Western Copper increases financing to $80-million

Executive Summary

• Western Copper and Gold Corp. entered into an amended bought‑deal financing agreement with Stifel Canada and a syndicate of underwriters for up to 19,277,500 common shares at $4.15 per share, targeting gross proceeds of ~C$80 million.
• The underwriters received a 30‑day option to purchase an additional 2,891,625 shares, which could raise an extra ~$12 million, bringing total potential gross proceeds to approximately C$92 million.
• Net proceeds are earmarked for permitting and engineering work on the Casino project in Yukon, plus general corporate and working capital needs.

Key Details

• Offering Size: 19,277,500 common shares at $4.15 per share.
• Gross Proceeds (Base): Approximately C$80,001,625.
• Underwriter Option: Up to 2,891,625 additional shares exercisable within 30 days post‑closing.
• Potential Additional Gross Proceeds: ~$12,000,244 if the option is fully exercised.
• Total Potential Gross Proceeds: Approximately C$92,001,869.
• Use of Net Proceeds:
• Advance permitting and engineering activities for the Casino copper‑gold project (Yukon).
• General corporate purposes and working capital.
• Offering Mechanics: Short‑form prospectus filed in all Canadian provinces except Quebec; U.S. filing under Form F‑10 (multijurisdictional disclosure system).
• Regulatory Status: U.S. registration statement filed but not yet effective; shares may not be sold or offers accepted until effectiveness.
• Closing Date: Expected on or about February 26, 2026, subject to customary conditions and regulatory approvals (TSX, NYSE American, securities regulators).

Notable Quotes

(No executive quotes were provided in the release.)