Rio Tinto Bolsters Stake in Western Copper
Company Announcements

Rio Tinto Bolsters Stake in Western Copper

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.

Related Articles
TipRanks Auto-Generated NewsdeskWestern Copper Reports Asset Growth Amid Losses
TheFlyWestern Copper initiated with an Outperform at National Bank
TipRanks Canadian Auto-Generated NewsdeskWestern Copper Announces New Chairman to Lead Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App