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09 Feb
13:40

COPPER: Nova Royalty completes royalty deal on Hudbay Minerals projects

Royalty company Nova Royalty says it has completed its $5.5 million acquisition of an existing 0.135% net smelter royalty on Hudbay Minerals’ Copper World and Rosemont copper projects in Arizona, Kallanish reports. Nova, with headquarters in Vancouver, British Columbia, has also been granted a right of first refusal in respect to an additional 0.540% NSR covering the same area as the royalty. The aggregate purchase price includes $1m in cash and $0.5m in com…
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