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24 Mar

Mitsubishi Materials to invest in Western Copper, Casino project

Mitsubishi Materials Corp is acquiring a 5% stake in Western Copper and Gold and its developing Casino copper-gold-silver-molybdenum project in Canada’s Yukon Territories, Kallanish reports. Japan-based Mitsubishi has agreed to pay CAD 2.83 ($1.91) per share, although the exact number of shares to be acquired and the total strategic equity investment will depend on whether Rio Tinto, Western Copper’s partner on the Casino project, wants to exercise its…
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