M&A Deal Summary

HudBay Acquires Rockcliff Metals

On June 19, 2023, HudBay acquired metals/mining company Rockcliff Metals for 13M USD

Acquisition Highlights
  • This is HudBay’s 4th transaction in the Metals/Mining sector.
  • This is HudBay’s 3rd largest (disclosed) transaction.
  • This is HudBay’s 4th transaction in Canada.
  • This is HudBay’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2023-06-19
Target Rockcliff Metals
Sector Metals/Mining
Buyer(s) HudBay
Deal Type Add-on Acquisition
Deal Value 13M USD
Advisor(s) INFOR Financial (Financial)
Peterson McVicar LLP (Legal)

Target

Rockcliff Metals

Toronto, Ontario, Canada
Rockcliff Metals is a Canadian explorer in the Flin Flon-Snow Lake greenstone belt, Manitoba, home to the Paleoproterozoic VMS district in the world hosting mines and deposits that contain copper, zinc, gold, and silver. It is a junior landholder of the area, controlling over 4,000 square kilometers in total. Its extensive portfolio of properties includes some of the highest-grade, undeveloped VMS deposits. Rockcliff Metals was formed in 2005 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

HudBay

Toronto, Ontario, Canada

Category Company
Sector Metals/Mining
Employees2,233
Revenue 1.7B USD (2023)
DESCRIPTION

HudBay is an integrated mining company with assets in North and South America principally focused on the discovery, production and marketing of base and precious metals. HudBay is headquartered in Toronto, Canada.


DEAL STATS #
Overall 4 of 4
Sector (Metals/Mining) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Ontario) 2 of 2
Country (Canada) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Mason Resources

Vancouver, British Columbia, Canada

Mason Resources Corp. is a well-funded Canadian company focused on copper exploration and development in the U.S.A. The company’s key asset is its 100% owned Ann Mason project – an extensive, prospective land package located in the Yerington District of Nevada. The Ann Mason project hosts two copper-molybdenum porphyry deposits, Ann Mason and Blue Hill, as well as numerous earlier-stage or untested priority targets. The Ann Mason deposit is currently at a PEA level and is among the largest undeveloped copper porphyry resources in Canada/U.S.A. The excellent infrastructure, year-round access, strong community support, and clear permitting process are all factors that contribute to making Yerington, Nevada one of the best mining jurisdictions in the world. Mason also holds a 100% interest in the Lordsburg property, an exciting earlier-stage copper-gold porphyry project, located within a historic mining district in New Mexico.

Buy $31M