# EDGAR Filing Document

**Accession Number:** 0000831259
**File Stem:** 0000831259-25-000023
**Filing Date:** 2025-6
**Character Count:** 26493
**Document Hash:** ccba1d34d5aafbf7d4a43593939c45f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000831259-25-000023.hdr.sgml**: 20250617

**ACCESSION NUMBER**: 0000831259-25-000023

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250617

**DATE AS OF CHANGE**: 20250617

**EFFECTIVENESS DATE**: 20250617

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FREEPORT-MCMORAN INC
- **CENTRAL INDEX KEY:** 0000831259
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 742480931
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-288115
- **FILM NUMBER:** 251054259

**BUSINESS ADDRESS:**
- **STREET 1:** 333 NORTH CENTRAL AVENUE
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85004
- **BUSINESS PHONE:** 6023668100

**MAIL ADDRESS:**
- **STREET 1:** 333 NORTH CENTRAL AVENUE
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FREEPORT MCMORAN COPPER & GOLD INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FREEPORT MCMORAN COPPER COMPANY INC
- **DATE OF NAME CHANGE:** 19910114

As filed with the Securities and Exchange Commission on June 17, 2025. Registration No. 333-_________

<br> <br>

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

**UNDER THE SECURITIES ACT OF 1933**

![image_0b.jpg](image_0b.jpg)

**Freeport-McMoRan Inc.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **74-2480931** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

---

**333 North Central Avenue**

**Phoenix, AZ 85004-2189**<br> (Address, including zip code, of registrants' principal executive offices)

![image_0b.jpg](image_0b.jpg)

**Freeport-McMoRan Inc. 2025 Stock Incentive Plan**

(Full title of the plan)

![image_0b.jpg](image_0b.jpg)

**Monique A. Cenac**

**Assistant General Counsel and Corporate Secretary**

**Freeport-McMoRan Inc.**

**333 North Central Avenue**

**Phoenix, AZ 85004**

**(602) 366-8100**<br> (Name and address and telephone number, including area code, of agent for service)

*Copy to*:

**Kelly C. Simoneaux**

**Jones Walker LLP**

**201 St. Charles Avenue, Suite 5100**

**New Orleans, Louisiana 70170-5100**

**(504) 582-8000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
| Non-accelerated filer  | ☐ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. &nbsp;&nbsp;&nbsp;&nbsp;☐

------

**EXPLANATORY NOTE**

**&nbsp;&nbsp;&nbsp;&nbsp;**The stockholders of Freeport-McMoRan Inc. ("<u>FCX</u>," the "<u>Company</u>" or the "<u>Registrant</u>") approved FCX's 2025 Stock Incentive Plan (the "<u>Plan</u>") on June 11, 2025, replacing the Company's 2016 Stock Incentive Plan (the "<u>2016 Plan</u>"). The Plan authorizes the issuance of up to 43,820,000 shares of FCX's common stock, $0.10 par value per share (the "<u>New Shares</u>"), subject to certain adjustments and less awards granted after April 1, 2025 under the 2016 Plan and prior to the effective date of the Plan. The purpose of this Registration Statement on Form S-8 (this "<u>Registration Statement</u>") is to register the New Shares that may be issued pursuant to awards under the Plan.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

