Hudbay Lifts Stake in Arizona Sonoran Copper

Hudbay increases stake in Arizona Sonoran to 9.99%
Hudbay Minerals (TSX, NYSE: HBM) has upped its stake in Arizona Sonoran Copper Company (TSX: ASCU) with the purchase of approximately 11.85 million shares under a private placement.
Arizona Sonoran Copper announces C$19.9m private placement with Hudbay
Arizona Sonoran Copper Company has announced a strategic private placement valued at C$19.9m ($13.83m) with Hudbay Minerals.
Hudbay Minerals backs up the truck for Arizona Sonoran Copper
Global copper miner Hudbay Minerals (TSX:HBM) will invest C$19,911,467 into Arizona Sonoran Copper (TSX:ASCU), a junior miner developing its flagship C$2.77 billion net present value Cactus project in Arizona ・Hudbay’s investment will increase its stake to 9.
Arizona Sonoran Announces C$19.9 Million Strategic Private Placement with Hudbay
Hudbay will hold a 9.99% interest in ASCU, following the closing of the Private Placement and after giving effect to the Common Shares currently held by Hudbay. The Issue Price represents a 15% premium to the 5-day volume weighted average price of the Common Shares on the Toronto Stock Exchange (“TSX”) as of the close of trading on January 7, 2025.
Arizona Sonoran Shares Jump After Hudbay Moves to Lift Stake
Arizona Sonoran Copper's shares rallied after the copper explorer agreed to a 19.9 million Canadian dollars (US$13.9 million) investment from Hudbay Minerals that will help advance a copper project in Arizona. In morning trading Thursday, the shares were 12% higher at C$1.60, widening the advance over the last 12 months to 84%.
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Hudbay Minerals Inc (HBM) Stock: More Resilient Than It Appears
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RBC Capital Remains a Buy on Hudbay Minerals (HBM)
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Hudbay Minerals Receives Final Permit to Develop Copper World Project
HBM's fully-owned Copper World project receives an Air Quality Permit from the Arizona Department of Environmental Quality.
Institutional investors control 59% of Hudbay Minerals Inc. (TSE:HBM) and were rewarded last week after stock increased 8.8%
Key Insights Institutions' substantial holdings in Hudbay Minerals implies that they have significant influence ...
Hudbay Lifts Stake in Arizona Sonoran Copper With C$19.9 Mln Investment
Hudbay Minerals will boost its stake in copper explorer Arizona Sonoran Copper with a 19.9 million Canadian dollars ($13.9 million) investment that will help advance a copper project in Arizona.
Panoro Transaction with Hudbay Minerals for Kusiorcco Project Net Smelter Return Royalty
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Hudbay Minerals seeks approval for $210m Peru mine expansion
Plan involves enlarging the Constancia pit, installing new processing equipment, and raising the tailings dam wall.