https://www.miningweekly.com
Copper|Engineering|Gold|PROJECT|Western Copper
Copper|Engineering|Gold|PROJECT|Western Copper
copper|engineering|gold|project|western-copper

Western Copper upsizes offering to $40m

17th April 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Project developer Western Copper and Gold has upsized its bought-deal public offering to fund permitting and engineering work at its Casino project, in Yukon, to $40-million.

The TSX- and NYSE American-listed company on Tuesday announced an amended agreement with Eight Capital under which underwriters have agreed to buy, on a bought-deal basis, 21 055 000 shares at $1.90 each.

The underwriters have an over-allotment option to purchase up to an additional 3 158 250 common shares, representing 15% of the offering, to cover over-allotments.

Casino is a copper, gold, molybdenum and silver deposit, about 300 km from Whitehorse. A 2022 feasibility study confirmed the robust nature of Casino, which will require C$3.62-billion to build a mine that will operate for 27 years.

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
22nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.211 0.247s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: