TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that, pursuant to the terms of an asset purchase agreement dated May 18, 2022 between, among others, American Copper Development Corporation (“American Copper”) and Hudbay’s wholly owned subsidiary, Mason Resources (US) Inc. (“Mason”), American Copper issued 9,896,591 common shares (the “Consideration Shares”) to Mason as partial consideration for the acquisition of a 100% interest in Mason’s Lordsburg property in New Mexico, United States. The Consideration Shares represent approximately 12.0% of American Copper’s currently issued and outstanding shares.

By admin