Hudbay Minerals Nears Final Permit For Copper World Project in Arizona
Portfolio Pulse from Stjepan Kalinic
Hudbay Minerals (NYSE:HBM) has secured the second-last permit for its Copper World project in Arizona, moving closer to becoming a major domestic copper producer. The project is expected to significantly boost U.S. copper production and create numerous jobs.
September 02, 2024 | 1:03 pm
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Hudbay Minerals has received the Aquifer Protection Permit for its Copper World project, a significant step towards full permitting. The project is expected to increase Hudbay's copper production by over 50% and contribute significantly to U.S. copper output.
The acquisition of the Aquifer Protection Permit is a critical milestone for Hudbay's Copper World project, indicating progress towards full operational status. This development is likely to positively impact Hudbay's stock as it promises a significant increase in production capacity and potential revenue growth.
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