Western Copper and Gold Announces Filing of Final Short Form Prospectus

Executive Summary

• Western Copper and Gold Corp. filed a Final Short Form Prospectus for a bought‑deal public offering of common shares at C$4.15 per share, targeting gross proceeds of approximately C$80 million.
• The underwriters have an over‑allotment option for up to 2,891,625 additional shares, which could increase total gross proceeds to about C$92 million if fully exercised.
• Closing of the offering is expected on or about February 26, 2026, subject to regulatory approvals and customary closing conditions.

Key Details

• Offering price: C$4.15 per common share.
• Initial gross proceeds target: ≈ C$80,001,625.
• Over‑allotment option: Up to 2,891,625 additional shares; if exercised in full, adds C$12,000,243.75 to gross proceeds, raising total potential proceeds to ≈ C$92,001,869.
• Underwriters/syndicate: Lead underwriter and sole bookrunner – Stifel Canada; participants include ATB Capital Markets, National Bank Financial, Agentis Capital Markets, BMO Capital Markets, Canaccord Genuity, CIBC World Markets, and H.C. Wainwright & Co., LLC.
• Prospectus availability: Final Prospectus filed with Canadian securities commissions (except Quebec) – accessible via SEDAR+. U.S. prospectus filed on Form F‑10 – accessible via EDGAR. Free copies available from Stifel Canada upon request.
• Closing date: Expected on or about February 26, 2026.
• Conditions to closing: Receipt of all required approvals (Toronto Stock Exchange, NYSE American, securities regulators) and satisfaction of customary closing conditions.

Notable Quotes

• “The Offering provides us with the capital needed to advance the Casino Project and further our commitment to responsible mining practices,” – Sandeep Singh, CEO.