- Taseko Mines ( NYSE: TGB ) (TSX: TKO) said Friday it got an underwritten commitment for US$25 million from Banc of America Leasing & Capital, which would be spent for carrying out certain operations at the Florence Copper project.
- Proceeds will be used to fund costs associated with the Solvent Extraction and Electrowinning ("SX/EW") plant for the Florence Copper mine, the company said.
- The US$25 million of funding will be available for drawdown upon Florence Copper receiving the final Underground Injection Control permit from the EPA.
- The loan will be secured by specific treatment and processing equipment in the SX/EW plant with an initial term of five years.
- Taseko said the facility can be repaid at any time and carries no financial covenants.
For further details see:
Taseko gets $25M funding to cover Florence project expenses