With Taseko focusing its energy on construction and permitting the Florence copper project in Arizona, the company said it is not in a position to advance Harmony for several years.
“JDS Energy and Mining has a proven track record of developing mineral projects, and this transaction structure allows Taseko to participate in their success and create value from this asset in the near-term,” said president and CEO Stuart McDonald in a news release.
“With our engineering, permitting and mine construction expertise, we believe we can advance this project and create significant value for all stakeholders,” added JDS CEO Jeff Stibbard.
(This article first appeared in The Northern Miner)
