Freeport Forced To Raise Another $1 Billion (US) Freeport announced today it is going back to the open market to issue another $1 billion in stock to raise cash. This is the 2nd time in less than two months that its lenders and creditors have forced a $1 billion raise on the open market. The sale of Freeport's majority interest in Timok, either to RMC or a third party who would have already bought out RMC at a substantial premium, is inevitable---- and soon. Freeport is currently om life-support. RMC is in the driver's seat, a nice position to be in in any market and especially this one.