By Dean Seal

Shares of Taseko Mines shot upward after the company received the permit it needed from U.S. environmental regulators for the Florence Copper Project in Arizona.

The stock was up 19% at $1.55 in early trading. The company's shares on the Toronto Stock Exchange were up 17% at 2.08 Canadian dollars.

The mining company said Thursday morning that the U.S. Environmental Protection Agency has issued a final Underground Injection Control Permit for the Florence Copper Project.

With approvals in place from the EPA as well as the Arizona Department of Environmental Quality, Taseko can now start construction on the commercial production facility, Chief Executive Stuart McDonald said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

September 14, 2023 11:36 ET (15:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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