Taseko Mines Limited (TSX: TKO) is preparing to retire a name that has been on its shingle for the better part of three decades. The copper producer announced Monday that it will ask shareholders to approve a corporate rebrand to Trekor Metals Limited at its upcoming annual general meeting on June 24.
Management framed the change as a reflection of how much the business has shifted, pointing to an expanded asset base across North America that no longer fits neatly under the original banner.
President and CEO Stuart McDonald said the move captures both where the company has been and where it intends to go. “Over the last two decades, Taseko has been on a journey – steadily growing our business and unlocking value in our high-quality portfolio of development assets,” he said, adding that the Trekor name “embodies our values and reflects our ambition to continue to grow North America’s copper sector.”
The proposal will appear alongside the usual slate of AGM business. Shareholders will also vote on setting the board at nine directors, electing those nominees, reappointing PricewaterhouseCoopers LLP as auditors, and an advisory say-on-pay resolution. The board has unanimously recommended a vote in favour of every item.
Taseko Mines last traded at $9.10 on the TSX.
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