#Canada #Vancouver #Western Copper #Casino Project #Stifel Canada

Western Copper and Gold Secures C$50 Million Financing

Western Copper and Gold Corporation, based in Vancouver, has announced an important advancement for the company's future. On February 11, 2026, the corporation revealed it has successfully entered into a bought deal financing agreement with Stifel Canada. This deal involves the sale of 12,048,400 common shares at a price of C$4.15 per share, resulting in gross proceeds of approximately C$50 million. This significant capital injection marks a crucial step in advancing the company’s undertakings in its Casino Project located in the Yukon.

The Offering Details

This financing agreement with Stifel comes with an additional provision that allows underwriters the option to purchase up to 1,807,260 additional common shares within 30 days of closing. Should this option be fully exercised, it could raise the total gross proceeds to approximately C$57.5 million. Such financing is vital for the company, especially for the ongoing engineering and permitting processes at its Casino Project, which is envisioned to be Canada’s premier copper-gold mine and one of the most economically promising greenfield mining projects worldwide.

The funds are intended not only for immediate developmental activities related to the Casino Project but also for general corporate needs and working capital. By taking this step, Western Copper and Gold is gearing up to further its operational strategies and ensure a robust development path forward.

Regulatory Framework and Future Outlook

The financing will be conducted through a short form prospectus which will be filed across various regions in Canada (excluding Quebec) and in the U.S. under a registration statement as part of a multi-jurisdictional disclosure system. This mechanism is designed to facilitate compliance with the regulatory requirements governing such financial activities.

However, potential investors must be cautious, as the registration statement has been filed with the United States Securities and Exchange Commission but is not yet effective. This implies that common shares may not be sold or any offers to buy accepted until the registration becomes effective. Readers are advised to review the prospectus and registration statement carefully, which are accessible on the respective regulatory body websites.

Commitment to Responsible Practices

Western Copper and Gold Corporation is committed to transparency and collaboration with First Nations and local communities surrounding the Casino Project. The company emphasizes its adherence to internationally recognized responsible mining practices and technologies, aiming for sustainable development in its ongoing operations.

As Sandeep Singh, Chief Executive Officer of Western Copper and Gold Corporation, commented, the company plans to utilize the proceeds from this offering judiciously to foster an environmentally responsible and economically feasible mining operation, which serves both the stakeholders and the environment alike.

Closing and Future Initiatives

The completion of the offering is scheduled for on or around February 26, 2026, subject to necessary approvals from the Toronto Stock Exchange, NYSE American, and other applicable regulatory authorities. This finalization is another step in Western Copper and Gold's strategic blueprint to enhance its operational capabilities and reinforce its standing in the global mining industry.

Overall, this financing agreement positions Western Copper and Gold for future success as it aims to elevate the Casino Project and explore its full potential within the thriving resource sector.