10:18 AM EDT, 05/28/2025 (MT Newswires) -- Western Copper and Gold ( WRN ) said Wednesday it has formally extended its investor rights agreement with Mitsubishi Materials to May 30, 2026.

The company said the deal was formally extended as Mitsubishi Materials acquired 2 million Western Copper and Gold ( WRN ) common shares on the open market, a precondition for the previously announced extension of the deal.

Mitsubishi Materials' purchase of shares takes its stake in Western Copper and Gold ( WRN ) to about 5%, according to Western Copper and Gold ( WRN ).

The company's shares fell over 5% in recent trading.

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