BALMAT Sale of HudBay Minerals zinc operation to Wildcat Zinc remains on hold.
Were still working on financing. Were still talking to HudBay, Wildcat CEO Michael L. Hoffman said. Its a tough time to get financing.
On April 22, OMT Inc. and New York Zinc a venture of the Canadian companies OMT Inc. and New York Zinc signed a letter of intent for a business amalgamation under which HudBay would sell the zinc mines for $14 million.
HudBay closed the mines in 2008.