FREEPORT-MCMORAN INC 8-K/A

What Happened

• Freeport‑McMoRan Inc. (FCX) reported on February 27, 2026, that on February 18, 2026 it and its 48.76%-owned subsidiary, PT Freeport Indonesia (PTFI), entered a Memorandum of Understanding (MOU) with the Government of the Republic of Indonesia to pursue a life‑of‑resource extension of PTFI’s operating rights in the Grasberg minerals district. The extension and other agreed terms are subject to the Indonesian government issuing an amended IUPK (mining business license). PTFI intends to promptly file an extension application reflecting the agreed terms. FCX issued a press release on February 18, 2026 announcing the MOU.

Key Details

• Parties: Freeport‑McMoRan Inc., PT Freeport Indonesia (48.76% owned by FCX) and the Government of the Republic of Indonesia.
• Date of MOU: February 18, 2026; Form 8‑K filed February 27, 2026.
• Condition: Extension and agreed terms are contingent on the government issuing an amended IUPK.
• Next step: PTFI intends to expeditiously complete and submit an extension application reflecting the MOU terms.

Why It Matters

• The MOU, if converted into an amended IUPK and final agreements, could secure PTFI’s long‑term operating rights in the Grasberg minerals district—one of the world’s largest copper and gold mining areas—which is directly relevant to Freeport’s future resource access and long‑term production potential.
• The filing does not disclose financial terms or a guaranteed outcome; the extension remains subject to government approval and completion of PTFI’s formal application. Investors should note this is a preliminary agreement (MOU) and monitor subsequent filings for final approvals, terms, or material financial disclosures.