Western Copper (TSE:WRN) has released an update.
Western Copper and Gold Corporation has finalized a private placement with Rio Tinto, allowing the mining giant to maintain a 9.7% stake by acquiring additional shares at C$1.35 each. This move follows a recent private placement associated with Western’s new CEO, demonstrating Rio Tinto’s continued commitment to Western’s Casino Project. The Casino Project is recognized as Canada’s foremost copper-gold mine development in the Yukon Territory, notable for its economic potential and responsible mining practices.
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