Western Copper files final prospectus for shares

Executive Summary

• Western Copper and Gold Corp. has filed its final short form prospectus for a bought deal public offering of common shares in Canada and the United States.
• The offering is priced at $4.15 per share, targeting gross proceeds of approximately $80 million, with the potential for additional proceeds via an over-allotment option.
• The transaction is led by Stifel Canada as the sole bookrunner, with a syndicate of major Canadian and international banks acting as underwriters.

Key Details

• Transaction Structure: Bought deal public offering of common shares.
• Price: $4.15 per common share.
• Base Gross Proceeds: Approximately $80,001,625.
• Over-Allotment Option: Underwriters have an option to purchase up to 2,891,625 additional common shares (15% over-allotment).
• Potential Additional Proceeds: If the over-allotment option is exercised in full, an additional $12,000,243.75 will be raised.
• Aggregate Gross Proceeds (with Over-Allotment): Approximately $92,001,869.
• Lead Underwriter: Stifel Canada (Sole Bookrunner).
• Syndicate Members: ATB Capital Markets Corp., National Bank Financial Inc., Agentis Capital Markets, BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., and H.C. Wainwright & Co. LLC.
• Closing Date: Scheduled on or about February 26, 2026.
• Regulatory Filings:
  • Final Short Form Prospectus filed with securities commissions in all Canadian provinces except Quebec.
  • Registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission (SEC) under the Canada/U.S. multijurisdictional disclosure system.
• Conditions: Subject to receipt of necessary approvals, including from the Toronto Stock Exchange, NYSE American, and applicable securities regulatory authorities.

Notable Quotes

• None provided in the text.