REG - Taseko Mines Limited - Initial Draft of UIC Permit at Florence Received

Taseko MinesAnnouncement

22/11/2021 07:05

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RNS Number : 0936T  Taseko Mines Limited  22 November 2021

TASEKO RECEIVES INITIAL DRAFT OF UNDERGROUND INJECTION CONTROL PERMIT

 

November 22, 2021, Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE MKT:
TGB; LSE: TKO) ("Taseko" or the "Company") is pleased to announce the US
Environmental Protection Agency ("EPA") has provided the Company with an
initial draft of the Underground Injection Control ("UIC") Permit for its
Florence Copper Project in Arizona. Taseko's project technical team will
complete a review of the permit wording within the two-week allotted
timeframe, following which the EPA is expected to commence a public comment
period.

 

Stuart McDonald, President and CEO, commented, "Detailed engineering and
procurement activities are well advanced, and we will be ready for
construction of the commercial facility immediately upon issuance of the final
UIC permit. The Florence Copper Project will have one of the smallest
environmental footprints of any copper mine in the world."

 

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

 

Stuart McDonald

President and CEO

 

No regulatory authority has approved or disapproved of the information
contained in this news release.

 

 

CAUTION REGARDING FORWARD-LOOKING INFORMATION

 

This document contains "forward-looking statements" that were based on
Taseko's expectations, estimates and projections as of the dates as of which
those statements were made. Generally, these 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.

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