EX-99.2

Exhibit 99.2

Summary Description of the Notes

The following summary contains basic information about the Notes and the guarantees thereof and is not intended to be complete. The following summary is qualified in its entirety by the terms (including definitions of capitalized terms below) of the indenture (“Indenture”) governing the Notes dated as of February 10, 2021, among the Company, the Guarantors, The Bank of New York Mellon, as U.S. trustee, and BNY Trust Company of Canada, as Canadian co-trustee and collateral agent. The Indenture is filed at www.sedar.com and at www.sec.gov under Form 6-K concurrently herewith.


Issuer		Taseko Mines Limited.

Notes offered		US$400,000,000 principal amount of 7.00% Senior Secured Notes due 2026.

Maturity		The notes will mature on February 15, 2026.

Interest Payment Dates		Interest on the notes will accrue at a rate of 7.00% per annum.

		Interest on the notes will be payable on February 15 and August 15 of each year, beginning on August 15, 2021, and will accrue from the issue date of the notes.

Ranking		The notes will:

		• rank senior in right of payment to all future subordinated indebtedness of Taseko; • be effectively senior to all of Taseko’s existing and future unsecured indebtedness to the extent of the value of the Collateral; • be pari passu in right of payment with all of Taseko’s existing and future senior indebtedness; • be effectively subordinated to all existing and future indebtedness of Taseko, including debt under any First Lien Debt that Taseko might enter into in the future, that is secured by (i) liens on assets that are not part of the Collateral or (ii) liens on Collateral that are senior in priority to the liens securing the notes and the guarantees, in each case to the extent of the value of such assets or Collateral; • be structurally subordinated to all existing and future indebtedness and other liabilities and preferred stock of any of Taseko’s non-guarantor subsidiaries (other than indebtedness and other liabilities owed to Taseko or any guarantor); and • be unconditionally guaranteed on a senior basis by the guarantors. Any liens permitted in accordance with the conditions set forth under the caption “Description of the Notes—Security—Collateral Limitations,” including the liens securing the notes and the guarantees, shall rank junior to any security that the parties to the JV Agreement grant in favor of each other to secure the performance of the JV Agreement.

Security

The notes and the guarantees will be secured by first priority liens (subject to Permitted Liens) on (i) all of the shares of the Gibraltar Subsidiary, Curis, and Florence Holdings, each of which is, directly or indirectly, a wholly-owned subsidiary of Taseko and (ii) the Gibraltar Subsidiary’s rights under the Joint Venture Operating Agreement, dated March 18, 2010 (as amended, restated, supplemented, modified or replaced, the “JV Agreement”), among the Gibraltar Subsidiary, Cariboo Copper Corp. (“Cariboo”) and Taseko, subject to Taseko’s and the Gibraltar Subsidiary’s obligations under the JV Agreement (together, the “Initial Notes Collateral”), provided that, if we enter into First Lien Debt in the future, the liens securing the notes and guarantees will be junior in priority, pursuant to the Future Intercreditor Agreement, to the liens on any Collateral that secure the First Lien Debt.

If any First Lien Debt is secured by a lien on any Initial Notes Collateral and by liens on any Additional Notes Collateral, the notes and the guarantees shall be secured by a lien on such Additional Notes Collateral, provided that such liens on the Additional Notes Collateral will be junior in priority pursuant to the Future Intercreditor Agreement to the liens that secure such First Lien Debt.

The notes will be secured by liens on the part of the Collateral that secure the Gibraltar Subsidiary’s obligations pursuant to the Metal Purchase and Sale Agreement dated April 24, 2020 (as amended, restated, supplemented, modified or replaced, the “Osisko Silver Sale Agreement”) between the Gibraltar Subsidiary and Osisko Gold Royalties Ltd. (“Osisko”) and Taseko’s obligations pursuant to the guarantee it has provided in respect of the Osisko Silver Sale Agreement.

