Tucson, Arizona – Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced that the U.S. Army Corps of Engineers has issued a Section 404 Permit (the “404 Permit”) for Hudbay’s Rosemont Project.

“Receiving the 404 Permit brings us another step closer to building Rosemont. We’re excited to achieve this milestone and are thankful for the tremendous support that we have received,” said Andre Lauzon, Vice President of the Arizona Business Unit. “This has been a long and thorough process for both Rosemont and the community. We are pleased with the outcome and are looking forward to what’s next in the coming weeks and months.”

“We understand that this area has been highlighted as important to some, and we strive to balance the interests of the company and all stakeholders. Throughout the process, community members have shared their opinions and suggestions and their influences are reflected directly in the design of Rosemont. It has resulted in the development of a precedent setting, world-class mitigation plan where its benefits will be felt in the community far into the future,” said Lauzon. “I am excited about the opportunity and privilege to build and operate this project.”

The feedback received from the community during the permitting process –sometimes critical and often deeply felt –has resulted in significant conservation, recreational, and cultural measures at Rosemont, amounting to more than $150 million in commitments and requirements. These include:

Water:

• Build a pipeline to bring CAP water to the Sahuarita area, in partnership with Community Water Company of Green Valley. Rosemont will recharge 100% of water used throughout the life of the Project.
• Provide a well-owners protection program to residents who may be affected by changes in groundwater levels to mitigate any impacts.
• Use the dry stack method for tailing storage which reduces both water consumption and the project footprint.
• Purchase rights to a large volume of surface water in Cienega Creek to be used to enhance the biological functions of the watershed. This water is currently used on a golf course.

Community:

• Establish a permanent endowment fund to support conservation, cultural, and recreational projects in southern Arizona in perpetuity.
• Annual contributions to the community for conservation, cultural, and recreational projects.
• Pay to have tribal monitors on-site throughout the construction phase.
• Provide opportunities for tribal members to collect plants for traditional, medicinal, and ceremonial uses.
• Create an exhibit at the Rosemont Public Visitor Center describing the 7,000 years of history at the site.

Conservation:

• Conserve 3,297 acres of land through restrictive covenants that include conservation, recreation, cultural, and open space uses.
• Conserve the Sonoita Creek Ranch, a 1,580 acre property with year-round flowing water.
• Fund extensive mitigation and monitoring measures for endangered species, including big-cat camera studies such as jaguarsand ocelots.
• Remove invasive, non-native species, and create new habitats for endangered species such as the yellow-billed cuckoo and southwest willow flycatcher.
• Create water ponds for the Chiricahua leopard frogs that will provide a source of water for frogs and other wildlife.

Other Mitigation:

• Fund maintenance and improvements to State Route 83, such as additional turn and through-traffic lanes, to minimize impact to traffic.
• Fund the Smithsonian Institution to monitor sky brightness and ensure compliance with the dark skies lighting plan
• Develop off-highway vehicles trails and relocate portions of the Arizona Trail for recreational purposes.
• Reclaim perimeter berms early in construction and paint process plant buildings and other concrete structures in nonreflective earth tones to reduce visual impacts

“The receipt of the 404 permit is the result of diligent work by the Army Corps of Engineers,” said Lauzon. “We respect the work and time the Army Corps put into their review. The permit means we can all be confident that there are clear parameters to implement and operate the Rosemont Project.”

Rosemont will have significant economic benefits for southern Arizona. The capital expense to build the Project is $1.9 billion over 2.5 years and the construction will employ up to 2,500 workers. It will be one of the largest construction projects in the history of southern Arizona.

Rosemont has undergone an extensive Environmental Impact Statement process through the U.S. Forest Service and has already received the Final Record of Decision. The approval process included 17 cooperating agencies at various levels of government, 16 public hearings, over 1,000 studies, and 245 days of public comment resulting in more than 43,000 comments. Upon receipt of the final Mine Plan of Operations from the U.S. Forest Service, Rosemont will hold all required state and federal permits required to move into project development.

