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Taseko Receives Approvals for US$100 Million in Additional Financing for Florence Copper

Newswire.ca - Mon Nov 6, 2023

VANCOUVER, BC, Nov. 6, 2023 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to provide an update on two additional financing transactions, totalling US$100 million, for its Florence Copper Project in Arizona, USA. The Company has been notified that Taurus Mining Royalty Fund L.P. ("Taurus") has obtained investment committee approval for a US$50 million royalty, and Societe Generale has received credit approval for a US$50 million senior secured debt facility. Upon closing and satisfaction of conditions precedent, proceeds from these project level financings will be available to Florence Copper to fund the construction and development of the commercial production facility.

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