- Taseko Mines Limited (TKO) announced the issuance of a government permit for the Florence Copper Project
- The permit is related to the U.S. Environmental Protection Agency’s (EPA) draft for Underground Injection Control (UIC)
- The public comment period for the draft federal permit will last 45 days
- The project will have the lowest energy and greenhouse gas-intensity of any copper producer in North America
- Taseko Mines Limited (TKO) is up 9.22 per cent and is trading at $1.54 per share as of 2:24 p.m. ET
Taseko Mines Limited (TKO) has received a Underground Injection Control (UIC) permit for the Florence Copper Project.
The permit was issued by the U.S. Environmental Protection Agency (EPA).
According to Taseko, the EPA has stated that the public comment period for the draft federal permit will last 45 days, with a virtual public hearing to be held on September 15th.
“The UIC permit is the final key permit required for the construction and operation of the Florence Copper commercial facility… [Florence Copper Project] has gone through extensive scrutiny by both the Arizona Department of Environmental Quality and the EPA over the past eight years, and we are confident that the rigorous work completed by both these regulatory bodies will result in permitting success in the coming months,” Stuart McDonald, President and CEO, said.
The company expects the Florence Copper Project to have the lowest energy and greenhouse gas intensity of any copper producer in North America and aims to reduce the U.S.’s copper resource dependency on foreign producers.
“As the United States advances toward its goal of net-zero carbon emissions by 2050, including 100 per cent clean electricity by 2035 and 50 per cent light-duty electrical vehicle sales by 2030, the country will need to address its reliance on imports of critical metals… projects like Florence Copper will help meet the growing U.S. demand for copper,” McDonald said.
Taseko Mines Limited (TKO) is up 9.22 per cent and is trading at $1.54 per share as of 2:24 p.m. ET.