Taseko Mines Ltd T.TKO

Taseko Mines: Court of Appeal Decides in Favor of Florence C

[EStreet]

.TKO | 1 hour ago

Canada NewsWire
VANCOUVER, BC , March 23, 2021 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that a decision released today by the Arizona Court of Appeals has confirmed all aspects of the Superior Court of Arizona's (lower court) 2019 decision in favor of Florence Copper , rejected every argument made by the Town of Florence's lawyers in their appeal of the lower court's ruling, upheld Florence Copper's right to mine its private property within the Town, and confirmed the awarding of $1.7 million in legal fees and costs to Florence Copper .

"We are certainly happy with the appellate court decision which draws to a close all outstanding litigation brought by the Town," said Stuart McDonald , President of Taseko. "While it is the outcome we expected, the closure this decision brings is important for not only for the Company, but for all those who benefit from the social and economic contribution we are making to the region."

Today's decision marks the latest in a series of important milestones:

• The legal challenges initiated by previous Town Councils have run their course with every decision in Florence Copper's favor.
• One of the two key permits necessary for commercial operations has been granted by the Arizona Department of Environmental Quality, and the federal Environmental Protection Agency is taking the final steps required to issue the second key operating permit.
• The success of the recent bond offering means capital requirements for commercial production are in hand.
• Final design and engineering of the commercial in-situ production facility as well as procurement of certain critical components is underway.

Russell Hallbauer
Chief Executive Officer and Director

Taseko Mines: Court of Appeal Decides in Favor of Florence Copper | 2021-03-23 | Press Releases | Stockhouse

[BigCountry]

"The success of the recent bond offering means capital requirements for commercial production are in hand" What does this mean?

[JCSunsfan]

Well.  Is Russ exaggerating or did he let something slip?  He just said they have the capital for the Florence build.  No mention of a JV.   That's bigger news than the court win.  All the Town was really appealing was the requirement that they pay court costs.  That's another $2 mil usd in the coffers.  

[nofluff]

Also the right to mine on there private land inside town boundaries should make it easy to upsize the project. 4.00 copper held. Could b a good tko day. nf

[2024golden]

GOOD NEWS! Should make a nice up...and this opens the way for final permit!!