Documents containing the information required by Part I of this Registration Statement will be sent or given to participants in the Plan in accordance with Rule 428(b)(1) of the Securities Act of 1933, as amended (the "<u>Securities Act</u>"). In accordance with the Note to Part I of Form S-8, such documents are not filed with the Securities and Exchange Commission (the "<u>Commission</u>") either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The following documents, which have been filed by FCX with the Commission, are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Commission on <u>[February 14, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000831259/000083125925000006/fcx-20241231.htm)</u> (including portions of our Definitive Proxy Statement on Schedule 14A filed with the Commission on <u>[April 25, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000831259/000119312525095175/d859132ddef14a.htm)</u>, to the extent specifically incorporated by reference in such Form 10-K);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the Commission on <u>[May 8, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000831259/000083125925000018/fcx-20250331.htm)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Company's Current Report on Form 8-K filed with the Commission on <u>[June](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000831259/000083125925000020/fcx-20250611.htm)[12](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000831259/000083125925000020/fcx-20250611.htm)[, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000831259/000083125925000020/fcx-20250611.htm)</u> (in all cases other than information furnished rather than filed pursuant to any such form); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The description of the Company's common stock contained in the Registration Statement on Form 8-A, filed with the Commission on <u>[June 29, 1995](https://www.sec.gov/Archives/edgar/data/831259/0000950103-95-000246.txt)</u>, as amended by the amendment on Form 8-A/A filed on <u>[November 26, 1996](https://www.sec.gov/Archives/edgar/data/831259/0000831259-96-000011.txt)</u>, as further amended by the amendment on Form 8-A/A filed on <u>[January 26, 2009](https://www.sec.gov/Archives/edgar/data/831259/000095013409000987/p13983e8va12bza.htm)</u>, as further amended by the amendment on Form 8-A/A filed on <u>[August 10, 2015](https://www.sec.gov/Archives/edgar/data/831259/000119312515283756/d39842d8a12ba.htm)</u>, as further amended by the amendment on Form 8-A/A filed on <u>[July 27, 2016](https://www.sec.gov/Archives/edgar/data/831259/000119312516660073/d233237d8a12ba.htm)</u>, and as updated by <u>[Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/831259/000083125924000031/a2q2024exhibit41.htm)</u> to our Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024, and any amendment, report or exhibit filed for the purpose of updating such description.

All reports and other documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall, except to the extent otherwise provided by Regulation S-K or any other rule promulgated by the Commission, be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents. Any statement contained herein, or in a document incorporated or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded to the extent that a statement contained herein or in any other document subsequently filed or incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Notwithstanding the foregoing, information contained in any Current Report on Form 8-K, including under Items 2.02 and 7.01 on Form 8-K, or any exhibits thereto, is not incorporated by reference in this Registration Statement or any related prospectus, unless expressly stated otherwise therein.

**Item 4. Description of Securities.**

&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

------

**Item 5. Interests of Named Experts and Counsel.**

**&nbsp;&nbsp;&nbsp;&nbsp;**Not applicable.

**Item 6. Indemnification of Directors and Officers.**

&nbsp;&nbsp;&nbsp;&nbsp;Section 145 of the Delaware General Corporation Law (the "<u>DGCL</u>") authorizes a court to award, or a corporation's board of directors to grant, indemnity to directors and officers in terms sufficiently broad to permit indemnification for liabilities (including reimbursement for expenses incurred) arising under the Securities Act.

As permitted by Section 102(b)(7) of the DGCL, the FCX certificate of incorporation includes a provision that eliminates the personal liability of FCX's directors and officers for monetary damages for breach of fiduciary duty as a director or officer, respectively, except for liability (1) for any breach of the director's or officer's duty of loyalty to FCX or its stockholders, (2) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of the law, (3) of a director under Section 174 of the DGCL, (4) for any transaction from which the director or officer derived an improper personal benefit, or (5) of an officer in any action by or in the right of the corporation.

In addition, the FCX certificate of incorporation and bylaws provide for mandatory indemnification rights, to the fullest extent permitted by applicable law, to any director or officer who (because of the fact that he or she is or was FCX's director or officer) is involved in a legal proceeding of any nature. These indemnification rights include reimbursement for expenses incurred by FCX's director or officer in advance of the final disposition of a proceeding according to applicable law.

The indemnification provisions in the FCX certificate of incorporation and bylaws may be sufficiently broad to permit indemnification of FCX's directors and officers for liabilities arising under the Securities Act.

FCX also provides insurance from commercial carriers against some liabilities incurred by FCX's directors and officers.