“When in operations, Rosemont will create over 500 jobs that pay twice the average wage in Pima County, while generating over $350 million in new tax revenues over the life of the Project,” said Lauzon. “These new revenues will help fund public safety, roads, education, and other community priority projects. We will make further announcements as we work toward building a modern project that we can all be proud of.”

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from March 3 thru 8, 2019.

RETAIL – 3955 E Speedway Blvd., TUCSON
Spencer Discount Sales, LLC leased 2,119-square-feet at 3955 E. Speedway Blvd., Suites 108 & 109 in Tucson, from Central Point Business Plaza, LP. Rob Tomlinson and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the landlord; Jon O’Shea with Vast Commercial Real Estate, represented the tenant.

OFFICE – 1848 E INNOVATION PARK DR., ORO VALLEY
Sonora Quest Laboratories renewed their lease for 2,000-square-feet at 1848 E. Innovation Park Drive in Oro Valley, from CD Gemini Properties, LLC. Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented both parties in this transaction. [mepr-show rules=”58038″]Phone: 602.685.5000 (Corporate)[/mepr-show]

OFFICE – 5285 E KNIGHT DR., TUCSON
Premier Hearing Center, LLC renewed their lease for 1,571-square-feet at 5285 E. Knight Dr. in Tucson, from TMC Holdings, Inc. Rick Kleiner, MBA, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 888.280.7114 (Corporate)[/mepr-show]

INDUSTRIAL – 3601 E 44th ST., TUCSON
Direct Embroidery, LLC leased 1,203-square-feet at 3601 E. 44th Street, Suite 104 in Tucson, from Presson Corporation. Max Fisher and Rob Glaser, SIOR, CCIM, Industrial Specialists with Cushman & Wakefield | PICOR, handled this transaction. [mepr-show rules=”58038″]Asking lease rate: $8.16 SF/YR Modified Gross[/mepr-show]

INDUSTRIAL – 3780 E 44th St., TUCSON
Clinton D. Koster leased 1,100 square feet at 3780 E. 44th St., Suite 102 in Tucson, from RR44, Inc. Max Fisher, Industrial Specialist with Cushman & Wakefield | PICOR, handled this transaction.

RETAIL – 4768 E SUNRISE DR., TUCSON
Subway Real Estate Corp., LLC leased 900 square feet at 4768 E. Sunrise Dr. in Tucson, from Sunrise Village Investors, LLC. Dave Hammack, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. [mepr-show rules=”58038″]Phone: 713.528.9688 (Corporate)[/mepr-show]

The following commercial leases were reported to the Real Estate Daily News for the Phoenix Lease Report from March 3 thru 8, 2019.

RETAIL – Valvoline Instant Oil Change Finalizes Gilbert Store
Dave Cheatham, Darren Pitts, and Brian Harpel of Velocity Retail represented Valvoline Instant Oil Change on a ground lease of approximately 34,850-square-feet of land at the northeast corner of Pecos and Val Vista Roads in Gilbert.  VOIC will build their 2,100-square-foot prototype building. Brian Gast, also of Velocity Retail represented the Landlord, WNDG, LLC in the transaction.

RETAIL – Tempe Vacant Big Box to Become Central Christian Church
Brian Gast of Velocity Retail Group represented the Tenant, Central Christian Church in a 17,200-square-foot lease in Royal Palms Plaza located at the southeast corner of Elliot Road and McClintock Road in Tempe, Arizona.   The Landlord was Michael Pollack of Pollack Investments, Mesa, Arizona.  The church signed a ten-year lease in the shopping center and is expected to open in August of 2019.  This will be their sixth location in the Valley.

