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VANCOUVER - Taseko Mines Limited (TSX:TKO; NYSE:TGB; LSE:TKO) has entered into an agreement with underwriters for a US$150 million bought deal financing, according to a press release issued Wednesday.
The copper mining company will sell 37.1 million common shares at a price of US$4.05 per share. The underwriting syndicate, led by BMO Capital Markets and Canaccord Genuity Corp. as co-lead managers along with National Bank Financial Inc., has been granted an option to purchase up to an additional 15% of shares to cover potential over-allotments.
Taseko intends to use the proceeds to repay outstanding debt under its revolving credit facility and for general corporate and working capital purposes.
The offering is expected to close on or about October 22, 2025, subject to customary conditions including approvals from the Toronto Stock Exchange and NYSE American.
In connection with the transaction, the company will file a prospectus supplement to its short form base shelf prospectus dated June 30, 2025, with securities regulatory authorities in Canadian provinces and territories (except Québec and Nunavut) and with the U.S. Securities and Exchange Commission.
The underwriting syndicate includes BMO Capital Markets, Canaccord Genuity Corp., and National Bank Financial Inc. as joint bookrunners.
Based on information provided in the press release, the transaction represents a significant capital raise for the mining company as it manages its debt obligations.
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