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Western Copper and Gold (TSX: WRN) gains Mitsubishi support, grid boost

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Western Copper and Gold Corporation reported several milestones for the Casino copper-gold project in Yukon. Mitsubishi Materials Corporation completed its acquisition of 1.2 million common shares through non-dilutive open market purchases, bringing its ownership in Western back to about 5% and satisfying conditions for extending an amended and restated investor rights agreement.

The company submitted responses on July 15, 2026 to supplementary information and clarification requests from the Executive Committee of the Yukon Environmental and Socio-economic Assessment Board, adding technical material that supports the assessment. Separately, Canada’s federal government named the Yukon‑B.C. Grid Connect one of five transmission projects prioritized for financial and regulatory support under the National Electricity Strategy, which seeks to double grid capacity by 2050, providing a supportive backdrop for long-term energy options relevant to Casino.

Positive

  • Mitsubishi completes 1.2 million non-dilutive share purchases, restoring ~5% stake.
  • YESAB sufficiency responses filed on July 15, 2026, advancing Casino review.
  • Yukon‑B.C. Grid Connect named a federal priority transmission project.

Negative

  • None.

Filing Explained

Western submitted its July 15 responses to YESAB, but the assessment has not reached the panel stage: YESAB must first determine that the information is sufficient, after which it will establish the panel and its terms of reference.

Mitsubishi share purchases 1.2 million common shares Acquired through non-dilutive open market purchases
Mitsubishi ownership approximately 5% Ownership in Western Copper and Gold after share purchases
YESAB responses submitted July 15, 2026 Date Casino Project sufficiency responses were sent to YESAB Executive Committee
Grid priority announcement June 26, 2026 Date federal government prioritized Yukon‑B.C. Grid Connect for support
Grid capacity target year 2050 National Electricity Strategy aims to double Canada’s grid capacity by this year
non-dilutive open market purchases financial
"completed its acquisition of 1.2 million common shares...through non-dilutive open market purchases"
investor rights agreement financial
"conditions for the extension of the amended and restated investor rights agreement"
A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.
Yukon Environmental and Socio-economic Assessment Board regulatory
"requests received from the Executive Committee of the Yukon Environmental and Socio-economic Assessment Board"
terms of reference regulatory
"the Executive Committee will establish the Panel and set its terms of reference"
A terms of reference document is a concise rulebook that sets the purpose, scope, responsibilities, authority and expected deliverables for a committee, review, investigation or project. It matters to investors because it clarifies what will be examined, who will decide, how independent and thorough the process will be, and the likely timeline—factors that shape the credibility of outcomes and potential impacts on a company’s risk and value.
National Electricity Strategy regulatory
"builds on Canada's National Electricity Strategy, launched by Prime Minister Mark Carney"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What share purchases did Mitsubishi Materials complete in Western Copper and Gold (WRN)?
Mitsubishi Materials completed non-dilutive open market purchases of 1.2 million common shares of Western Copper and Gold, bringing its ownership back to approximately 5%. These purchases satisfied conditions to extend the amended and restated investor rights agreement with the company.

How is Western Copper and Gold (WRN) progressing through the YESAB assessment?
Western submitted its responses on July 15, 2026 to supplementary information and clarification requests from the YESAB Executive Committee. Once sufficiency is determined, the Executive Committee will establish a Panel and set its terms of reference for further review of the Casino Project.

What is the Yukon‑B.C. Grid Connect and how could it affect Western Copper and Gold (WRN)?
The Yukon‑B.C. Grid Connect is one of five transmission projects that Canada’s federal government prioritized for financial and regulatory support. This priority status, under the National Electricity Strategy, strengthens the energy infrastructure backdrop that could support long-term power needs in Yukon, including those relevant to the Casino Project.

What is the Casino Project that Western Copper and Gold (WRN) is advancing?
The Casino Project is described as Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold projects globally. Western emphasizes collaboration with First Nations and local communities and the use of internationally recognized responsible mining technologies and practices.

