Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia, where the Indonesian government holds a commercial interest [4]. - The company has been accused of overstating its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about the suspension of mining operations due to a landslide that trapped seven team members [6]. - Following an update on September 24, 2025, indicating two fatalities and five missing individuals, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, further impacting investor confidence [9].

Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud that affected investors between February 15, 2022, and September 24, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia, leading to a heightened risk of worker fatalities [2]. - It is alleged that the lack of proper safety measures resulted in undisclosed regulatory, litigation, and reputational risks, making the company's statements about its business and operations materially false and misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia, where the Indonesian government holds a commercial interest [5]. - The company has previously emphasized its commitment to safety through advanced data, technology, and behavioral science principles to prevent fatal incidents [5]. Group 3: Allegations of Safety Overstatement - Allegations suggest that Freeport overstated its safety commitment, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [6]. Group 4: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following an update on September 24, 2025, indicating two fatalities and operational suspensions, the stock fell by $7.69 per share (almost 17%) [8]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further drop of $2.33 per share (over 6%) [9]. - An Indonesian news report on September 28, 2025, claimed the incident was preventable, suggesting that the risks associated with certain mining methods were known [11].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which have resulted in significant investor losses [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses in Freeport-McMoRan to contact them directly to discuss their legal options [1]. - There is a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg mine, which led to increased risks and ultimately investor losses [4]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, causing the stock price to drop by $2.77, or 5.9%, closing at $43.89 per share [5]. - Following an update on September 24, 2025, revealing that two workers were fatally injured and five remained missing, Freeport's stock price fell by $7.69, or 17%, closing at $37.67 per share [6]. - An article published on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, leading to a further stock price decline of $2.33, or 6.2%, closing at $35.34 [7]. Group 3: Expert Opinions and Class Action Details - An article published on September 28, 2025, suggested that the landslide incident at Freeport was preventable, indicating that the risks should have been anticipated [8]. - The court-appointed lead plaintiff will be the investor with the largest financial interest in the relief sought, and any member of the putative class may move to serve as lead plaintiff [9].

Core Viewpoint - Freeport-McMoran, Inc. is facing a class action lawsuit from investors who purchased securities during the specified class period due to significant operational issues and stock price declines following a mining incident in Indonesia [1][3]. Group 1: Legal Action - The Portnoy Law Firm is advising Freeport investors to join a class action lawsuit for those who bought securities between February 15, 2022, and September 24, 2025 [1]. - Investors have until January 12, 2026, to file a lead plaintiff motion [1]. Group 2: Incident Details - On September 9, 2025, Freeport announced the suspension of mining activities at its Grasberg Block Cave operation due to a blockage caused by wet material, which trapped seven workers [3]. - Following the incident, Freeport's stock price dropped by $2.80 per share, or 5.99%, closing at $43.87 on September 9, 2025 [3]. - An update on September 24, 2025, revealed that two workers were fatally injured and five remained missing, leading to a further stock price decline of $7.69 per share, or 16.95%, closing at $37.67 [3]. Group 3: Firm's Background - The Portnoy Law Firm has a history of representing investors in claims related to corporate wrongdoing and has recovered over $5.5 billion for aggrieved investors [4].