RETAIL – Scottsdale Big Box to Become Kitchen United
Darren Pitts, Brian Gast and Brad Ranly of Velocity Retail Group represented the Landlord, C & H Development Company in 14,412-square-foot lease at Scottsdale Commons shopping center located at the southwest corner of Shea Boulevard and Scottsdale Road. Kitchen United, Inc. will be occupying the vacant space adjacent to BevMo.  The tenant was represented by Todd Folger and Jami Gray from CBRE.

INDUSTRIAL – 2210 & 2218 E. Adams St., Phoenix
NAI Horizon’s Jay Olson represented the landlord, Gerald M. Olson and Diane M. Olson, in a 61-month industrial lease for 7,850-square-feet at 2210 & 2218 E. Adams St., Phoenix, AZ. Max Schumacher with Rein & Grossoehme represented the tenant, Short Equipment, Inc.

OFFICE – 2525 W. Frye Rd., Chandler
NAI Horizon’s Laurel Lewis represented the tenant, Medicus IT, LLC, in a 77-month office lease for 7,303-square-feet at 2525 W. Frye Rd., Chandler, AZ. Mike Beale with Cushman & Wakefield represented the landlord, Frye Road Two, LLC.

RETAIL – Lure Fish House Enters Arizona Market
Southern California-based Lure Fish House is expanding to the State of Arizona.  Velocity Retail Group’s Darren Pitts, Morgan Danhoff and Bret Olson are representing the tenant in the market launch.  The team has recently finalized the first store at The Shops at Gainey Village, located at the southeast corner of Doubletree Ranch Road and Scottsdale Road.  This will be the fifth location for the popular restaurant.  The new 6,336-square-foot restaurant will be in Suite 402 situated at the main entrance to the center and fronting Scottsdale Road. The opening is scheduled for the Fall of 2019.

RETAIL – My Salon Suite Expands in Gilbert
Dave Cheatham and Bret Olson of Velocity Retail represented My Salon Suite in a 5,972-square-foot location at the southeast corner of Germann and Gilbert Roads in Gilbert, AZ in the Crossroads Towne Center.  The shop is expected to open in April 2019.  The Landlord was Mark IV Capital was represented by Western Retail Advisors.

OFFICE – 20470 N. Lake Pleasant Rd., Peoria
NAI Horizon’s Tyler Smith represented the landlord, Sun Grove Medical, LLC, in an 84-month office lease for 5,045-square-feet at 20470 N. Lake Pleasant Rd., Peoria, AZ. Randy Kicklighter with Green Street Commercial represented the tenant, T.E.A.M. 4 Kids, LLC.

RETAIL – 1840 E. Warner Rd., Tempe
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in an 87-month retail lease for 4,065-square-feet at 1840 E. Warner Rd., Tempe, AZ. Sean Bishop with Lee & Associates represented the tenant, Plato’s Closet.

RETAIL – High Street Gains Four New Tenants
The Velocity team of Darren Pitts, Brian Gast and Dean Ingram represented the Landlord, High Street Buildings, LLC in four recent leases.  Among the tenants are three restaurants including a new concept for a boozy breakfast and brunch and an alternative sports performance studio.
Following is a description of each retailer:

• Hula’s Modern Tiki restaurant will soon be opening their third locally owned location in the Phoenix area.  They will be occupying 3,860-square-feet in the 5450 E. High Street building directly across the drive from Modern Margarita. For years Hula’s has been offering a modern twist on the classic tiki bars and restaurants of the 50’s and 60’s.  The extensive menu is a fusion of Polynesian and American flavors and has something for everyone.  Cushman & Wakefield’s Adam Madison represented the tenant in the transaction.  [www.hulasmoderntiki.com]hulasmoderntiki.com
• Inchin Bamboo Garden, a sit-down Pan Asian cuisine concept will be occupying 3,000-square-feet directly across the drive from Sprouts.  The national restaurant with several locations throughout the U.S. offers “feel good” street food with the influence of flavors from the finest restaurants found within the big cities of China.  They also serve Halal Food and offer an extensive menu.  [www.bamboo-gardens.com]bamboo-gardens.com
• Boozy Breakfast will occupy 4,000-square-feet across the drive from Ocean Prime.  The restaurant was created by an already successful local breakfast and lunch operator that has mainly focused on the business crowd. They will have a new spin on breakfast, brunch and lunch while complementing the meals with cocktails, mimosa’s and other offerings.
• From Energy will open in 1,800-square-feet and is a wellness, beauty and performance studio that delivers energy to the human body through an artificial intelligence guided technology.  They focus on all natural alternatives to beauty as opposed to Botox and surgeries, helping their clients look beautiful and perform better from within.  The concept was founded by former professional athletes with an impressive list of sports-oriented clientele.  fromenergy.com

