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02.03.26 - 12:03
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Hudbay to Acquire Arizona Sonoran Creating the Third Largest Copper District in North America (GlobeNewswire EN)
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TORONTO, March 02, 2026 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay”) (TSX, NYSE: HBM) and Arizona Sonoran Copper Company Inc. (“ASCU”) (TSX: ASCU; OTCQX: ASCUF) are pleased to announce that they have entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Hudbay has agreed to acquire all of the issued and outstanding common shares of ASCU, not already owned by Hudbay, for consideration of 0.242 of a common share of Hudbay per common share of ASCU (the “Transaction”). The offer implies a value of C$9.35 per ASCU share based on Hudbay's closing share price on the Toronto Stock Exchange (“TSX”) on February 27, 2026, and represents a premium of 30% to ASCU's closing share price on February 27, 2026. The offer implies a premium of 36% based on Hudbay's and ASCU's 20-day volume-weighted-average share prices ("VWAP") on the TSX for the period ending February 27, 2026. The Transaction will result in Hudbay owning a 100% interest in ASCU's Cac...
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21.01.26 - 12:33
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Arizona Sonoran Announces the Appointment of Bill Washington as Non-Executive Director (Business Wire)
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CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)--$ASCU #AZmining--Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer, today announces that Bill Washington has joined its Board of Directors as a non-executive director. Additionally, Alison Dwoskin has been promoted to Vice President, Investor Relations.
David Laing, Arizona Sonoran Chairman commented, “It is with pleasure that we welcome Bill Washington to our Board of Directors and recognize Alison's accomplishments. As we transition towards the development stage at Cactus, Bill's expertise with capital markets, strategic leadership and capital allocation strategy will complement our current board's expertise. We look forward to working with the board and management in the execution of our strategic plans to target first copper cathode production in the second half of 2029.”
Bill Washington is an accomplished finance professional with 32 years of experience both leading and building...
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02.12.25 - 14:30
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Arizona Sonoran Announces Closing of C$86.3 Million “Bought Deal” Private Placement of Shares (Business Wire)
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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
TORONTO--(BUSINESS WIRE)--$ASCU #Arizona--Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), announces that the Company has closed its previously announced private placement of common shares of the Company (the “Common Shares”), pursuant to which the Company issued, on a “bought deal” basis, 25,746,300 Common Shares, including 3,358,200 Common Shares issued pursuant to the exercise in full of the option granted to the Underwriters (as defined herein), at a price of $3.35 per Common Share, for aggregate gross proceeds of C$86,250,105 (the “Private Placement”).
The Private Placement was completed pursuant to an underwriting agreement dated December 2, 2025 entered into among the Company and a syndicate of underwriters led by Canaccord Genuity Corp., as lead underwriter and sole bookrunner, and including Desjardins Securities Inc., Paradigm Capital Inc.,...
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19.11.25 - 12:36
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Arizona Sonoran Cactus Project PFS Technical Report Reporting Post-Tax NPV8 of US$2.30 Billion and IRR of 22.8% is now Filed (Business Wire)
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CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)--$ASCU #Arizona--Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) has filed the Cactus Project NI 43-101 Pre-feasibility Study (“PFS”) technical report on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile and is also available on the company website (www.arizonasonoran.com). Per the Company's press release dated OCT 20, 2025, the PFS outlines a long-life, economically viable conventional copper operation utilizing open-pit mining and heap leach SXEW processing to produce LME Grade A copper cathode onsite for a meaningful contribution to refined copper supply in the U.S.A. All dollar amounts referenced herein are U.S. dollars, and all references to tons are imperial or short tons, unless otherwise noted; 1 short ton equals approximately 0.91 metric tonnes.
Highlights include:
- Simple open‑pit / conventional SXEW operation producing approximately 103,000 tonnes (226 million lbs) of estimated avera...
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