Western Copper and Gold’s (TSX:WRN,NYSEAMERICAN:WRN) Casino project is a compelling asset loaded with reserves that could last 27 years, one of the factors that sealed joint ventures with Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) and Mitsubishi Materials (TSE:5711), according to the company’s CEO, Sandeep Singh.
“Both (Rio Tinto and Mitsubishi) are tremendous partners. They lend a significant amount of technical expertise to the asset — things that a junior company could not replicate on its own even if it had the resources to do it,” he said.
“It’s not just the scale … But also kind of the other factors going for it — the high-grade core, that it’s at surface with next to no strip, the clean metallurgy, the jurisdiction it’s in, you know, the state it’s in. There’s a lot of positive attributes. And it’s not a surprise to us that it’s attracted interest from those types of groups,” Singh added.
Mitsubishi completed its C$21.3 million investment in the project in April 2023, resulting in the company owning 5 percent of Western’s issued and outstanding shares. Meanwhile, Rio Tinto’s total investment is C$33.9 million for 9.7 percent of Western’s outstanding common shares.
Watch the full interview with Western Copper and Gold President Dr. Paul West-Sells and CEO Sandeep Singh above.
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