RETAIL – 3415 W. Glendale Ave., Glendale
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Top Laundry, LLC, in a 120-month retail lease for 3,000-square-feet at 3415 W. Glendale Ave., Glendale, AZ. Donna Reece with Zell Commercial Real Estate Services, Inc. represented the landlord, Pro’s Ranch Market, LLC.

OFFICE – 4515 S. McClintock, Tempe
NAI Horizon’s Tom Bean, CCIM, represented the landlord, Tempe CC, LLC, in a 36-month office lease for 2,780-square-feet at 4515 S. McClintock, Tempe, AZ. Matt Cummings with Keyser represented the tenant, Caerus Marketing Group, LLC.

OFFICE – 1626 North Litchfield Rd., Goodyear
NAI Horizon’s Tyler Smith represented the landlord, Pacifica Palm Valley Center, LP, in a 38-month office lease for 2,342-square-feet at 1626 North Litchfield Rd., Goodyear, AZ. Phil Tomlinson with Commercial Properties, Inc. represented the tenant, Libertas Real Estate, LLC.

OFFICE – 201 W. Guadalupe Rd., Gilbert
NAI Horizon’s Joan Krueger represented the tenant, Regenerative Performance, PLLC, in a 62-month medical office lease for 2,200-square-feet at 201 W. Guadalupe Rd., Gilbert, AZ. Steve Berghoff with Menlo Group represented the landlord, GilbertAZ Properties, LLC.

RETAIL – 1241 E. Broadway Rd., Mesa
NAI Horizon’s Matt Harper, CCIM, represented the landlord, Hillcrest Plaza, LLC, in a 37-month retail lease for 2,100-square-feet at 1241 E. Broadway Rd., Mesa, AZ. The tenant, Touch of Love Church, UHCA, represented themselves.

OFFICE – 3200 N. Central Ave., Phoenix
NAI Horizon’s Tyler Smith, Joe Pequeno and Troy Giammarco represented the tenant, Hynes Benefit Consulting, LLC, in a 66-month office lease for 1,584-square-feet at 3200 N. Central Ave., Phoenix, AZ. Jimmy Cornish with CBRE represented the landlord, ROC III, DPC 3200 North Central, LLC.

RETAIL – Kay Jewelers to Open in Avondale
Velocity Retail’s Dave Cheatham and Morgan Danhoff represented the tenant, Sterling Jewelers Inc, the parent company of Kay Jewelers on a 1,504-square-foot lease at Gateway Pavilions shopping center located at the northwest corner of McDowell Road and 99^th Avenue.  Western Retail Advisors represented the Landlord, RPAI Southwest in the trandsaction.

RETAIL – Sharetea Bubble Tea Shop to Open 1^st Arizona Location
Brian Gast and Brad Ranly of Velocity Retail  represented the Landlord, Ethan Christopher, LLC in negotiating a 1,080 square foot lease to Sharetea Bubble Tea Shop.  This is the first location in Arizona for the international concept which can be found in 18 countries and 9 states throughout the U.S.  www.1992sharetea.com

RETAIL – SOUTHERN & MILL AND MISSOURI & 7^TH AVE. PHOENIX
d’Lite Healthy On The Go Expands to Tempe and Phoenix
Brian Gast of Velocity Retail represented the Landlord, Ethan Christopher, LLC in negotiating a lease to d’Lite Healthy On The Go for 2,000-square-feet at the southeast corner of Southern and Mill Avenue.  The location is expected to open in June of this year.

