18
May
14:19
COPPER: Rio Tinto invests in Western Copper's Casino project in Yukon
Canada-based Western Copper and Gold announces that Rio Tinto Canada has invested CAD 25.6 million ($21.28m) in its Casino copper-gold-silver-molybdenum project in the west-central Yukon Territory, Kallanish reports.
Rio Tinto is purchasing 11.8m shares at CAD $2.17/share, giving Rio Tinto an 8% stake in Western’s outstanding shares. The deal is expected to close on 31 May, subject to regulatory approvals.
Western Copper, in a statement, says it welcomes Ri…
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