Taseko Mines (TKO) Registration Filing summary

Company overview and business model

• Operates as a copper-focused mining company with principal assets in British Columbia and Arizona, including the Gibraltar Mine and Florence Copper project.

• Gibraltar Mine is one of the largest copper mines in North America, with a 20-year mine life and stable operations.

• Florence Copper is under construction, targeting first production before the end of 2025, and is expected to be a low-cost, high-quality copper cathode producer.

• Additional development projects include Yellowhead copper, New Prosperity copper-gold, and Aley niobium projects.

• Business strategy focuses on becoming a North America-focused multi-asset copper producer, leveraging cash flow from Gibraltar to develop a pipeline of large-scale projects.

Financial performance and metrics

• Gibraltar produced 106 million pounds of copper and 1.4 million pounds of molybdenum in 2024.

• Florence Copper has seen over US$520 million invested to date, with commercial facility construction costs estimated at US$232 million, expected to be 10–15% higher.

• Common shares are listed on TSX, NYSE American, and LSE, with recent closing prices of $4.21 (CAD), $3.05 (USD), and £2.20 (GBP) as of June 27, 2025.

• No material changes in share and debt capital since March 31, 2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, acquisitions, debt repayments, and capital expenditures.

• Specific use of proceeds for each offering will be detailed in the relevant prospectus supplement.