Japan's Marubeni to invest, advance partnership in Hudbay exploration activities [Seeking Alpha]
MARUBENI CORP UNSP/ADR (MARUY)
NASDAQ:AMEX Investor Relations:
marubeni.com/ir
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Source: Seeking Alpha
Hudbay ( HBM ) said Marubeni's Canadian subsidiary will have an option to acquire a 20% interest in three projects located within trucking distance of the miner's processing facilities in Flin Flon, Manitoba. Upon successful completion of Marubeni's earn-in obligations, the companies will form a joint venture to hold the selected projects with Hudbay ( HBM ), acting as operator, owning an 80% stake and Marubeni holding the remaining 20%, following a memorandum of understanding the companies signed in July that set out the framework for a multi-year exploration partnership. Hudbay ( HBM ) said the agreement focuses on its Cuprus-White Lake, Westarm and North Star projects, which are all within 20 km of its Flin Flon milling complex. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News
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