Pecoy Copper Announces C$49.8 Million Strategic Financing Led by Hudbay Minerals

VANCOUVER, British Columbia, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Pecoy Copper Corp. (“Pecoy Copper” or the “Company”) (TSXV: PCU; FSE: D5E; OTCQX: PCUUF) is pleased to announce that it has entered into subscription agreements with Hudbay Minerals Inc. (TSX, NYSE: HBM) (“Hudbay”) and an additional strategic investor (the “Strategic Investor” and, together with Hudbay, the “Investors”). Under these subscription agreements, subject to the terms and conditions thereof, Hudbay and the Strategic Investor have agreed to subscribe for 14,914,100 and 9,762,425 common shares of the Company (the “Common Shares”), respectively, on a non-brokered private placement basis at a price of C$2.02 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of approximately C$49.8 million (the “Private Placement”).