Trekor Metals Ltd
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Mar 28, 2025
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Contents
EX-99.2 · 24. COMMITMENTS AND CONTINGENCIES
24. COMMITMENTS AND CONTINGENCIES
a) Commitments
The Company is a party to certain contracts relating to service and supply agreements. Future minimum payments under these agreements as at December 31, 2024, are presented in the following table:
| 2025 | 7,826 |
| 2026 | 1,463 |
| 2027 | - |
| 2028 | - |
| 2029 and thereafter | - |
| Total commitments | 9,289 |
As at December 31, 2024, the Company had commitments to incur capital expenditures of $47,863 (2023 - $6,150) for Florence Copper and $6,600 (2023 - $13,236) for Gibraltar.
In late December 2024, Gibraltar received an amendment to its M-40 permit in which the required closure bonding confirmed from the Province of British Columbia was increased from $108.5 million to $139.9 million. Gibraltar is required to post this additional bonding over the next 15 months, with $15.7 million due on March 31, 2025 and a second tranche for the same amount due by March 31, 2026. Taseko intends to place additional surety bonds to meet these increased bonding requirements from the Province of British Columbia from insurance underwriters.
b) Contingencies
There are no known contingencies that would impact the financial position or performance of the Company as at December 31, 2024.
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