Western Copper and Gold Corporation announced private placement to issue 2,220,000 shares at an issue price of CAD 1.35 per share for the gross proceeds of CAD 2,997,000 on February 22, 2024. The transaction will include participation from new investor Sandeep Singh for 2,220,000 shares. The closing of the Placement is subject to entering into a customary subscription agreement and the receipt of approvals of the Toronto Stock Exchange and the NYSE American LLC.

The shares issued pursuant to the Placement will be subject to a statutory hold period in accordance with applicable Canadian securities laws.