Hudbay and Marubeni Sign Flin Flon Option Agreement to Advance Exploration Partnership [Canadian Business Journal (Canada)]
MARUBENI CORP UNSP/ADR (MARUY)
NASDAQ:AMEX Investor Relations:
marubeni.com/ir
Company Research
Source: Canadian Business Journal
TORONTO, March 13, 2024 (GLOBE NEWSWIRE) —Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM)“This exploration partnership with Marubeni represents a significant milestone towards unlocking potential future value in the Flin Flon region,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer. “This arrangement allows us to partner with Marubeni and leverage our operational and exploration expertise to test our large Flin Flon land package to potentially bring another mine into production and utilize Hudbay’s idle processing infrastructure in Flin Flon. Hudbay has discovered and operated 29 mines in our nearly 100-year history in Manitoba and we have the potential to continue that success with this renewed focus on exploration in Flin Flon.”Masafumi Ichigetsu, General Manager, Copper Mining Dept., Marubeni, commented, “The signing of an option agreement with Hudbay gives us access to the Flin Flon Greenstone Belt, one of the most prospective base metal VMS
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