The team also said Tuesday it has sent defenceman Brett Bellemore to its AHL affiliate in Charlotte.
The 21-year-old Faulk missed nine games with a sprained right medial collateral ligament.
The second-year player leads the Hurricanes by averaging 23 minutes, 13 seconds of ice time and his plus-minus rating of plus-4 is second-best on the team.
The moves were made a few hours before Carolina's home game against Eastern Conference-leading Pittsburgh. The slumping Hurricanes entered having lost a club-record-tying seven straight at home and 12 of 13 overall.