Hudbay minerals received a favorable decision from the U.S. District Court for the District of Arizona relating to their Copper World
project in Arizona. The District Court ruled in favour of Hudbay on all issues including that Copper World and Rosemont are not
connected under the National Environmental Policy Act and therefore the Army Corps of Engineers does not have an obligation to
include Copper World as part of its Policy Act review of Rosemont. The District Court also granted Hudbay’s motion to dismiss the
Copper World preliminary injunction request filed by the plaintiffs in the two lawsuits challenging the Section 404 Clean Water Act
permit for Rosemont on the basis that the lawsuits are moot after the company surrendered its 404 permit back to the Corp in April.
The Corp has never determined that there are jurisdictional waters of the U.S. on the Copper World site and Hudbay has
independently concluded through its own scientific analysis that there are no such waters in the area.
This past April the company commenced early site work at Copper World with initial grading and clearing
activities continuing at site. The company also continues exploration and technical work at site with seven drill
rigs conducting infill drilling and supporting future feasibility studies on what they expect to be a low cost long
life copper project.