Freeport-McMoRan Inc. press release

INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Freeport-McMoran

2026-01-06

NYSE - New York Stock Exchange · Copper · Gold · Molybdenum · United States

PR Newswire

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson+Wilson)Encourages Investors Who Suffered Losses In Freeport-McMoran To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Freeportbetween February 15, 2022and September 24, 2025and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilsondirectly at 877-247-4292 or 212-983-9330(Ext. 1310).

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NEW YORK, Jan. 6, 2026/PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Freeport-McMoran Inc. ("Freeport" or the "Company") (NYSE: FCX) and reminds investors of the January 12, 2026deadlineto seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, Californiaand Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint allegesthat the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Freeportdid not adequately ensure safety at the Grasberg Block Cave mine in Indonesia;(2)the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport'sworkers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, Defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On September 9, 2025, Freeportdisclosed it was suspending mining activities at its Grasberg Block Cave operation in Indonesia, after "a large flow of wet material" trapped seven workers.

On this news, Freeport'sstock price fell $2.77, or 5.9%, to close at $43.89per share on September 9, 2025, thereby injuring investors.

Then, on September 24, 2025, Freeportprovided an update on the incident, disclosing that two of the trapped team members "were regrettably fatally injured[.]" Meanwhile, "extensive efforts" remained "ongoing in the search for [the five] team members who [remained] missing."

On this news, Freeport'sstock price fell $7.69, or 17%, to close at $37.67per share on September 24, 2025.

Then, on September 25, 2025, before market hours, Bloomberg published an article stating that the "halt in production at the giant Grasberg copper mine in Indonesialooks set to strain the fractious relationship between [Freeport] and its host nation, at a time when the Jakartagovernment was already looking to take greater control." The article specified that "[the] state controls 51% of the local entity - after a lengthy battle over ownership - but officials have sporadically continued to demand an increased share. That clamor may now intensify."

On this news, Freeport'sstock price fell $2.33, or 6.2%, to close at $35.34on September 25, 2025, thereby injuring investors further.

On September 28, 2025, a news organization focusing on Indonesia, published an article entitled "Freeport Landslide was Preventable, Not Just a Natural Disaster, Says Expert." The article quoted an expert as saying "this danger is not new and should have been anticipated from the beginning[.]"

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Freeport'sconduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Freeport-McMoranclass action, go to www.faruqilaw.com/FCXor callFaruqi & Faruqi partner Josh Wilsondirectly at 877-247-4292 or 212-983-9330(Ext. 1310).

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Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

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SOURCE Faruqi & Faruqi, LLP