1. Waterton Sends Letter to Hudbay Shareholders Highlighting Entrenchment and Track Record of Poor Strategic Decision-Making of Hudbay’s Board

    Waterton Sends Letter to Hudbay Shareholders Highlighting Entrenchment and Track Record of Poor Strategic Decision-Making of Hudbay’s Board

    Waterton Precious Metals Fund II Cayman, LP (“ Waterton Mining LP “) and Waterton Mining Parallel Fund Offshore Master, LP (“ Waterton Fund II “), each of which are managed by Waterton Global Resource Management, Inc. (“ WGRM “, and collectively with Waterton Mining LP and Waterton Fund II, “ Waterton “), owning in the aggregate 12.09% of the issued and outstanding common shares (the “ Shares “) of Hudbay Minerals Inc. (“ Hudbay ” or the “ Company “) (TSX: HBM) (NYSE: HBM), today filed an information circular (the “ Waterton Circular “) and issued a letter to shareholders of the Company (the Shareholders ) in connection with its nomination of independent ...

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