# Yukon mining corporate developments > Live situation record from CLSTR: https://clstr.news/situations/yukon-mining-corporate-developments > Updated: 2026-08-28T12:27:58.000Z. Sources: 2. Developments: 2. Mining operations in Canada’s Yukon Territory have seen significant corporate restructuring and capital activities. White Gold Corp initiated a spin-out of its critical mineral properties in the Dawson Range to form a new entity, W2 Critical Minerals Corp. Following initial shareholder approval, the Ontario Superior Court of Justice granted White Gold approval to proceed with the spin-out. As part of this transition, W2 Critical Minerals upsized its non-brokered private placement financing from C$5 million to C$10 million. Upon completion, White Gold is expected to retain a 19.9% ownership interest in W2, with remaining shares distributed to White Gold shareholders as a dividend-in-kind. CEO David D’Onofrio noted that the critical mineral assets require the “dedicated capital and strategy” that the new entity will provide, while White Gold maintains its focus on gold exploration programs. In a separate development, Snowline Gold completed a C$172.6 million public offering of common shares to fund exploration, engineering, and permitting for its Valley gold deposit. ## Timeline ### 2026-08-28: White Gold secures court approval for critical minerals spin-out White Gold has secured court approval to spin out its Yukon critical minerals assets into W2 Critical Minerals, which has upsized its financing to C$10 million. 2 sources. https://clstr.news/cluster/white-gold-secures-court-approval-for-critical-minerals-spin-out ### 2026-08-12: Yukon mining companies announce spin-out and major capital raise Mining firms in Canada's Yukon are advancing operations, with White Gold Corp approving a critical minerals spin-out and Snowline Gold completing a C$172.6 million public offering. 4 sources. https://clstr.news/cluster/yukon-mining-companies-announce-spin-out-and-major-capital-raise --- Cite as: Yukon mining corporate developments. CLSTR, https://clstr.news/situations/yukon-mining-corporate-developments