Global Copper Market Expected to Reach $548 Billion By 2034 as Bullish Sentiment is Projected Long Term

Global Copper Market Expected to Reach $548 Billion By 2034 as Bullish Sentiment is Projected Long Term

FinancialNewsMedia.com News Commentary - In the global copper market, the demand for copper is projected to increase in coming years. An article in Forbes said: "The world is running short of copper, and companies and countries are scrambling. This essential metal, a staple of civilization going back to the bronze age, is the lifeblood of existing energy infrastructure and cutting-edge technology. Unfortunately, it faces a projected supply shortfall by 2025 with projections showing a 20% price jump by May 2027 . Annual demand will surge to 36.6 million metric tons by 2031 up from 25.3 million in 2021." Another article in industry source, MetalMiner added : "… the world knows that although the current global copper reserves are sufficient to meet demand, extraction continues to lag behind consumption. As a result, many inside and outside the copper market fear there will be a shortage in the coming years. Predictions say that the annual global demand for copper will increase by about 40% by 2040. There are multiple factors fueling this expected growth, including the global move toward renewable energy and sustainable transportation. Given this current environment, any developments around copper and its mining remain guaranteed to hit the headlines." Active Companies mentioned in the article includes: Brixton Metals Corporation (OTCQB: BBBXF) (TSX-V: BBB), BHP Group Limited (NYSE: BHP), Ivanhoe Electric Inc. (NYSE: IE) (TSX: IE), western copper and gold corporation (NYSE: WRN) (TSX: WRN), Copper Fox Metals Inc. (OTCQX: CPFXF) (TSX-V: CUU).

A report from Precedence Research projected that the global copper market size was USD 318.19 billion in 2023, calculated at USD 333.15 billion in 2024 and is expected to reach around USD 548.20 billion by 2034, expanding at a CAGR of 5.11% from 2024 to 2034. The report continued: "The copper market is a pivotal component within the global economic landscape. Copper, a highly conductive metal with applications spanning various sectors such as electronics, construction, and transportation, plays a fundamental role in contemporary technological advancements, including electric vehicles, telecommunications, and sustainable energy solutions. The market's vitality depends on factors like infrastructure development, industrial performance, and the evolution of cutting-edge technologies. Moreover, the increasing emphasis on environmental sustainability has elevated the significance of copper recycling practices. Consequently, the copper market retains its prominence, demonstrating resilience and adaptability while continuing to evolve in response to changing economic and ecological demands. The Asia Pacific copper market size was valued at USD 124.09 billion in 2023 and is expected to surpass USD 213.80 billion by 2034, growing at a CAGR of 5.30% from 2024 to 2034."

Brixton Metals Corporation (OTCQB:BBBXF) (TSXV:BBB) Provides Assays from the Second Camp Creek Drill Hole of the 2024 Exploration Program with an Upper 61.5m Gold Dominant Zone and a Lower 1126.05m Interval of Porphyry Copper Dominant Zone

  • Gold Zone: 61.5m of 0.89 g/t Gold Including 4.65m of 6.15 g/t Gold
  • Copper Zone: 1126.05m of 0.31% CuEq, Including Sub-intervals of 575.50m of 0.45% CuEq, 247.94m of 0.57% CuEq, 81.50m of 0.60% CuEq, 30.55m of 0.67% CuEq

Brixton Metals Corporation (the " Company " or " Brixton ") is pleased to announce its second drill hole results of the 2024 season from its wholly owned Thorn Project located in NW British Columbia, Canada. The Thorn Project is an underexplored copper-gold porphyry district with 16 large scale exploration target areas identified. Brixton is operating with two diamond drills and will continue drilling until the end of the season.

Highlights

  • A gold dominant zone identified above porphyry-copper mineralization in hole THN24-291 from 116.50-178.00m represents a potential southwest extension to the high-sulphidation gold system of the Talisker Zone to a 900m strike length yielding:
    • 61.50m of 0.89 g/t Au, 10.5 g/t Ag, 0.13% Cu
    • Including 37.30m of 1.35 g/t Au, 16.1 g/t Ag, 0.21% Cu
    • Including 11.00m of 3.53 g/t Au, 43.7 g/t Ag, 0.67% Cu
    • Including 4.65m of 6.15 g/t Au, 61.9 g/t Ag, 0.96% Cu
  • Copper dominant porphyry mineralization within THN24-291 begins at 397.95m depth and ended in mineralization at 1524m with increasing copper grades observed over the bottom 25m
  • Hole THN24-291 intercepted broad zones of Cu-Au-Ag-Mo mineralization:
    • 1126.05m 0.18% Cu, 0.05 g/t Au, 1.82 g/t Ag, 167 ppm Mo ( 0.31% CuEq )
    • 575.50m of 0.27% Cu, 0.06 g/t Au, 2.32 g/t Ag, 266 ppm Mo ( 0.45% CuEq )
    • 247.94m of 0.34% Cu, 0.10 g/t Au, 2.81 g/t Ag, 295 ppm Mo ( 0.57% CuEq )
    • 55.94 of 0.44% Cu, 0.13 g/t Au, 3.60 g/t Ag, 253 ppm Mo ( 0.66% CuEq )
    • 30.55m of 0.46% Cu, 0.13 g/t Au, 3.95 g/t Ag, 212 ppm Mo ( 0.67% CuEq )
    • 21.00m of 0.38% Cu, 0.05 g/t Au, 2.62 g/t Ag, 456 ppm Mo ( 0.65% CuEq )
  • Hole THN24-291 significantly extends the footprint of mineralized porphyry at Camp Creek towards the northwest

