https://newsletter.en.creamermedia.com
Copper|Gold|PROJECT|Western Copper|Environmental
Copper|Gold|PROJECT|Western Copper|Environmental
copper|gold|project|western-copper|environmental

Western Copper confirms Rio Tinto will maintain interest

12th April 2023

By: Creamer Media Reporter

     

Font size: - +

Canadian company Western Copper and Gold has confirmed that Rio Tinto will subscribe for 878 809 shares of the company for proceeds of C$2.3-million to maintain its interest of 7.84%.

This comes as Mitsubishi Materials is subscribing for 8.09-million shares for proceeds of C$21.3-million, in terms of an agreement announced last month.

"We are pleased with the continued interest Rio Tinto has shown and look forward to working with Mitsubishi and Rio Tinto to advance the Casino project," said president and CEO Paul West-Sells.

Casino is a copper, gold, molybdenum and silver deposit, about 300 km from Whitehorse. The company is currently preparing to re-enter the Yukon’s environmental assessment process for the project.

A 2022 feasibility study confirmed the robust nature of Casino, which will require C$3.62-billion to build a mine that will operate for 27 years.

Edited by Creamer Media Reporter

Comments

Showroom

JusChek® - Disposable saliva test
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 09 May 2025
Magazine round up | 09 May 2025
9th May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.107 0.201s - 170pq - 2rq
Subscribe Now