What risks and uncertainties does Western Copper and Gold (WRN) highlight for the Casino Project?
Western notes risks such as unforeseen challenges in advancing the Casino Project, potential impacts on operational continuity, and changes in general market conditions. It refers investors to its annual information form, Form 40‑F, and other publicly filed documents for a full discussion of these risks.

How does federal policy support relate to Western Copper and Gold (WRN)?
Canada’s National Electricity Strategy, launched in 2026, aims to double grid capacity by 2050 and prioritizes five transmission projects, including Yukon‑B.C. Grid Connect. This federal focus on northern energy infrastructure provides a more supportive context for large projects like Casino that depend on long-term power solutions.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-35075

WESTERN COPPER AND GOLD CORPORATION
(Translation of registrant's name into English)

Suite 907 – 1030 West Georgia Street,
Vancouver, BC, Canada V6E 2Y3
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[   ] Form 20-F   [ x ]  Form 40-F

SUBMITTED HEREWITH

Exhibits

Exhibit   Description
   
99.1   News Release dated July 20, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Western Copper and Gold Corporation
  (Registrant)
     
Date: July 20, 2026 By: /s/ Sandeep Singh
    Sandeep Singh
     
  Title: President & Chief Executive Officer

NEWS RELEASE
TSX: WRN
NYSE American: WRN

July 20, 2026

Western Copper and Gold Provides Corporate Update

Vancouver, B.C. Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN; NYSE American: WRN) is pleased to provide an update on recent developments relating to the Casino Project.

Highlights and Recent Developments

  • Mitsubishi Materials Share Purchases Completed: Further to the Company's news release dated June 15, 2026, Mitsubishi Materials Corporation has completed its acquisition of 1.2 million common shares of the Company through non-dilutive open market purchases, satisfying the conditions for the extension of the amended and restated investor rights agreement. Mitsubishi Materials' ownership in Western has returned to approximately 5%.
  • YESAB Sufficiency Responses Submitted: On July 15, 2026, the Company submitted its responses to the supplementary information and clarification requests received from the Executive Committee of the Yukon Environmental and Socio-economic Assessment Board ("YESAB"). The responses add to the substantial body of technical work that is the foundation for YESAB's review of the Project. Upon a determination of sufficiency, the Executive Committee will establish the Panel and set its terms of reference.
  • Yukon-B.C. Grid Connect Named a Federal Priority: On June 26, 2026, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced that the federal government will prioritize financial and regulatory support for five transmission projects across Canada, including the Yukon-B.C. Grid Connect. The announcement builds on Canada's National Electricity Strategy, launched by Prime Minister Mark Carney on May 14, 2026, which aims to double the capacity of Canada's grid by 2050.

"We are advancing diligently through the YESAB process, and our team is committed to the highest levels of technical analysis and engagement as we move forward," said Sandeep Singh, President & CEO of Western. "In parallel, the backdrop for our project, and our company, continues to strengthen. Whether it is through ongoing support from partners such as Mitsubishi Materials, or the building momentum around long term energy alternatives in the Yukon, there is growing realization that the Casino project can be a key driver of sustainable, long term, shared benefits in the Yukon and in Canada."

About Western Copper and Gold Corporation

Western Copper and Gold Corporation is advancing the Casino Project, Canada's premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world. 

The Company is committed to working collaboratively with First Nations and local communities to progress the Casino Project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com.

westerncopperandgold.com 1
NEWS RELEASE

On behalf of the board,

"Sandeep Singh"

Sandeep Singh

President and CEO

Western Copper and Gold Corporation

For more information, please contact:

Cameron Magee

Director, Investor Relations & Corporate Development

Western Copper and Gold Corporation

437-219-5576 or cmagee@westerncopperandgold.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the YESAB assessment process, including the determination of sufficiency and the establishment of the Panel and its terms of reference, the development and federal support for the Yukon-B.C. Grid Connect, and the potential benefits of the Casino Project.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino Project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

westerncopperandgold.com 2

Source: View Original Filing on SEC EDGAR

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