Following the completion of the proposed acquisition, which values Copper Mountain shares at $2.67 apiece and represents a 23 per cent premium as of April 12, Toronto-based Hudbay said it will become one of Canada’s largest copper mining companies. (The Logic)

Talking point: Hudbay’s push to expand its copper footprint underscores the growing demand for the metals required to develop electronics or various components in green energy infrastructure. In a press release, the company said it believed it could harness US$30 million in “operating efficiencies” from the deal. Vancouver’s Copper Mountain operates a mine in B.C. that has struggled to meet production targets, with output falling by nearly half in the last year. Environmentalists in both the U.S. and Canada have raised concerns over Copper Mountain and other mines in southern B.C. that they believe pose a threat to local ecology.