Taseko Mines ( NYSE: TGB ) +10.5% in Monday's trading after the U.S. Environmental Protection Agency issued a draft underground injection control permit for its Florence copper project in Arizona.
Taseko ( TGB ) said the UIC permit is the final key permit required for the construction and operation of the Florence copper commercial facility.
The EPA said the public comment period for the draft federal permit will last 45 days, ending on September 29, with a virtual public hearing to be held on September 15.
Worried about potential groundwater contamination, Florence, Arizona, officials have tried and failed to block the project for several years .
Copper production at Taseko's ( TGB ) underperformed expectations by ~20% in Q2, but the rest of the year should be better for the company, Elephant Analytics writes in a bullish analysis newly published at Seeking Alpha .
For further details see:
Taseko wins EPA approval for Florence copper project draft permit