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Hudbay Minerals Prices $52 Million Solid Waste Disposal Revenue Bonds

BY MT Newswires | MUNICIPAL | 05:13 PM EDT

05:13 PM EDT, 06/17/2026 (MT Newswires) -- Hudbay Minerals (HBM) said Wednesday it has priced an offering of $52 million in 4.50% solid waste disposal revenue bonds for the Copper World project.

The Arizona Industrial Development Authority will issue the bonds with an initial mandatory tender date of July 2, 2036, the company said.

The authority will lend the gross proceeds to Copper World to finance eligible expenditures at the Pima County, Arizona, project and to fund capitalized interest, it added.

Hudbay and certain units will guarantee the bond obligations, with the transaction expected to close June 24, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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