US EditionHudbay Announces $600 Million Strategic Investment From Mitsubishi Corporation for 30% Joint Venture Interest in Copper World
The $600 million joint venture aims to develop Copper World into a top copper asset, creating over 1,000 construction jobs annually and supporting U.S. critical minerals supply and security.
- On Aug. 13, 2025, Hudbay Minerals announced a $600 million investment from Mitsubishi Corporation for a 30% stake in Copper World in Pima County, Arizona.
- Seeking strategic validation, the partnership endorses Copper World's value and Hudbay's technical strengths, supporting U.S. national security and critical minerals objectives with a projected $1.5 billion investment.
- Splitting the investment, the deal allocates $420 million at closing and $180 million within 18 months; the JV Transaction is expected to close late 2025 or early 2026 pending regulatory approvals.
- Following the announcement, Hudbay shares rose C$2.36 to C$15.93 on the Toronto Stock Exchange, and Copper World is expected to contribute over $850 million in U.S. taxes and create more than 400 direct jobs and 3,000 indirect roles.
- Based on the PFS, the definitive feasibility study is expected to complete by mid-2026, with an after-tax NPV of $1.1 billion and an IRR of 19%.
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Prince George Citizen
Hudbay Minerals sells stake in Arizona copper mine to Mitsubishi
Shares in Hudbay Minerals Inc. surged after it announced a deal with Mitsubishi Corp. to sell a 30 per cent stake in an Arizona copper project the Toronto-based miner says will support U.S. national security goals. Hudbay's stock was trading at C$15.
Hudbay (HBM) Soars on Q2 Beat and $600M Copper Deal
Hudbay Minerals Inc. (TSX: HBM, NYSE: HBM) is gaining renewed investor attention following a strong second quarter and a transformative strategic investment. The Canadian-based mining company, known for its copper-focused operations in the Americas, delivered impressive financial results, reaffirmed its guidance, and secured a major joint venture to advance its growth pipeline. In Q2 2025, Hudbay surpassed market expectations with adjusted earni…
The Peterborough Examiner
Hudbay Minerals sells Copper World stake, reports Q2 results, shares up
TORONTO - Shares of Hudbay Minerals Inc. soared higher after it announced a deal to sell a 30 per cent stake in its Copper World project in Arizona to Mitsubishi and reported its second-quarter results.
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