05:24 PM EDT, 10/15/2025 (MT Newswires) -- Taseko Mines ( TGB ) said Wednesday it entered a bought-deal agreement with underwriters to sell 37.1 million shares at $4.05 each, raising about $150.3 million in gross proceeds.

The company said it has granted underwriters a 30-day option to buy up to 15% more shares at the offering price to cover over-allotments.

Taseko added it plans to use the proceeds to pay down debt on its revolving credit line and for general corporate and working capital needs.

The offering is scheduled to close by Oct. 22, subject to approvals, according to the company.

Shares of the company were down about 3.5% in recent after-hours activity.