On May 28, 2021, Western Copper and Gold Corporation closed a $25.6 million strategic investment by Rio Tinto Canada Inc., to advance Western’s copper-gold Casino Project in the Yukon. Rio Tinto acquired 11,808,490 common shares at a price of $2.17 per share for aggregate gross proceeds of approximately $25.6 million, resulting in Rio Tinto owning approximately 8% of Western’s outstanding shares. In connection with this investment, Western and Rio Tinto entered into an investor rights agreement.
Cassels acted for Western.