M&A

Rio takes stake in Canadian developer

MINING major Rio Tinto has made a C$25.6 million strategic investment in Toronto-listed Western Copper and Gold to advance the Casino copper-gold project in Yukon, Canada.

Western Copper and Gold's Casino project in Yukon, Canada

Western Copper and Gold's Casino project in Yukon, Canada

Rio agreed to purchase 11.8 million shares in the junior at $2.17 per share, a 15% premium, to take an 8% stake in the company. Western will use the proceeds to fund feasibility study and permitting work...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.