Hudbay and Multiple Labor Unions Announce Project Labor Agreement Letter of Intent to Support Copper World Mine Project

Copper World, Inc. jointly announces the signing and acceptance of a Letter of Intent with several unions, including The International Brotherhood of Boilermakers, Iron Ship Builders, Forgers and Helpers Local 627; The Laborers International Union of North America Local 1184; and The United Brotherhood of Carpenters and Joiners of America Local 1912. The letter outlines the intention to enter into a mutually acceptable Project Labor Agreement for the construction of the Copper World Mine in Pima County, Arizona .

"We recognize and acknowledge the skill and professionalism of local construction unions," said Javier Del Rio , Hudbay's SVP of South America and the USA , "Recognizing how substantial the construction of this project will be, we are delighted to have our construction team include their trained and able workforce."

"Boilermakers Local 627 has been a chartered union in Arizona since 1937. The skills and abilities of Boilermakers have supported heavy industrial projects in Arizona and have supported generations of construction workers with good wages and benefits. Having a Project Labor Agreement on this project will ensure a local workforce is trained and benefits from this project remain in our community. Local 627 looks forward to working to build the Copper World Mine," said Jacob Evenson , Business Manager of Boilermakers Local 627.

" Arizona's population is ever growing and projects such as the Copper World Mine are essential to working families. The Copper World Mine project will provide local jobs, higher wages and benefits for workers and their families. We are delighted that Copper World Inc is committed to investing in our community and in union labor. Union labor guarantees fair wages and provides skilled workers committed to building quality projects that are built to last," said Fabian Sandez , President of Carpenters Local Union 1912.

"Copper is key to a transition to a clean energy future. The Copper World Mine will not only help us transition to that future but having a PLA on this project will ensure our workers have a future in Southern Arizona . Our Laborers are the best trained workers in the construction industry and are experts at building out mining operations. We look forward to getting to work building this mine and ensuring it is a jewel in the crown of Arizona ," said Michael Dea , Business Manager of Laborers Union Local 1184.

The Copper World Mine, located 19 miles south of Tucson , is one of the largest non-government-funded construction projects in Southern Arizona history and will be a crucial part of Arizona's contributions to materials needed for the green economy. The Copper World project is expected to generate significant benefits for the community and local economy in Arizona . Over the anticipated 20-year life in the proposed first phase of operation, the company expects to contribute more than $850 million in U.S. taxes, including approximately $170 million in taxes to the state of Arizona . Hudbay also expects Copper World to create more than 400 direct jobs and up to 3,000 indirect jobs in Arizona . Copper World will offer competitive wages and benefits and the company intends to engage in partnerships with local apprenticeship readiness programs and community-based workforce training programs across the skilled and technical levels to fill and maintain all positions. The project is also expected to generate approximately $250 million in property taxes over the 20-year mine life.

Copper World will be a key contributor to the domestic U.S. supply chain with the company's intention to produce "Made in America" copper cathode by building a concentrate leach processing facility in the fourth year of operations. Local production of copper cathode would reduce the operation's total energy requirements, and lower greenhouse gas and sulfur emissions by eliminating overseas shipping, smelting and refining activities relating to processing copper concentrate. Copper World is an attractive copper growth project for Hudbay and its stakeholders, which will bring many benefits to the community and local economy in Arizona .

About Hudbay
Hudbay (TSX, NYSE: HBM) is a copper-focused mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada , Peru and the United States .

Hudbay's operating portfolio includes the Constancia mine in Cusco ( Peru ), the Snow Lake operations in Manitoba (Canada ) and the Copper Mountain mine in British Columbia (Canada ). Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay's growth pipeline includes the Copper World project in Arizona ( United States ), the Mason project in Nevada ( United States ), the Llaguen project in La Libertad ( Peru ) and several expansion and exploration opportunities near its existing operations.

The value Hudbay creates and the impact it has is embodied in its purpose statement: "We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities." Hudbay's mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations.

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SOURCE Hudbay Minerals

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Finlay Minerals Appoints an Executive Chairman, President & CEO, and Vice President, Corporate Development

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that it has appointed Robert F. Brown as Executive Chairman of the Board, and Ilona Barakso Lindsay as President & Chief Executive Officer. Mr. Brown and Ms. Lindsay formerly held the positions of President & CEO, and Vice President Corporate Relations, respectively. Both Mr. Brown and Ms. Lindsay also continue to be directors of Finlay.

The Company is further pleased to announce the appointment and to welcome Susan Flasha as Vice President, Corporate Development. Ms. Flasha has held positions with Brixton Metals in Corporate Development and as Senior Geologist where she established partnerships with BHP Group Ltd. and Eldorado Gold Corp., and Pretium Resources as Senior Project Geologist for the Brucejack Mine and Bowser Regional Exploration program. Ms. Flasha holds a Master of Science degree in Geological Sciences from Queen's University.

Gord Steblin continues as Chief Financial Officer and Wade Barnes as Vice President, Exploration of the Company. The Company recognizes and thanks them both for their continued efforts and support as we advance Finlay.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/12/c3343.html

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Hudbay and Multiple Labor Unions Announce Project Labor Agreement Letter of Intent to Support Copper World Mine Project

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