TORONTO, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) ( TSX, NYSE: HBM) is pleased to announce that it has received an Air Quality Permit for the Copper World project (“Copper World”) from the Arizona Department of Environmental Quality (“ADEQ”).

The issuance of this permit is a significant milestone in the advancement of the project as it is the final major permit required for the development and operation of Copper World. Copper World is expected to produce 85,000 tonnes of copper per year over an initial 20-year mine life. All amounts are in U.

S. dollars, unless otherwise noted. “With the receipt of the Air Quality Permit for Copper World, we firmly believe Hudbay now has the best fully permitted copper development project in the Americas,” said Peter Kukielski, President and Chief Executive Officer.

“We have completed one of the three key prerequisites in our sanctioning plan for Copper World, and we intend to advance feasibility studies and our prudent financial strategy throughout 2025 as we work toward a sanctioning decision in 2026. Copper World is expected to increase Hudbay’s consolidated annual copper production by more than 50% from current levels, and the project will be a key contributor to the domestic U.S.

supply chain with our plans to produce Made-in-America copper.” Mr. Kukielski added, “Today, Hudbay is the fourth largest copper producer listed on the NYSE and a majority of our institutional.