Hudbay expands its reach in the Snow Lake region
Dual-listed Hudbay Minerals has marked a milestone in its growth journey by completing the acquisition of Rockcliff Metals. This move strengthens Hudbay’s position in the Snow Lake region of Manitoba, unlocking a wealth of potential and extending its footprint in the mining district.
Under the terms of the court-approved plan of arrangement, Hudbay acquired all the outstanding common shares of Rockcliff that it did not previously own. This transaction officially designates Rockcliff as a wholly owned subsidiary of Hudbay.
Prior to the acquisition, Rockcliff held a 49% joint venture partnership in Hudbay’s Talbot project. Its contribution also extends beyond Talbot. Rockcliff owns six additional deposits in the Snow Lake region, reinforcing its status as one of the biggest landholders in the mining-rich area.
“We are very excited about the completion of this logical transaction and the potential for Rockcliff’s deposits to extend the mine life and add further optionality to our operations in the Snow Lake region,” said Peter Kukielski.
The acquisition underscores Hudbay's commitment to expanding its presence in regions with significant mineral resources.
Hudbay has been stepping up efforts to expand in the Snow Lake region. The company has sealed several transactions with multiple landholders in recent times, acquiring the Cook Lake properties, a mere 10 km from, and along the same regional trend as, its Lalor mine. These properties are untested by modern deep geophysics and provide potential for a new discovery. The Cook properties are within 30 km of Hudbay’s Stall and New Britannia processing facilities.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