On the issue date of the notes, the Trustees and the Collateral Agent under the Indenture (as defined below), Osisko and we will enter into an intercreditor agreement, which will govern the relative rights of the Trustees, Collateral Agent and Osisko, vis-a-vis the Initial Notes Collateral (other than the pledged shares of Curis and Florence Holdings), pursuant to which Osisko will have a second priority lien on such Initial Notes Collateral (the “Osisko Intercreditor Agreement”), it being understood that the pledged shares of Curis and Florence Holdings are not subject to the Osisko Intercreditor Agreement and Osisko does not have a security interest in such pledged shares. The Osisko Intercreditor Agreement will provide that, if we enter into First Lien Debt, the lenders’ agent under such First Lien Debt shall join and accede to the Osisko Intercreditor Agreement as senior agent thereunder.

The value of the Collateral at any time will depend on market and other economic conditions, including the availability of suitable buyers for the Collateral. In the event of a foreclosure, liquidation, bankruptcy or similar proceeding, no assurance can be given that the proceeds from any sale or liquidation of the Collateral will be sufficient to pay in full, or at all, our obligation under the notes and guarantees.


Guarantors		The notes will be unconditionally guaranteed by each of our existing restricted subsidiaries (other than immaterial subsidiaries), including the Gibraltar Subsidiary, Curis, Florence Holdings and Florence, and certain future subsidiaries. These guarantees are subject to release under specified circumstances.

		The guarantee of each guarantor that holds any Collateral will:

		• be secured by liens on the Collateral that rank senior, pursuant to the Osisko Intercreditor Agreement, to the liens on any Collateral that secure the Gibraltar Subsidiary’s obligations pursuant to the Osisko Silver Sale Agreement or Taseko’s obligations pursuant to the guarantee it has provided in respect of the Osisko Silver Sale Agreement; • be secured by first priority liens (subject to Permitted Liens) on the Collateral held by such guarantor, subject, where applicable, to Taseko’s and the Gibraltar Subsidiary’s obligations under the JV Agreement. If such guarantor is a borrower or guarantor under First Lien Debt, the liens on the Collateral securing the guarantees will be junior in priority, pursuant to the Future Intercreditor Agreement, to the liens on any Collateral that secure the First Lien Debt, to the extent that the liens securing the First Lien Debt are Permitted Liens; • rank senior in right of payment to all future subordinated indebtedness of such guarantor; • be effectively senior to all of such guarantor’s existing and future unsecured indebtedness to the extent of the value of the Collateral; • be pari passu in right of payment with all of such guarantor’s existing and future senior indebtedness; • be effectively subordinated to all existing and future indebtedness of such guarantor, including debt under any First Lien Debt that such guarantor might enter into in the future, that is secured by (i) liens on assets that are not part of the Collateral or (ii) liens on Collateral that are senior in priority to the liens securing the notes and the guarantees, in each case to the extent of the value of such assets or Collateral; and • be structurally subordinated to all existing and future indebtedness and other liabilities of such guarantor’s non-guarantor subsidiaries (other than indebtedness and other liabilities owed to Taseko or any guarantor).

		As of September 30, 2020, the total assets of Taseko and our guarantor subsidiaries comprised 96% of our consolidated total assets. For the twelve month period ended September 30, 2020, Taseko and our guarantor subsidiaries contributed 100% of our consolidated Adjusted EBITDA for such period. As of September 30, 2020, the aggregate indebtedness of Taseko and our guarantor subsidiaries was approximately C$381.9 million.


Optional Redemption		Prior to February 15, 2023, we may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus a “make-whole” premium, plus accrued and unpaid interest to the redemption date.

		Beginning on February 15, 2023, we may redeem some or all of the notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the notes redeemed, to the applicable date of redemption, if redeemed during the twelve-month period beginning on February 15, 2023, of the years indicated below, subject to the rights of holders of notes on the relevant record date to receive interest on the relevant interest payment date:


Year	Percentage
2023		103.500	%
2024		101.750	%
2025 and thereafter		100.000	%


		At any time prior to February 15, 2023, but not more than once in any twelve-month period, we may redeem up to 10% of the original aggregate principal amount of the notes at a price equal to 103% of the principal amount of the notes redeemed, plus accrued and unpaid interest, if any, to the redemption date.

