By A.J. Roan
Mining News
Rio Tinto invests again in promising Casino
Increases ownership to 9.7% of Western Copper and Gold North of 60 Mining News - November 28, 2023
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Last updated 11/30/2023 at 1:48pm
Western Copper and Gold Corp.
The world-class copper-gold-silver-molybdenum Casino project in Yukon, Canada, covers roughly 21,126 hectares (52,203 acres) and lies within the Whitehorse Mining District.
Western Copper and Gold Corp. Nov. 28 announced that after making an initial investment in 2021, Rio Tinto has elected to provide an additional C$6 million (US$4.4 million) to help the company continue advancing Western's world-class Casino project in the Yukon.
In May 2021, Rio Tinto invested C$25.6 million (US$18.9 million) to purchase 11.8 million Western shares at C$2.17 per share, marking a r...
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