HudBay Minerals (HBM-T, HBMFF-O) and aspiring nickel producer Skye Resources (SKR-T, SKRZF-O) are combining forces, expanding Hud-Bay's zinc and copper portfolio into nickel. Skye's flagship asset is its past-producing Fenix nickel laterite project, in eastern Guatemala. Under the proposed transaction, one Skye share will be exchanged for 0.61 of a HudBay share. The deal represents a 35 percent premium over Skye's 20-day volume-weighted average trading price and a 17 percent premium over Skye's closing price on June 20.
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