Western Copper (TSE:WRN) has released an update.
Western Copper and Gold Corporation has announced that Rio Tinto will fully exercise its participation right, investing approximately $4.3 million to maintain its 9.7% stake in the company. This investment is part of a larger $40 million offering by Western, with the transaction expected to finalize around May 6, 2024, subject to regulatory approvals. The funding supports the development of the Casino Project, poised to become Canada’s premier copper-gold mine in the Yukon Territory.
For further insights into TSE:WRN stock, check out TipRanks’ Stock Analysis page.