Vice President of Exploration, Christina Anstey, stated, "We are excited to announce that THN24-291 has expanded the known broad copper mineralization at the Camp Creek Porphyry Target and provided a 250-meter extension of the Talisker Gold Zone at the Thorn Project. We look forward to receiving additional assays from the Camp Creek drilling and some of the new multi-kilometer scale regional untested drill targets being explored during this fully funded season." CONTINUED…   Read this full press release for Brixton Metals at: https://brixtonmetals.com/news/

In other mining news of interest:

BHP Group Limited (NYSE: BHP) and Lundin Mining Corporation have recently agreed to jointly acquire 100% of Filo Corp., a Toronto Stock Exchange (TSX) listed company, through a Canadian plan of arrangement (Filo Acquisition). Filo Corp. owns 100% of the Filo del Sol (FDS) copper project.

BHP and Lundin Mining have also agreed to form a 50/50 joint venture to hold the FDS and Josemaria projects (Joint Venture) located in the Vicuña district of Argentina and Chile (together with the Filo Acquisition, the Proposed Transaction). Lundin Mining owns 100% of the Josemaria project. The Joint Venture will create a long-term partnership between BHP and Lundin Mining to jointly develop an emerging copper district with world-class potential.

Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin recently said that they are pleased to provide an update on recent progress at the Santa Cruz Copper Project in Arizona, including drilling activities and the selection of external consultants to advance the Project's Preliminary Feasibility Study(" PFS").

Mr. Melvin commented: "Selecting the lead external consultants for our Santa Cruz Copper Project is a major milestone in the advancement of our modern, high-grade underground copper project on private land in Arizona. We are excited to have Fluor, a recognized global leader in the design, engineering and construction of high-quality mining projects, lead a world-class team of experienced consultants to assist with our Preliminary Feasibility Study. Our dedicated team of professionals continues to make significant progress at Santa Cruz. We remain on schedule to deliver the completed PFS by the end of the second quarter in 2025."

western copper and gold corporation (NYSE American: WRN)   (TSX: WRN) recently announced additions to the Company's senior management team. In early August, Michael Psihogios will be taking over the role of Chief Financial Officer from Varun Prasad, and Jeff Eng will be assuming the role of Vice President Projects.

Sandeep Singh, CEO of Western, stated: "We are extremely pleased to be adding two high quality professionals to the Western team. Both Michael and Jeff bring highly relevant experience and an operational mindset to their positions. Coupled with our strong Yukon based team, they will be integral to advancing the Casino project through the assessment and permitting phase.

I would like to thank Varun Prasad for his 13 years of dedicated service to the Company. Over a short period of overlap, Varun has proven to be a great partner and we wish him the best as he focuses more time on his young family and future endeavours. He will continue in his role for the next two months to assist with the CFO transition."

Copper Fox Metals Inc.   (OTCQX: CPFXF) (TSX-V: CUU) and its wholly owned subsidiary, Desert Fox Mineral Mountain Co. ("Desert Fox"), recently provided results of a recently completed sampling program and an update on the permitting process related to obtaining a drilling permit on its 100% owned Mineral Mountain porphyry copper property (2,692.4 ha) located within the Mineral Mountain Mining District, Arizona.

The Mineral Mountain Mining District occurs within a northeast trending porphyry copper belt and is located approximately 25 kilometers ("km") (15 miles) southwest from Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 25 km northeast of Taseko's Florence porphyry copper deposit.

Elmer B. Stewart, President, and CEO of Copper Fox, stated, "We are pleased with the progress of the Environment Review process and having the baseline data in hand, allows SWCA to transition to compilation and interpretation of the data sets. In addition to advancing the Environmental Review process, our recent work has expanded the porphyry potential of the Mineral Mountain district by at least 3 km to the northeast and suggests the introduction of several phases of molybdenite mineralization during emplacement of the porphyry system."