**Item 7. Exemption from Registration Claimed.**

**&nbsp;&nbsp;&nbsp;&nbsp;**Not applicable.

**Item 8. Exhibits.**

---

| | |
|:---|:---|
| <u>[4.1](https://www.sec.gov/Archives/edgar/data/831259/000083125924000031/a2q2024exhibit31.htm)</u> | Composite Certificate of Incorporation of Freeport-McMoRan Inc., effective as of June 11, 2024 (incorporated by reference to Exhibit 3.1 to the Quarterly Report on Form 10-Q (File No. 001-11307-01) filed August 7, 2024). |
| <u>[4.2](https://www.sec.gov/Archives/edgar/data/831259/000083125924000023/a2q2024exhibit32.htm)</u> | Amended and Restated By-Laws of Freeport-McMoRan Inc., effective as of June 11, 2024 (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K (File No. 001-11307-01) filed June 12, 2024). |
| <u>[5.1\*](fcx-exhibit51toformsx8.htm)</u> | Opinion of Jones Walker LLP. |
| <u>[15.1\*](eyacknowledgementletter.htm)</u> | Letter regarding Unaudited Interim Financial Statements. |
| <u>[23.1\*](fcx-exhibit51toformsx8.htm)</u> | Consent of Jones Walker LLP (included in Exhibit 5.1). |
| <u>[23.2\*](eyconsent.htm)</u> | Consent of Ernst & Young LLP. |
| <u>[24.1\*](#ib1d364aef5894d0ca94b6017ff4f1154_7)</u> | Powers of Attorney (included on the signature pages of this Registration Statement). |
| <u>[99.1](https://www.sec.gov/Archives/edgar/data/831259/000083125925000020/fcx2025stockincentiveplan.htm)</u> | Freeport-McMoRan Inc. 2025 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K (File No. 001-11307-01) filed June 12, 2025). |
| <u>[107\*](exfilingfees.htm)</u> | Filing Fee Table. |

---

\* Filed herewith.

**Item 9. Undertakings.**

(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee Tables" or "Calculation of Registration Fee" table, as applicable, in the effective Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

*provided*, *however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Phoenix, State of Arizona, on June 17, 2025.

---

| | |
|:---|:---|
| **FREEPORT-MCMORAN INC.** | **FREEPORT-MCMORAN INC.** |
| By: | /s/ Kathleen L. Quirk |
|  | Kathleen L. Quirk |
|  | President and Chief Executive Officer |

---

**POWER OF ATTORNEY**

Each person whose signature appears below constitutes and appoints Kathleen L. Quirk, Maree E. Robertson and Douglas N. Currault II, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power to act separately and full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Commission, granting unto each said attorney-in-fact and agent full power and authority to do and perform each and every act in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or either of them or his or her or their substitute or substitutes may lawfully do or cause to be done by virtue hereof.

&nbsp;&nbsp;&nbsp;&nbsp;

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on June 17, 2025.

---

| | |
|:---|:---|
| **<u>Signature</u>** | **<u>Title</u>** |
| /s/ Kathleen L. Quirk | President and Chief Executive Officer |
| Kathleen L. Quirk | *(Principal Executive Officer)* |
| /s/ Maree E. Robertson | Executive Vice President and Chief Financial Officer |
| Maree E. Robertson | *(Principal Financial Officer)* |
| /s/ Ellie L. Mikes | Vice President and Chief Accounting Officer |
| Ellie L. Mikes | *(Principal Accounting Officer)* |
| /s/ Richard C. Adkerson | Chairman of the Board |
| Richard C. Adkerson | |
| /s/ David P. Abney | Director |
| David P. Abney | |
| /s/ Marcela E. Donadio | Director |
| Marcela E. Donadio | |
| /s/ Robert W. Dudley | Director |
| Robert W. Dudley | |
| /s/ Hugh Grant | Director |
| Hugh Grant | |
| /s/ Lydia H. Kennard | Director |
| Lydia H. Kennard | |
| /s/ Ryan M. Lance | Director |
| Ryan M. Lance | |
| /s/ Sara Grootwassink Lewis | Director |
| Sara Grootwassink Lewis | |

---

------

---

| | |
|:---|:---|
| **<u>Signature</u>** | **<u>Title</u>** |
| /s/ Dustan E. McCoy | Director |
| Dustan E. McCoy | |
| /s/ John J. Stephens | Director |
| John J. Stephens | |
| /s/ Frances Fragos Townsend | Director |
| Frances Fragos Townsend | |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? exfilingfees

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibit 107**

**Calculation of Filing Fee Tables**

**Form S-8**

(Form Type)

