WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF C$21.3 MILLION STRATEGIC INVESTMENT BY MITSUBISHI MATERIALS CORPORATION

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF C$21.3 MILLION STRATEGIC INVESTMENT BY MITSUBISHI MATERIALS CORPORATION

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces it has completed its previously announced C$21.3 million strategic equity investment by Mitsubishi Materials Corporation ("Mitsubishi Materials") to further advance the Company's copper-gold Casino Project in the Yukon .

Mitsubishi Materials acquired 8,091,390 common shares of the Company (the "Shares") at a price of C$2.63 per Share for proceeds of approximately C$21.3 million , resulting in Mitsubishi Materials owning approximately 5.0% of Western's issued and outstanding Shares, on an undiluted basis (following completion of the Rio Tinto subscription).

As previously announced, Rio Tinto Canada Inc. ("Rio Tinto") will subscribe for 878,809 Shares at a price of C$2.63 per Share for proceeds of approximately C$2.3 million , allowing Rio Tinto to maintain its interest of approximately 7.84%. The Rio Tinto subscription is expected to be completed on or before May 1, 2023 .

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements, including statements with respect to the expected closing date for the Rio Tinto subscription . Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "plans", "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties related to raising sufficient financing in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

SOURCE Western Copper and Gold Corporation

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/April2023/14/c1714.html

News Provided by Canada Newswire via QuoteMedia

WRN:CA
Western Copper and Gold

Western Copper and Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Western Copper and Gold Corporation (TSX:WRN, NYSE:WRN)

Western Copper and Gold

Developing a World-Class Copper-Gold Asset in the Yukon

Developing a World-Class Copper-Gold Asset in the Yukon Keep Reading...
WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION

WESTERN COPPER AND GOLD PROVIDES UPDATE ON ESE SUBMISSION

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to provide an update on its Environmental and Socio-economic Effects Statement ("ESE Statement") submission for the Casino Project (the "Project"). The ESE Statement incorporates extensive... Keep Reading...
WESTERN COPPER AND GOLD EXTENDS TECHNICAL COLLABORATION WITH RIO TINTO

WESTERN COPPER AND GOLD EXTENDS TECHNICAL COLLABORATION WITH RIO TINTO

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce an extension and revision of its Investor Rights Agreement ("IRA") with Rio Tinto Canada Inc. ("Rio Tinto"). As part of a revised IRA, Rio Tinto will continue to hold a seat on... Keep Reading...
WESTERN COPPER ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING

WESTERN COPPER ANNOUNCES ELECTION OF DIRECTORS AND VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the voting results from the Company's Annual General Meeting ("AGM") held on June 12, 2025. A total of 99,165,184 common shares were represented at the AGM, accounting for 49.58% of the... Keep Reading...
WESTERN COPPER FORMALLY EXTENDS INVESTOR RIGHTS AGREEMENT WITH MITSUBISHI MATERIALS

WESTERN COPPER FORMALLY EXTENDS INVESTOR RIGHTS AGREEMENT WITH MITSUBISHI MATERIALS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that Mitsubishi Materials Corporation ("Mitsubishi Materials") has completed the precondition for the previously announced extension of their investor rights agreement.... Keep Reading...
WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

WESTERN COPPER AND GOLD CONTINUES BOARD RENEWAL PROCESS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce further progress on its board renewal process. In connection with the upcoming Annual General Meeting ("AGM"), Dr. Bill Williams will retire from his last remaining board... Keep Reading...
Survey results for Myoff Creek Niobium/Rare Earths Project

Survey results for Myoff Creek Niobium/Rare Earths Project

AuKing Mining (AKN:AU) has announced Survey results for Myoff Creek Niobium/Rare Earths ProjectDownload the PDF here. Keep Reading...
Feather Cap data review and update

Feather Cap data review and update

Corazon Mining (CZN:AU) has announced Feather Cap data review and updateDownload the PDF here. Keep Reading...
100% Native Title Consent for Marree Project Achieved

100% Native Title Consent for Marree Project Achieved

Adavale Resources (ADD:AU) has announced 100% Native Title Consent for Marree Project AchievedDownload the PDF here. Keep Reading...
Nobel Resources (TSXV:NBLC)

Nobel Resources Issued Diamond Drill Permits for Cuprita Project, Antofagasta Region, Chile

Nobel Resources Corp. (TSX V: NBLC) (the "Company" or "Nobel") is pleased to announce all necessary permits have been received to commence drilling at Cuprita (the "Project") as early as November. This will be the first ever drill campaign at Cuprita. A notice was filed by the Company with the... Keep Reading...
FPX Nickel Provides Update on Fall 2025 Community Open House Events

FPX Nickel Provides Update on Fall 2025 Community Open House Events

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) ("FPX" or the "Company") is pleased to announce a series of fall 2025 community open houses for the Baptiste Nickel Project (the "Project"). These sessions are part of the Company's ongoing commitment to collaborative engagement with local communities... Keep Reading...
Review Highlights High Grade Bismuth Intercepts at Orlando

Review Highlights High Grade Bismuth Intercepts at Orlando

CuFe Limited (CUF:AU) has announced Review Highlights High Grade Bismuth Intercepts at OrlandoDownload the PDF here. Keep Reading...
Western Copper and Gold

Western Copper and Gold Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News