Taseko Mines obtains financing for Florence Copper operation
Taseko Mines Limited said today it has obtained an underwritten commitment for US$25 million from Banc of America Leasing & Capital, LLC, which will fund work on Taseko's Solvent Extraction and Electrowinning plant for the Florence Copper commercial production facility.
Taseko’s wholly-owned Florence Copper, an in-situ copper recovery project, is located midway between Phoenix and Tucson near the community of Florence, Arizona. “Following the recently announced strategic partnership with Mitsui & Co. Inc. for our Florence Copper project, this additional source of funds will further strengthen our balance sheet and provide financing flexibility as we prepare for construction of the project in 2023.
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