Western Copper and GOLD Extends Technical Collaboration with RIO Tinto
WESTERN COPPER AND GOLD EXTENDS TECHNICAL
COLLABORATION WITH RIO TINTO
VANCOUVER, BC
,
June 16, 2025
/CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN)
(NYSE American: WRN) is pleased to announce an extension and revision of its Investor Rights Agreement ("IRA") with Rio Tinto
Canada Inc. ("Rio Tinto").
As part of a revised IRA, Rio Tinto will continue to hold a seat on the
Casino
Technical and Sustainability Committee ("TSC"), along
with one representative from Mitsubishi Materials and three from Western, to promote ongoing technical collaboration. Rio Tinto's
existing standstill and trading restrictions, along with certain other obligations, will remain in effect, while the previous board
observer right and potential board seat rights have been extinguished. The revised IRA will expire on the earlier of
November 30,
2026
, or when Rio Tinto's ownership falls below 5%.
"We are pleased to maintain Rio Tinto's presence on the TSC as it has been mutually beneficial to both Western and Rio Tinto,"
said
Sandeep Singh
, President and CEO. "Rio Tinto remains a supportive shareholder, and we value the expertise they bring to
bear on the project. It did make sense, however, to refine some of the previous rights, especially as we have taken steps to
enhance our own independent board of directors over time."
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is developing the
Casino
Project,
Canada's
premier copper-gold mine in the
Yukon Territory
and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with our First Nations and local communities to progress the
Casino
Project,
using internationally recognized responsible mining technologies and practices.
For more information, visit
www.westerncopperandgold.com
.
On behalf of the board,
"Sandeep Singh"
Sandeep Singh
President and CEO
Western Copper and Gold Corporation
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking
statements") within the meaning of applicable Canadian and
United States
securities legislation including the United States
Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes",
"plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or
variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include
statements regarding the ongoing rights and obligations of Rio Tinto and the progression of the
Casino
Project.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be
materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of
unforeseen challenges in advancing the
Casino
project, potential impacts on operational continuity, changes in general market
conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual
information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.
Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as
set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and
its other publicly filed disclosure document.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements, other factors may cause results to be materially different from those anticipated,
described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of
this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking
statements other than as required by applicable law.
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Western Copper and Gold Corporation
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For further information:
For more information, please contact: Cameron Magee, Director, Investor Relations & Corporate
Development, Western Copper and Gold Corporation, 437-219-5576 or [email protected]
CO: Western Copper and Gold Corporation
CNW 08:00e 16-JUN-25