Western Copper and Gold Reinforces its Alliance with Mitsubishi Materials for Future Growth

Strengthening Partnerships for Future Success

In a significant move, Western Copper and Gold Corporation has announced a reinforcement of its strategic partnership with Mitsubishi Materials Corporation. This collaboration, which focuses on advancing the Casino Project in Yukon, Canada, has been solidified through an amended investor rights agreement that extends their mutual commitments until May 30, 2026. The enhancement hinges on Mitsubishi Materials acquiring an additional two million common shares of Western through open market purchases, a decision designed to benefit existing shareholders by ensuring no new shares are issued.

Western Copper and Gold, which trades under the ticker symbols WRN on both the Toronto Stock Exchange and NYSE American, is thrilled about this development. Sandeep Singh, President and CEO, expressed satisfaction with Mitsubishi Materials' ongoing support and indicated that their increasing ownership stake in Western signals a strong vote of confidence in the Casino Project and Western’s management team. This enhanced partnership is expected to facilitate continued progress on one of Canada's most crucial mineral initiatives.

The Casino Project: A Game-Changer

Western Copper and Gold is focused on the Casino Project, recognized as Canada’s premier copper-gold mining project. This venture is vital not merely for Western’s immediate goals but also for laying the groundwork for broader economic impacts in the Yukon Territory. The project promises to incorporate internationally acknowledged sustainable mining practices, promoting a culture of responsibility and collaboration with local First Nations and communities.

With resource extraction being a hot topic across the globe, particularly about environmental impacts and community involvement, Western is working hard to maintain transparency and sustainability in its efforts. Building rapport with communities will be fundamental for the ongoing success of the Casino Project, and Western is committed to this responsibility.

Looking Ahead

The terms of the partnership extension underscore the alignment between Western Copper and Gold and Mitsubishi Materials. Given Mitsubishi’s significant involvement, including the proposed acquisition of shares, both companies are positioned to tackle the future with optimism. The projected return to approximately 5% equity ownership will further aid a collaborative endeavor aimed at unlocking the Casino Project's full potential.

As the mining sector evolves, partnerships like the one between Western and Mitsubishi are critical. The synergy between these two entities will not only cultivate growth for the companies involved but also contribute positively to the local economy and beyond.

Sandeep Singh, highlighting the strategic value of this move, summed it up best, stating, "Their continued support through this proposed new investment reflects the productive and aligned relationship we've built. We look forward to advancing Canada's critical minerals project in partnership with Mitsubishi Materials."

Conclusion

In summary, Western Copper and Gold’s determination to bolster its relationship with Mitsubishi Materials marks an exciting chapter in their journey toward sustainable mining and resource development. With the Casino Project on the brink of significant progress, ongoing support from key partners will undoubtedly play a pivotal role in achieving future goals. As the mining industry grapples with environmental challenges, innovative strategies and strong partnerships like this one may define the success of mining in the years ahead.

For additional details on Western's activities and strategic direction, interested parties can visit www.westerncopperandgold.com.

This update is part of Western Copper and Gold Corporation's commitment to keeping stakeholders informed about developments that shape the mining landscape in Canada and the global economy.