Freeport-McMoRan Inc. filed a Form 8-K with the SEC on November 4, 2026, disclosing that its Board of Directors approved a $4.5 billion expansion and modernization program for its wholly owned Bagdad copper and molybdenum operation in northwest Arizona.

Key Highlights

  • Board approval: Freeport-McMoRan's Board of Directors approved the program, according to the filing.
  • Program size: The approved expansion and modernization program is valued at $4.5 billion.
  • Targeted operation: The program covers the Bagdad copper and molybdenum operation, which the filing describes as wholly owned by Freeport-McMoRan.
  • Location: The Bagdad operation is situated in northwest Arizona.
  • Announcement date: The press release disclosing the program was dated November 4, 2026.
  • Stated purpose: The attached press release was titled "Freeport Announces Plans to Boost U.S. Copper & Molybdenum Production," according to the filing.

Freeport-McMoRan's $4.5 Billion Bagdad Operation Program

Freeport-McMoRan Inc. (NYSE:FCX), headquartered in Phoenix, Arizona, disclosed through the November 4, 2026 filing that its Board of Directors approved a $4.5 billion expansion and modernization program for the Bagdad operation. The company described Bagdad as a wholly owned copper and molybdenum operation located in northwest Arizona. The disclosure was made under Item 8.01 (Other Events) of the Form 8-K.

The filing incorporates by reference a press release dated November 4, 2026, titled "Freeport Announces Plans to Boost U.S. Copper & Molybdenum Production," which was attached as Exhibit 99.1. The filing does not include the full text of the press release within the body of the 8-K itself, so additional operational or financial details about the program are contained in that exhibit rather than the current report's main text.

The Form 8-K was signed by Ellie L. Mikes, Vice President and Chief Accounting Officer of Freeport-McMoRan Inc., as the authorized signatory, on November 4, 2026. The company's common stock, with a par value of $0.10 per share, trades on the New York Stock Exchange under the ticker symbol FCX.

What Was Disclosed

Freeport-McMoRan reported via an 8-K that its Board approved a $4.5 billion expansion and modernization program for its wholly owned Bagdad copper and molybdenum operation in northwest Arizona, with a supporting press release attached as an exhibit.