Core Insights - Freeport-McMoRan's Q3 2025 revenues rose to approximately US$6.97 billion, a modest increase from US$6.79 billion in Q3 2024, despite a decline in production and sales due to operational disruptions at the Grasberg Mine [2][3] - The company reported a net income of around US$674 million, or US$0.46 per share, up from US$0.36 in the same quarter last year, driven by higher realized commodity prices [2][3] - Copper production decreased by roughly 13.2% year-over-year to 912 million pounds, with consolidated copper sales dropping to 977 million pounds from 1,035 million pounds a year ago [2][3] Production and Operational Challenges - A significant safety incident at the Grasberg Mine in September 2025 led to a halt in operations, resulting in a force-majeure declaration for exports from Indonesia [3][5] - Despite reduced production volumes, Freeport maintained profitability due to higher average commodity prices, with copper averaging US$4.68 per pound (up ~9% year-over-year) and gold at approximately US$3,539 per ounce [3][5] Financial Performance and Cost Management - The consolidated unit net cash cost for copper remained stable at approximately US$1.40 per pound, below guidance expectations, indicating effective cost management [4] - Operating cash flow for Q3 reached over US$1.6 billion, despite a decrease compared to the previous quarter, showcasing the company's financial resilience [4] Geographic Diversification and Future Outlook - Freeport's operations in the Americas continue to produce copper, gold, and molybdenum, providing geographic diversification that mitigates the impact of the Grasberg disruption [4][6] - The company commenced the quarter with strong cash reserves and manageable debt, allowing flexibility to navigate current challenges and sustain investments [5][6] - Future performance will depend on the speed of restoring output at Grasberg and the strength of global demand for copper and gold, driven by infrastructure and renewable energy projects [5][7] Investment Valuation - Freeport's stock is valued at $46, approximately 7% above the current market price, reflecting a solid opportunity for rebound given its global presence and balanced mix of metals [7]

Core Insights - Freeport-McMoRan's revenues in Q3 2025 rose to approximately US$6.97 billion, a modest increase from US$6.79 billion in Q3 2024, with net income attributable to common stock at around US$674 million, or US$0.46 per share, up from US$0.36 in the same quarter last year [2][3] Financial Performance - The company faced a decline in production, with copper output decreasing by roughly 13.2% year-over-year to 912 million pounds, and consolidated copper sales dropping to 977 million pounds from 1,035 million pounds a year ago [2][3] - Despite production challenges, Freeport maintained profitability due to higher realized commodity prices, with copper averaging US$4.68 per pound (up ~9% year-over-year) and gold reaching ~US$3,539 per ounce [3][4] - The consolidated unit net cash cost for copper remained approximately US$1.40 per pound, nearly unchanged from the previous year, and below guidance expectations [4] Operational Challenges - A significant safety and operational disruption at the Grasberg Mine in Indonesia, caused by a "mud-rush" incident, led to a halt in operations and a force-majeure declaration for exports [3][6] - The company has indicated a phased restart plan for Grasberg, but production losses in Q3 and guidance suggesting 2025 volumes may remain below previous estimates could pose challenges [6][7] Strategic Positioning - Freeport's operations in the Americas continue to produce copper, gold, and molybdenum, providing geographic diversification that lessens the impact of the Grasberg disruption [4][5] - The company commenced the quarter with substantial cash reserves and a manageable debt load, offering flexibility to navigate the current crisis and sustain investments [5] Market Outlook - Future performance will depend on the speed of restoring output at Grasberg and the strength of global demand for copper and gold, driven by infrastructure projects and renewable energy initiatives [6][8] - Freeport's extensive global presence, balanced mix of metals, and sound financial health present a solid opportunity for rebound, assuming key mines can safely restart and commodity demand remains strong [8]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements related to safety practices at its Grasberg Block Cave mine in Indonesia [1][2]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine, which heightened the risk of worker fatalities [1]. - It is claimed that the lack of proper safety precautions led to undisclosed regulatory, litigation, and reputational risks for the company [1]. - The statements made by the defendants regarding Freeport-McMoRan's business operations and prospects were materially false and misleading, lacking a reasonable basis during the class period [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 15, 2022, to September 24, 2025 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for January 12, 2026 [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - Rosen Law Firm is encouraging investors of Freeport-McMoRan Inc. to secure legal counsel before the January 12, 2026 deadline for a securities class action lawsuit related to the company's operations during the specified class period from February 15, 2022, to September 24, 2025 [1][2]. Group 1: Class Action Details - Investors who purchased Freeport-McMoRan securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by January 12, 2026 [3]. - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety measures at the Grasberg Block Cave mine in Indonesia, which led to increased risks for workers and potential regulatory and reputational consequences [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked highly for its number of securities class action settlements and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [3]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [3]. - The allegations include that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [3]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].