On April 14, 2023, Western Copper and Gold Corporation completed its previously announced $21.3 million strategic equity investment by Mitsubishi Materials Corporation to further advance Western Copper’s Casino Project in the Yukon.
Mitsubishi Materials acquired 8,091,390 common shares of Western Copper at a price of $2.63 per share for proceeds of approximately $21.3 million, resulting in Mitsubishi Materials owning approximately 5.0% of Western Copper’s issued and outstanding shares, on an undiluted basis.
Cassels acted for Western Copper.