Optional Redemption After Certain Equity Offerings		Prior to February 15, 2023, we may redeem up to 40% of the aggregate principal amount of the notes in an amount not greater than the net proceeds of certain equity offerings, at a redemption price equal to 107.00% of their principal amount, plus accrued and unpaid interest to the date of redemption of notes being redeemed, provided that at least 60% of the aggregate principal amount of the notes remains outstanding immediately following the redemption.

Tax Redemption		If we become obligated to pay additional amounts to holders of the notes as a result of a change in the tax laws of any relevant jurisdiction, we may redeem the notes, in whole but not in part, at any time, upon giving proper notice, at a price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest and additional amounts on the notes to the date of redemption.

Additional Amounts		Subject to certain exceptions, we generally will pay such additional amounts as may be necessary so that the amount received by holders of the notes after tax-related withholdings or deductions in respect of such notes will not be less than the amount that such holders would have received in the absence of such withholdings or deductions.

Change of Control Offer		If we experience a change of control, we must give holders of the notes the opportunity to sell their notes to us at 101% of their principal amount, plus accrued and unpaid interest.


Asset Sale Proceeds		Upon certain asset sales, we may be required to use the net proceeds of such asset sales to purchase a portion of the notes at 100% of the principal amount thereof, together with accrued and unpaid interest, if any, to the date of repurchase.

Certain Covenants		The indenture governing the notes (the “Indenture”) will contain covenants limiting, among other things, our ability and the ability of our restricted subsidiaries to:

		• transfer and sell assets; • pay dividends or distributions on our capital stock, repurchase our capital stock, make payments on subordinated indebtedness and make certain investments; • incur additional debt; • create or incur liens on our assets (other than permitted liens); • create any restriction on the ability of any restricted subsidiary to pay dividends to Taseko, make loans to Taseko or any of its restricted subsidiaries or sell assets to Taseko or any of its restricted subsidiaries; • merge, amalgamate or consolidate with another company; and • enter into transactions with affiliates.

		These covenants are subject to a number of important limitations and exceptions.

		If at any time the notes are rated investment grade by two of the following three rating agencies Standard & Poor’s Ratings Group, Moody’s Investors Service, Inc. or Fitch, Inc., and no default or event of default has occurred and is continuing under the Indenture, substantially all of the restrictive covenants will terminate and will no longer apply to us or our restricted subsidiaries.

Transfer Restrictions		The notes have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction, have not been qualified for distribution by prospectus in Canada, and are subject to restrictions on transfer. You may not sell the notes absent an available exemption from registration. As a prospective purchaser, you should be aware that you may be required to bear the financial risks of this investment for an indefinite period of time.

No Public Market		The notes will be new securities for which there is currently no market. Although the initial purchasers have informed us that they intend to make a market in the notes, they are not obligated to do so and they may discontinue market making activities at any time without notice. Accordingly, we cannot assure you that a liquid market for the notes will develop or be maintained. This may affect the price of the notes in the secondary market, the transparency and availability of trading prices and the liquidity of the notes.

No Registration Rights		We will not have any obligation to register the notes in the future under the Securities Act or to exchange the notes for registered notes.


Use of Proceeds		We intend to use the net proceeds from the offering, together with cash on hand, to redeem all of our outstanding US$250 million aggregate principal amount of 8.75% senior secured notes due 2022, to make capital expenditures at our Florence Copper Project and Gibraltar mine, working capital, general corporate purposes and to pay fees and expenses in connection therewith.

Original Issue Discount		If the stated principal amount of the notes exceeds their issue price by more than a de minimis amount, the notes will be treated as issued with original issue discount (“OID”) for U.S. federal income tax purposes. In such event, holders subject to U.S. federal income taxation generally will be required to include the OID in gross income (as ordinary income) as such amounts accrue (on a constant yield to maturity basis), in advance of the receipt of cash payment thereof and regardless of such holder’s method of accounting for U.S. federal income tax purposes.

Governing Law		The notes and guarantees of the notes will be governed by the laws of the State of New York. The collateral documents and the Osisko Intercreditor Agreement will be governed by the laws of the Province of British Columbia, Canada.

Trustee		The Bank of New York Mellon.

Canadian Co-Trustee		BNY Trust Company of Canada.

Collateral Agent		BNY Trust Company of Canada.