The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased Freeport-McMoran Inc. (“Freeport” or the “Company”) (NYSE: FCX) securities between February 15, 2022 and September 24, 2025, inclusive (the “Class Period”). Freeport investors have until January 12, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR FREEPORT-MCMORAN INC. (FCX) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On September 9, 2025, Freeport disclosed 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’s stock price fell $2.77, or 5.9%, to close at $43.89 per share on September 9, 2025, thereby injuring investors.

Then, on September 24, 2025, Freeport provided 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’s stock price fell $7.69, or 17%, to close at $37.67 per 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 Indonesia looks set to strain the fractious relationship between [Freeport] and its host nation, at a time when the Jakarta government 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’s stock price fell $2.33, or 6.2%, to close at $35.34 on 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[.]”

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Freeport did 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’s workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you purchased Freeport securities, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Century City, California 90067

Telephone: 310-914-5007

Email: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251118832153/en/

Law Offices of Frank R. Cruz Encourages Freeport-McMoran Inc. (FCX) Shareholders To Inquire About Securities Fraud Class Action