TKO Taseko Mines Limited

 
TIDMTKO 
 
Taseko Mines: Court of Appeal Decides in Favor of Florence Copper 
 
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 
 
No regulatory authority has approved or disapproved of the information 
contained in this news release. 
 
The Notes have not and will not be registered under the U.S. Securities Act of 
1933, as amended (the "Securities Act"), or the securities laws of any other 
jurisdiction. The Notes have not and will not be qualified by a prospectus in 
Canada. Unless registered or qualified by a prospectus, the Notes may be 
offered and sold, only in transactions that are exempt from registration 
requirements and from prospectus qualification under Canadian securities laws. 
In the United States, the Notes were offered and sold, only to persons 
reasonably believed to be "qualified institutional buyers" (as defined in Rule 
144A under the Securities Act) and outside the United States, to non-U.S. 
persons in compliance with Regulation S under the Securities Act. 
 
This press release is neither an offer to sell nor the solicitation of an offer 
to buy the Notes, the Existing Notes or any other securities and shall not 
constitute an offer to sell or solicitation of an offer to buy, or a sale of, 
the Notes, the Existing Notes or any other securities in any jurisdiction in 
which such offer, solicitation or sale is unlawful. This press release does not 
constitute a notice of redemption with respect to the Existing Notes. 
 
CAUTION REGARDING FORWARD-LOOKING INFORMATION 
 
This document contains forward-looking statements and forward-looking 
information (collectively referred to as "forward-looking statements") within 
the meaning of applicable Canadian securities legislation and the United States 
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities 
Act and 21E of the U.S. Securities Exchange Act of 1934, as amended, which may 
not be based on historical fact, including without limitation statements 
regarding Taseko's expectations in respect of future financial position, 
business strategy, future production, reserve potential, exploration drilling, 
exploitation activities, events or developments that Taseko expects to take 
place in the future, projected costs and plans and objectives.  Often, but not 
always, forward-looking statements can be identified by the use of 
forward-looking terminology such as "outlook", "anticipate", "project", 
"target", "believe", "estimate", "expect", "intend", "should" and similar 
expressions. 
 
Forward-looking statements are subject to known and unknown risks, 
uncertainties and other factors that may cause the Company's actual results, 
level of activity, performance or achievements to be materially different from 
those expressed or implied by such forward-looking statements. These included 
but are not limited to: 
 
  * uncertainties about the effect of COVID-19 and the response of local, 
    provincial, federal and international governments to the threat of COVID-19 
    on our operations (including our suppliers, customers, supply chain, 
    employees and contractors) and economic conditions generally and in 
    particular with respect to the demand for copper and other metals we 
    produce; 
  * uncertainties and costs related to the Company's exploration and 
    development activities, such as those associated with continuity of 
    mineralization or determining whether mineral resources or reserves exist 
    on a property; 
  * uncertainties related to the accuracy of our estimates of mineral reserves, 
    mineral resources, production rates and timing of production, future 
    production and future cash and total costs of production and milling; 
  * uncertainties related to feasibility studies that provide estimates of 
    expected or anticipated costs, expenditures and economic returns from a 
    mining project; 
  * uncertainties related to the ability to obtain necessary licenses permits 
    for development projects and project delays due to third party opposition; 
  * uncertainties related to unexpected judicial or regulatory proceedings; 
  * changes in, and the effects of, the laws, regulations and government 
    policies affecting our exploration and development activities and mining 
    operations, particularly laws, regulations and policies; 
  * changes in general economic conditions, the financial markets and in the 
    demand and market price for copper, gold and other minerals and 
    commodities, such as diesel fuel, steel, concrete, electricity and other 
    forms of energy, mining equipment, and fluctuations in exchange rates, 
    particularly with respect to the value of the U.S. dollar and Canadian 
    dollar, and the continued availability of capital and financing; 
  * the effects of forward selling instruments to protect against fluctuations 
    in copper prices and exchange rate movements and the risks of counterparty 
    defaults, and mark to market risk; 
  * the risk of inadequate insurance or inability to obtain insurance to cover 
    mining risks; 
  * the risk of loss of key employees; the risk of changes in accounting 
    policies and methods we use to report our financial condition, including 
    uncertainties associated with critical accounting assumptions and 
    estimates; 
  * environmental issues and liabilities associated with mining including 
    processing and stock piling ore; and 
  * labour strikes, work stoppages, or other interruptions to, or difficulties 
    in, the employment of labour in markets in which we operate mines, or 
    environmental hazards, industrial accidents or other events or occurrences, 
    including third party interference that interrupt the production of 
    minerals in our mines. 
 
For further information on Taseko, investors should review the Company's annual 
Form 40-F filing with the United States Securities and Exchange Commission 
www.sec.gov and home jurisdiction filings that are available at www.sedar.com, 
including the "Risk Factors" included in our Annual Information Form. 
 
For further information on Taseko, please visit the Taseko website at 
www.tasekomines.com or contact: Brian Bergot, Vice President, Investor 
Relations - 778-373-4533 or toll free 1-877-441-4533 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 24, 2021 03:00 ET (07:00 GMT)

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