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Taseko, Tŝilhqot'in Nation & Province of BC Reach Historic Agreement Concerning the New Prosperity Project - Taseko Mines (AMEX:TGB)

  • On June 5, 2025, Taseko Mines Limited, the Tŝilhqot'in Nation, and British Columbia signed an agreement resolving the New Prosperity mineral tenure dispute in Tŝilhqot'in territory near Fish Lake.
  • This agreement followed decades of conflict since 1995 and a 2019 pause on litigation to allow negotiation facilitated by the Province of British Columbia.
  • Key elements include Taseko retaining a 77.5% interest, contributing 22.5% to a trust for the Tŝilhqot'in, a $75 million provincial payment, and a consent-based model for future development.
  • The New Prosperity project contains measured and indicated mineral resources estimated at 5.3 billion pounds of copper alongside 13.3 million ounces of gold, and the agreement resolves ongoing disputes while ensuring that the Tŝilhqot'in Nation maintains authority over any mining developments through their consent rights.
  • The agreement advances reconciliation, establishes long-term land-use planning with funding for Tŝilhqot'in cultural programs, and permits future development only with the Nation's free, prior, and informed consent.
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Province of BC broke the news in on Thursday, June 5, 2025.
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