Taseko Mines Limited announced that it has priced an offering of $500 million aggregate principal amount of Senior Secured Notes due 2030. Interest on the Notes will accrue at an annual rate of 8.25% payable semi-annually, and the Notes will be issued at par. The offering is expected to close on April 23, 2024, subject to customary closing conditions.

Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem all $400 million aggregate principal amount outstanding of its Senior Secured Notes due 2026, to make capital expenditures, including at its Florence Copper project and Gibraltar mine, as working capital and the remainder, if any, for general corporate purposes and to pay fees and expenses in connection with this offering. The Notes will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. The Notes will not be qualified by a prospectus in Canada.

Unless they are registered or qualified by a prospectus, the Notes may be offered and sold, only in transactions that are exempt from registration requirements and from prospectus qualification under Canadian securities laws. In the United States, the Notes will be offered and sold, only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) and outside the United States, to non-U.S. persons in compliance with Regulation S under the Securities Act.