**Freeport-McMoRan Inc.**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered Securities</u>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Type | Security Class Title | Fee Calculation Rule | Amount Registered<sup>(1)</sup> | Proposed Maximum Offering Price Per Unit<sup>(2)</sup> | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee |
| Equity | Common Stock, $0.10 par value | Rule 457(c) and Rule 457(h) | 43820000 | $40.66 | $1781721200.00 | 0.0001531 | $272781.52 |
| Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts |  | $1781721200.00 |  | $272781.52 |
| Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  |  | $— |
| Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due |  |  |  | $272781.52 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(1)</sup>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), this Registration Statement also covers any additional shares of the Registrant's common stock, $0.10 par value per share (the "<u>Common Stock</u>") that become issuable pursuant to the Freeport-McMoRan Inc. 2025 Stock Incentive Plan by reason of any recapitalization, reclassification, stock dividend, stock split or other similar transaction resulting in an increase in the number of shares of outstanding Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(2)</sup>&nbsp;&nbsp;&nbsp;&nbsp;Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c) and 457(h) under the Securities Act and calculated based on the average of the high and low sales prices reported for the Common Stock on the New York Stock Exchange on June 13, 2025.

## Exhibit 5.1

---

| | |
|:---|:---|
| ![image_0a.jpg](image_0a.jpg) | **EXHIBIT 5.1** |

---

June 17, 2025

Freeport-McMoRan Inc.

333 North Central Avenue

Phoenix, Arizona 85004

Ladies and Gentlemen:

&nbsp;&nbsp;&nbsp;&nbsp;We have acted as counsel to Freeport-McMoRan Inc., a Delaware corporation (the "Company"), in connection with the Company's registration statement on Form S-8 (the "Registration Statement") to be filed with the Securities and Exchange Commission with respect to registration under the Securities Act of 1933, as amended, of an aggregate 43,820,000 shares of common stock of the Company, $0.10 par value per share (the "Common Stock"), to be issued under the Company's 2025 Stock Incentive Plan (the "Plan"), which is filed as Exhibit 99.1 to the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;We have examined instruments, documents and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed the following: (a) the authenticity of original documents and the genuineness of all signatures; (b) the conformity to the originals of all documents submitted to us as copies; and (c) the truth, accuracy and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed.

&nbsp;&nbsp;&nbsp;&nbsp;Based upon the foregoing, we are of the opinion that the shares of Common Stock to be issued by the Company pursuant to the Plan after the filing of the Registration Statement are validly authorized shares of Common Stock and, when issued in accordance with the terms described in the Plan, will be legally issued, fully paid and non-assessable.

&nbsp;&nbsp;&nbsp;&nbsp;We express no opinion as to the laws of any jurisdiction other than the General Corporation Law of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name wherever it appears in the Registration Statement. In giving such consent, we do not consider that we are "experts" within the meaning of such term as used in the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission issued thereunder, with respect to any part of the Registration Statement, including this opinion as an exhibit or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;Sincerely,

&nbsp;&nbsp;&nbsp;&nbsp;/s/ JONES WALKER LLP

&nbsp;&nbsp;&nbsp;&nbsp;JONES WALKER LLP

---

| |
|:---|
| {N4373929.3} |
| 201 St. Charles Avenue \| New Orleans, LA 70170-5100 \| T: 504.582.8000 \| F: 504.582.8583 \| **joneswalker.com** |

---

## Exhibit 15.1

**Exhibit 15.1**

June 17, 2025

To the Board of Directors and Stockholders of

Freeport-McMoRan Inc.

We are aware of the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2025 Stock Incentive Plan of Freeport-McMoRan Inc. of our report dated May 8, 2025 relating to the unaudited consolidated interim financial statements of Freeport-McMoRan Inc. that are included in its Form 10-Q for the quarter ended March 31, 2025.

/s/ Ernst & Young LLP

Phoenix, Arizona

## Exhibit 23.2

**Exhibit 23.2**

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the 2025 Stock Incentive Plan of Freeport-McMoRan Inc. of our reports dated February 14, 2025, with respect to the consolidated financial statements and schedule of Freeport-McMoRan Inc. and the effectiveness of internal control over financial reporting of Freeport-McMoRan Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2024, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Phoenix, Arizona

June 17, 2025

<br>