Taseko Mines Secures $150 Million Financing for Growth Initiatives

Taseko Mines Announces Financing Agreement
Taseko Mines Limited (TSX: TKO; NYSE: TGB; LSE: TKO), a key player in the mining industry, has shared exciting news regarding its recent financing initiative. The Vancouver-based company has entered into a significant agreement with BMO Capital Markets and Canaccord Genuity Corp. as co-lead managers, along with National Bank Financial Inc. These firms are acting as joint bookrunners on behalf of a syndicate of underwriters.
Details of the Offering
Common Shares Purchase
The agreement comprises the purchase of 37,100,000 common shares at a remarkable price of US$4.05 per share. This move is set to generate gross proceeds amounting to US$150,255,000. Additionally, Taseko has provided the underwriters with an option to purchase up to an additional 15% of the Offering to accommodate any over-allotments during the next 30 days post-closing.
Purpose of Proceeds
The net proceeds raised through this offering will be strategically utilized to repay outstanding debts under the company's revolving credit facility. Furthermore, these funds will support general corporate purposes and enhance working capital, positioning Taseko for sustained growth in the competitive mining sector.
Closing Expectations
The anticipated closing date for this offering is set on or about October 22, 2025, subject to customary closing conditions. This includes necessary approvals from the relevant stock exchanges, including the Toronto Stock Exchange and the NYSE American. The team's careful planning and execution ensure that Taseko is on track to leverage this opportunity effectively.
Regulatory Compliance and Documentation
Filing of Prospectus Supplement
To facilitate the offering, Taseko Mines will file a prospectus supplement to its short form base shelf prospectus dated June 30, 2025. This essential document will be made available through the appropriate securities regulatory authorities across Canadian provinces and territories, excluding Quebec and Nunavut. Additionally, it will be filed with the U.S. Securities and Exchange Commission as part of an effective registration statement.
Access to Documentation
Investors interested in the details of Taseko's offerings can find the Base Shelf Prospectus and the Registration Statement accessible on Taseko's issuer profile on SEDAR+ and EDGAR. Copies of these documents, along with related prospectus supplements, can be requested from BMO Capital Markets and their distribution centers in Canada and the United States.
Investor Contact Information
For any inquiries regarding this financing initiative, investors can reach out to Brian Bergot, Vice President of Investor Relations, at 778-373-4554. Stuart McDonald, the President and CEO of Taseko, is also available for further discussions about the company's strategic direction and financial health.
Safeguarding Investor Interests
Taseko Mines emphasizes that this announcement does not constitute an offer to sell or a solicitation to buy common shares in any jurisdiction where such actions would be illegal without proper registration or qualification. Investors are always encouraged to conduct thorough research and read all related documentation prior to making investment decisions.
Frequently Asked Questions
What is the total amount raised through the financing deal?
Taseko Mines aims to raise a total of US$150,255,000 through this financing agreement.
What will the proceeds from the offering be used for?
The proceeds are intended for repaying outstanding debt, general corporate purposes, and enhancing working capital.
Who are the lead managers for this offering?
BMO Capital Markets and Canaccord Genuity Corp. are acting as co-lead managers.
When is the expected closing date for the offering?
The offering is expected to close on or about October 22, 2025.
Where can investors access the related documentation?
Investors can find access to the Base Shelf Prospectus and related documents on the SEDAR+ and EDGAR websites.
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