Western Copper strengthens relationship with Mitsubishi Materials

Western Copper (WRN) has strengthened its relationship with Mitsubishi Materials. Western has entered into an amended and restated investor rights agreement with Mitsubishi Materials, most notably extending the rights and obligations thereunder until May 30, 2026, subject to Mitsubishi Materials acquiring 2 million common shares of the company through open market purchases. These purchases will be non-dilutive to existing shareholders, as no new shares will be issued by the company. Upon completion, Mitsubishi Materials’ equity ownership in Western is expected to return to approximately 5%.