en.Wedoany.com Reported - Western Copper and Gold Corporation (TSX: WRN, NYSE American: WRN) has recently achieved three advancements in its Casino copper-gold project, involving equity cooperation, environmental assessment, and regional power grid infrastructure.

Mitsubishi Materials Corporation has completed the acquisition of 1.2 million common shares of the company through non-dilutive open market purchases. This transaction satisfies the conditions for extending the amended and restated investor rights agreement, restoring Mitsubishi Materials' shareholding in Western Copper to approximately 5%.

In terms of environmental assessment, the company submitted responses to requests for supplementary information and clarification to the Executive Committee of the Yukon Environmental and Socio-economic Assessment Board (YESAB) on July 15, 2026. These responses include substantial technical work providing a foundation for the project's review. After determining sufficiency, the Executive Committee will establish a panel and define its terms of reference.

Canada's Minister of Energy and Natural Resources, Tim Hodgson, announced on June 26, 2026, that the federal government will prioritize financial and regulatory support for five transmission projects, including the Yukon-British Columbia grid connection. This announcement is based on Canada's National Power Strategy, launched by Prime Minister Mark Carney on May 14, 2026, with the goal of doubling Canada's grid capacity by 2050.

Company President and CEO Sandeep Singh stated that progress is being steadily advanced through the YESAB process, with the team committed to conducting work at the highest level of technical analysis. He noted that with continued support from partners such as Mitsubishi Materials and growing momentum for long-term energy alternatives in the Yukon region, the Casino project is poised to become a key driver of sustainable, long-term, shared benefits in the area.

Western Copper and Gold Corporation is advancing the Casino project, which is considered the premier copper-gold mine in Canada's Yukon Territory and one of the most economically viable greenfield copper-gold projects in the world. The company stated its commitment to working with First Nations and local communities, using internationally recognized responsible mining techniques and practices to advance the project. For more information, visit www.westerncopperandgold.com.