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
The funds will be directed towards drilling, exploration, technical studies and further development of the Cactus copper project in Arizona, US.
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.
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.
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.
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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 ...
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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.