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

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 06 December 2024
Magazine round up | 06 December 2024
6th December 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:0.091 0.12s - 150pq - 2rq
Subscribe Now