America needs a stronger
copper supply chain.
The United States consumes about 2,200 kt of refined copper a year and refines 850 kt of it at home. Falcon is building the capacity that closes the difference.
Four forces are reshaping
American copper supply.
Tolling charges, what a smelter is paid to process concentrate, settled at zero in the 2026 annual benchmark. Spot charges are negative, so smelters now pay for the concentrate they process. Two primary smelters still operate in the United States, with a third mothballed, and the country buys imported refined copper to cover the gap.
AI infrastructure, grid electrification and defense systems all run on copper, and all three are being built on decade-long capital plans. Demand rises roughly 50% to 42 Mt by 2040 against production peaking near 33 Mt in 2030, a deficit of about 10 Mt.
Longer than any country except Zambia, counting projects still in development. BHP estimates average copper mine grades have declined around 40% since 1991, and exploration budgets have collapsed. A mine that begins development today will not produce copper before 2040.
Copper is designated a critical mineral by DOE and USGS. The State Department’s Pax Silica framework coordinates allied supply-chain policy with Japan, Korea and other signatories. Section 232 protects domestic processing economics for the first time in decades.
The integrated answer
to all four forces.
Falcon operates as a single company across exploration, domestic processing, and allied international supply, with the scale and integration to address the full structural challenge.
Eight copper-dominant exploration projects across Montana, Alaska, Nevada and Arizona, including joint ventures with Rio Tinto Kennecott and Freeport-McMoRan.
Explore MiningFalcon is developing two projects: a new-build primary smelter in Arizona, the first in four decades, and an electrolytic refinery on the Gulf Coast.
Explore Smelting & RefiningTier-one copper projects in Zambia and the African Copperbelt that strengthen U.S. critical-minerals supply.
Explore Allied SupplyRebuilding America's copper processing capacity.Closing the processing gap.
A district-scale portfolio
of U.S. copper assets.
Eight copper-dominant exploration projects across Montana, Alaska, Nevada, and Arizona, including joint ventures with two of the world's largest copper producers.
Nine properties across four U.S. states. Hover a pin to explore.
Project information is provided for general reference only and does not constitute a technical disclosure of mineral resources, reserves, exploration results, or project economics. See Disclosures.