Western Copper and Gold Corporation announced on April 15, 2025, that it has strengthened its relationship with Mitsubishi Materials Corporation. The companies entered into an amended and restated investor rights agreement, extending rights and obligations until May 30, 2026.
This extension is contingent upon Mitsubishi Materials acquiring 2 million common shares of Western Copper and Gold through open market purchases. These purchases are non-dilutive to existing shareholders, as no new shares will be issued by the company.
Upon completion of these purchases, Mitsubishi Materials' equity ownership in Western Copper and Gold is expected to return to approximately 5%. This increased investment signifies continued support and confidence in the Casino Project from a key strategic partner.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.