Hudbay Minerals has completed its acquisition of Mason Resources. The two companies announced last week the completion of the previously announced plan of arrangement whereby Hudbay has acquired all of the issued and outstanding shares of Mason it did not already own for 40 cents per common share. Mason Resources is a Canadian mining company focused on copper exploration and development in the United States with the Ann Mason copper deposit in Nevada and the copper gold Lordburg projects in New Mexico.
Hudbay President Alan Hair says they are pleased to complete the acquisition of Mason and add the Ann Mason project to their pipeline. He adds the Ann Mason project meets their stringent acquisition criteria and has the potential to be a long life low cost mine in one of the world’s best jurisdictions for mining and it is at a stage where they can leverage their management expertise in exploration, engineering, permitting and construction to create value for their shareholders.