Stocks in play: Hudbay Minerals Inc.
Announced the signing of an option agreement with Marubeni Corporation, pursuant to which Hudbay has granted Marubeni’s wholly-owned Canadian subsidiary an option to acquire a 20% interest in three projects located within trucking distance of Hudbay’s processing facilities in Flin Flon, Manitoba. In order to exercise the Option, amongst other things, Marubeni will fund at least $12 million in exploration expenditures over a period of approximately five years with Hudbay acting as operator and carrying out the exploration activities. Hudbay Minerals Inc. shares T.HBM are trading up $0.42 at $9.04.
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