Hudbay has granted Marubeni an option to acquire a 20% interest in three projects located within  trucking distance of Hudbay's  processing facilities in Flin Flon. The exploration activities will be funded by Marubeni  and carried out by Hudbay. All three properties hold past producing mines that generated meaningful  production with  attractive grades of both base metals and precious metals. The properties remain highly prospective  with potential for further  discovery based on the attractive geological setting, limited historial deep drilling and promising geochemical and geophysical tarfets.

The Agreement focuses on three projects in the Flin Flon  region, namely Cuprus-White Lake, Westarm and North Star, which were selected by Marubeni, are all within  20 kilometres  of Hudbay's Flin Flon milling complex.

Marubeni Corporation  is a major Japanese integrated  trading and investment business conglomerate  that handles products and provides services in a broad range of business activities across wide -ranging fields.