• A second location was negotiated at the northwest corner of Missouri and 7^th Avenue for 3,620-square-feet.  The Landlord, F & S Management II, LLC was represented by Brian Gast.  The new restaurant is expected to open in April of this year.

RETAIL – 41620 W. Maricopa-Casa Grande Highway, Maricopa
NAI Horizon’s Chris Gerow and Patrick Anthon represented the landlord, The Pendola Family Trusts Partnership, in a 72-month retail lease for 1,300-square-feet at 41620 W. Maricopa-Casa Grande Highway, Maricopa, AZ. Tom Wolf with West USA Realty Scottsdale represented the tenant, Troy and Kathy Mauser.

OFFICE – 18001 N. 70^th Ave., Glendale
NAI Horizon’s Tyler Smith represented the landlord, Arrowhead 79^th, LLC, in a 60-month office lease for 1,276-square-feet at 18001 N. 70^th Ave., Glendale, AZ. Kristi Phelps-Miller with DPR Commercial represented the tenant, Rise Above Support Services, LLC.

RETAIL – 11001 N. 99^th Ave., Peoria
NAI Horizon’s Matt Harper, CCIM, represented the landlord, Grand Center Plaza, LLC, in a 37-month retail lease for 1,107-square-feet at 11001 N. 99^th Ave., Peoria, AZ. The tenant, Jewel’s Hair, LLC, represented themselves.

RETAIL – 1840 W. Warner Rd., Tempe
NAI Horizon’s Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF, LLC, in a 60-month retail lease with To the Nines Barbershop for 1,100-square-feet at 1840 W. Warner Rd., Tempe, AZ.

OFFICE – 3240 E. Union Hills Dr., Phoenix
NAI Horizon’s Dylan Whitwer and Laurel Lewis represented the tenant, Edefi Solutions, LLC, in a 37-month office lease for 840-square-feet at 3240 E. Union Hills Dr., Phoenix, AZ. Michael Scott with MAS-9375 represented the landlord, Union Hills Centre c/o MAS-9375.

RETAIL – 3601 W CAMELBACK RD, PHOENIX,
A lease for 800 square feet in GC Plaza to Glam Divine Boutique was recently consummated.  The location of the property is 3601 W Camelback Rd. in Phoenix, AZ.  The owner of the center is JARM, LLC.  Nic Chavira of Rein and Grossoehme Commercial Real Estate represented the owner and the tenant.

RETAIL – 4170 N. 35^th Ave., Phoenix
NAI Horizon’s Matt Harper, CCIM, represented the landlord, Semo Venture Group, in a 13-month retail lease for 750-square-feet at 4170 N. 35^th Ave., Phoenix, AZ. The tenant, Latino Money Services, represented themselves.

OFFICE – 2266 S. Dobson Rd., Mesa
NAI Horizon’s Dylan Whitwer and Laurel Lewis represented the tenant, Waste Technology Services, Inc., in a 36-month office lease at 2266 S. Dobson Rd., Mesa, AZ. The landlord, Regus, represented itself.

OFFICE – 21640 N. 19^th Ave., Phoenix
NAI Horizon’s Dylan Whitwer and Laurel Lewis represented the tenant, David Aitchison, in a 12-month office lease for 450-square-feet at 21640 N. 19^th Ave., Phoenix, AZ. The landlord, Garden Acres Partnership, LLC, represented themselves.

RETAIL – 1241 E. Broadway Rd., Mesa
NAI Horizon’s Matt, Harper, CCIM, represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 420-square-feet at 1241 E. Broadway Rd., Mesa, AZ. The tenant, Jorge Velasco Garcia & Esperanza Maqueda Ramon, represented themselves.