March 13 (Reuters) - Hudbay Minerals Inc HBM.TO :
* HUDBAY REACHES AGREEMENT TO PURCHASE ROSEMONT'S MINORITY JOINT VENTURE INTEREST
* HUDBAY MINERALS INC - REACHED AN AGREEMENT WITH UNITED COPPER & MOLY LLC ("UCM") TO PURCHASE UCM'S 7.95% INTEREST IN ROSEMONT PROJECT
* HUDBAY MINERALS INC - TO TERMINATE ALL OF UCM'S REMAINING EARN-IN AND OFF-TAKE RIGHTS
* HUDBAY MINERALS INC - DEAL FOR UPFRONT CASH CONSIDERATION OF US$45 MILLION, PLUS THREE ANNUAL INSTALLMENTS OF US$10 MILLION PER YEAR
* HUDBAY MINERALS - INTENDS TO EVALUATE A VARIETY OF OPTIONS, INCLUDING ADDITION OF A NEW, COMMITTED JOINT VENTURE PARTNER FOR DEVELOPMENT OF ROSEMONT
* HUDBAY MINERALS - AGREED TO RELEASE UCM FROM ANY OBLIGATIONS IN RELATION TO ROSEMONT PROJECT
* HUDBAY MINERALS INC - UCM TRANSACTION IS EXPECTED TO CLOSE NOT LATER THAN APRIL 25, 2019