Freeport-McMoRan Inc.F

Notable vs. Peers

• Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.6/10.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · No single company-wide date exists for a multi-asset major spanning the US, Peru, Chile and Indonesia across a 50+ year operating history -- same 'no single date' treatment already applied to BHP/SCCO/NEM/AEM/ABX's equivalent rows. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts). · Source
2. Construction decision (FID)

   Reached — date not disclosed · No single company-wide date exists for a multi-asset major spanning the US, Peru, Chile and Indonesia across a 50+ year operating history -- same 'no single date' treatment already applied to BHP/SCCO/NEM/AEM/ABX's equivalent rows. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts). · Source
3. Construction start

   Reached — date not disclosed · No single company-wide date exists for a multi-asset major spanning the US, Peru, Chile and Indonesia across a 50+ year operating history -- same 'no single date' treatment already applied to BHP/SCCO/NEM/AEM/ABX's equivalent rows. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts). · Source
4. First pour / production

   Dec 1972 · The original Ertsberg deposit (predecessor to the much larger Grasberg deposit, discovered 1988) shipped first ore in Dec 1972; the mine officially opened 1973. Used as this record's milestone anchor per this project's 'flagship asset, not oldest corporate history' convention (same as BHP anchoring to Escondida rather than the 1885 Broken Hill Proprietary founding) -- Grasberg is FCX's largest, best-documented single asset. Month/year precision only; FCX's Morenci, Arizona asset has an even longer operating history (copper discovered 1865, Detroit Copper Co. began mining 1872, open-pit transition 1937) but its own citations are less consolidated than Grasberg's, per this pass's research. · Source
5. Commercial production

   Reached — date not disclosed · No single company-wide date exists for a multi-asset major spanning the US, Peru, Chile and Indonesia across a 50+ year operating history -- same 'no single date' treatment already applied to BHP/SCCO/NEM/AEM/ABX's equivalent rows. Row exists to satisfy the stage=PRODUCTION lifecycle-gate check (src/lib/lifecycle-gates.ts). · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.