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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -0.19% | 129.51 | 128.90 | 129.50 | 129.80 | 126.275 | 128.15 | 2,023,511 | 09:50:00 |
From Apr 2022 to Apr 2024
By Adriano Marchese
Western Copper & Gold Corp. said Tuesday its partner Rio Tinto PLC will participate in a strategic investment and maintain its interest in the company.
The company will issue 878,809 new shares to the Anglo-Australian mining giant and receive 2.3 million Canadian dollars ($1.7 million), which will be used to support Western Copper's copper-gold project in the Yukon.
In late March, Western Copper announced that Mitsubishi Materials Corp. made a strategic investment in the company for C$21.3 million, noting that Rio Tinto had the right to participate as well to maintain its current ownership of 7.84%.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 11, 2023 06:58 ET (10:58 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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