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Announced

Completed

Rio Tinto completed a $20m investment in Western Copper and Gold.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Completed

Acquisition

Canada

General Mining

Minority

Friendly

Cross Border

mining company

Single Bidder

Synopsis

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Rio Tinto, a mining company, completed a $20m investment in Western Copper and Gold, a copper and gold explorer. "We are pleased to welcome Rio Tinto as a strategic investor in the company. The investment by Rio Tinto, a leading global mining group which operates in 35 countries around the world, and whose purpose is to produce the materials essential to human progress is a strong endorsement of the Casino Project. We look forward to working with Rio Tinto to advance Casino," Paul West-Sells, Western Copper President and CEO.

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