Cautionary statement regarding forward-looking statements
This prospectus supplement, the accompanying prospectus and any related free writing prospectus we prepare or authorize, including the documents incorporated by
reference herein and therein, contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act) and Section 21E of the Securities Exchange Act of
1934, as amended (the Exchange Act). Such forward-looking information is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. These
statements may be made directly in this prospectus supplement or the accompanying prospectus or may be incorporated in this prospectus supplement, the accompanying prospectus or in any related free writing prospectus we prepare or authorize by
reference to other documents and may include statements for the period following the completion of this transaction. Representatives of FCX may also make forward-looking statements.
Forward-looking statements are all statements other than statements of historical facts, such as plans, projections, or expectations relating to ore grades and milling rates, forecasts or expectations regarding
business outlook, production and sales volumes, unit net cash costs, cash flows, capital expenditures, operating costs, operating plans, cost savings, our expectations regarding our share of PT Freeport Indonesias (PT-FI) net (loss) income and future cash flows through 2022, PT-FIs development, financing, construction and completion of a new smelter in Indonesia,
improvements in operating procedures and technology, exploration efforts and results, development and production activities, rates and costs, liquidity, tax rates, export quotas and duties, the impact of copper, gold and molybdenum price changes,
the impact of deferred intercompany profits on earnings, reserve estimates, execution of the settlement agreement associated with the Louisiana coastal erosion cases, future dividend payments, share purchases and sales, and completion of this
offering and the tender offers for the 3.55% senior notes due 2022, 3.875% senior notes due 2023 and 4.55% senior notes due 2024. The words anticipates, may, can, plans, believes,
estimates, expects, projects, targets, intends, likely, will, should, could, to be, potential,
assumptions, guidance, future and any similar expressions are intended to identify those assertions as forward-looking statements. This prospectus supplement, including the documents incorporated by reference
herein, may also include forward-looking statements regarding mineralized material not included in proven and probable mineral reserves. Mineralized material is a mineralized body that has been delineated by appropriately spaced drilling and/or
underground sampling to support the estimated tonnage and average metal grades. Such a deposit cannot qualify as recoverable proven and probable reserves until legal and economic feasibility are confirmed based upon a comprehensive evaluation of
development costs, unit costs, grades, recoveries and other material factors. Accordingly, no assurances can be given that the estimated mineralized material not included in reserves will become proven and probable reserves.
We caution readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated,
expected, projected or assumed in the forward-looking statements. Important factors that can cause our actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, the duration and
scope of and uncertainties associated with the COVID-19 pandemic, and the impact thereof on commodity prices, our business and the global economy, which are evolving and beyond our control, and any related
actions taken by governments and businesses (including the Peruvian governments order), our ability to contain and mitigate the risk of spread or major outbreak of COVID-19 at our operating sites,
including at PT-FIs remote operating site in Papua, supply of and demand for, and prices of, copper, gold and molybdenum, mine sequencing, changes in mine plans or operational modifications, delays,
deferrals or cancellations, production rates, timing of shipments, results of feasibility studies, potential inventory adjustments, potential impairment of long-lived mining assets, the
potential effects of violence in Indonesia generally and in the province of Papua, the Indonesian governments extension of PT-FIs export license after
March 15, 2021, risks associated with underground mining, satisfaction
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