TSX:HBMMetals and Mining
Does Hudbay Minerals' (TSX:HBM) New JOGMEC Deal Reframe Its Flin Flon Exploration Ambitions?
Hudbay Minerals Inc. recently announced an amended and restated option agreement with JOGMEC and Marubeni, under which JOGMEC can earn a 10% interest in three Manitoba projects by funding at least C$6,000,000 in exploration over about three years while Hudbay remains the operator.
This arrangement, alongside Marubeni’s existing earn-in option, effectively brings two Japanese partners into Hudbay’s Flin Flon exploration belt, spreading upfront exploration costs while potentially enhancing...