Hudbay Secures $600 Million Investment from Mitsubishi for Copper World Project

Hudbay Minerals ( (TSE:HBM) ) just unveiled an update.

Hudbay Minerals has announced a strategic partnership with Mitsubishi Corporation, which will acquire a 30% interest in Hudbay’s Copper World project in Arizona for $600 million. This partnership is expected to facilitate a $1.5 billion investment in the U.S. critical minerals supply chain, aiming to produce 85,000 tonnes of copper annually for 20 years. The project is anticipated to create over 1,000 jobs during construction and up to 3,000 indirect jobs once operational. The investment from Mitsubishi, along with an enhanced precious metals stream agreement with Wheaton, significantly de-risks the project and positions Hudbay to advance towards a sanction decision in 2026.

The most recent analyst rating on (TSE:HBM) stock is a Buy with a C$16.00 price target. To see the full list of analyst forecasts on Hudbay Minerals stock, see the TSE:HBM Stock Forecast page.

Spark’s Take on TSE:HBM Stock

According to Spark, TipRanks’ AI Analyst, TSE:HBM is a Neutral.

Hudbay Minerals’ overall stock score reflects solid financial performance and positive earnings call highlights, which are offset by mixed technical indicators and a relatively high valuation. The share repurchase program adds a positive note, but profitability margins and short-term technical weakness remain concerns.

To see Spark’s full report on TSE:HBM stock, click here.

More about Hudbay Minerals

Hudbay Minerals Inc. operates in the mining industry, focusing on the exploration, production, and development of base and precious metals. The company is known for its expertise in copper mining and has a significant presence in North America, particularly in the U.S. critical minerals supply chain.

Average Trading Volume: 1,526,515

Technical Sentiment Signal: Buy

Current Market Cap: C$5.36B

See more insights into HBM stock on TipRanks’ Stock Analysis page.