VANCOUVER, BC, Dec. 12,
2023 /CNW/ - Western Copper and Gold Corporation
("Western" or the "Company") (TSX: WRN) (NYSE American: WRN)
announces it has completed its previously announced C$6 million further investment by Rio Tinto
Canada Inc. ("Rio Tinto"), to continue to advance the Company's
Casino Project in the Yukon.
Rio Tinto acquired 3,468,208 common shares at a price of
C$1.73 per share for aggregate gross
proceeds of approximately C$6
million, resulting in Rio Tinto's ownership increasing to
approximately 9.7% of Western's outstanding common shares.
ABOUT WESTERN COPPER AND GOLD
CORPORATION
Western Copper and Gold Corporation is developing the
Casino Project, Canada's premier copper-gold mine in the
Yukon Territory and one of the
most economic greenfield copper-gold mining projects in the world.
For more information, visit www.westerncopperandgold.com.
On behalf of the board,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation
SOURCE Western Copper and Gold Corporation