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WESTERN COPPER AND GOLD APPOINTS RAYMOND THRELKELD AS CHAIRMAN

WESTERN COPPER AND GOLD APPOINTS RAYMOND THRELKELD AS CHAIRMAN

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce the appointment of Mr. Raymond Threlkeld as Chairman of the Board. Mr. Threlkeld, who joined the Board on June 27, 2024 succeeds Dr. Bill Williams who served as Interim Chairman since February 22, 2024 . Dr. Williams will continue to serve on the Board as a director.

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

"I am pleased with the progress made during my tenure as Interim Chairman," said Bill Williams . "With Ray's extensive background in project development, construction, and executive management, I am confident he is the right person to lead the Board moving forward".

"I am excited to step into the role of Chairman and to lead the Board during this pivotal time for Western," said Raymond Threlkeld . "I look forward to collaborating with my fellow directors and management to unlock the full potential of the Casino Project".

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our 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 .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

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WESTERN COPPER AND GOLD WELCOMES FEDERAL FUNDING FOR B.C.-YUKON GRID CONNECT PROJECT

WESTERN COPPER AND GOLD WELCOMES FEDERAL FUNDING FOR B.C.-YUKON GRID CONNECT PROJECT

 western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) welcomes the recent announcement by Natural Resources Canada ("NRCan"), conditionally approving C$40 million in federal funding to undertake pre-feasibility activities to advance a high-voltage transmission line network connecting the Yukon electrical grid to the North American grid in British Columbia . This funding would be provided through the Critical Minerals Infrastructure Fund ("CMIF").

The announcement was made on September 20, 2024 , by the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, with the Honourable Josie Osborne, British Columbia's Minister of Energy, Mines and Low Carbon Innovation, and the Honourable Ranj Pillai, Premier of the Yukon .

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WESTERN COPPER AND GOLD PROVIDES PROJECT UPDATE

WESTERN COPPER AND GOLD PROVIDES PROJECT UPDATE

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) through its wholly-owned subsidiary, Casino Mining Corporation (" Casino ") has submitted to the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") Executive Committee an updated and refined schedule for submission of the Environmental and Socio-economic Effects Statement ("ESE Statement") for the Casino Mine Project. The ESE Statement will form the basis for the Company's assessment application for the Panel Review and will include all the material outlined in the Revised ESE Statement Guidelines issued on September 12, 2023 .

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

In the schedule, Casino indicates that it plans to submit the ESE Statement in or around July 2025 , which is an update from the previously estimated submission date of the second half of 2024. Ongoing detailed review of the guidelines during the winter of 2023, followed by updated work planning and schedule mapping of our technical consultants, in conjunction with further conversations and development of engagement plans with First Nations, have led to have a clearer picture of the level of effort and associated timelines to produce our ESE Statement.

"Western is committed to ensuring a robust review of the Casino project, as the first and only project in the Yukon going through the highest level of review and relying on the most up to date methodologies in environmental assessment." stated Sandeep Singh , Chief Executive Officer. "It was paramount to me when I joined that I became comfortable with our permitting plan before launching into the panel review process and that we were well funded to navigate the assessment process successfully.

We look forward to compiling all the hard work and proper science that has already gone into the project and moving steadily towards submission. We also continue to closely monitor the situation in the Yukon following the Eagle mine failure. The Company welcomes the proposed investigation of the failure and believe that Casino 's assessment timeline will more than allow for the incorporation of any lessons learned through that process.

We are confident that the Casino project can be a sustainable critical minerals asset for the Yukon , and can be the type of mine that helps improve the Yukon's mining legacy, to the benefit of all Yukoners."

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our 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

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

SOURCE western copper and gold corporation

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WESTERN COPPER AND GOLD STRENGTHENS MANAGEMENT TEAM

WESTERN COPPER AND GOLD STRENGTHENS MANAGEMENT TEAM

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce additions to the Company's senior management team.

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

In early August, Michael Psihogios will be taking over the role of Chief Financial Officer from Varun Prasad , and Jeff Eng will be assuming the role of Vice President Projects.

Sandeep Singh , CEO of Western, stated: "We are extremely pleased to be adding two high quality professionals to the Western team. Both Michael and Jeff bring highly relevant experience and an operational mindset to their positions. Coupled with our strong Yukon based team, they will be integral to advancing the Casino project through the assessment and permitting phase.

I would like to thank Varun Prasad for his 13 years of dedicated service to the Company. Over a short period of overlap, Varun has proven to be a great partner and we wish him the best as he focuses more time on his young family and future endeavours. He will continue in his role for the next two months to assist with the CFO transition."

Mr. Psihogios is an experienced financial executive working with public, private and investment companies in the natural resource industry over the past 20 years. Mr. Psihogios is currently the CFO of Atlas Salt Inc. and will transition roles over the coming months. Previously, he was the CFO of DUMAS Mining, an underground mine builder from 2016 to 2021, where he established the systems and controls for a successful business turnaround and profitable growth strategy. Prior to DUMAS Mining, Michael worked with an international natural resource private equity fund on numerous senior executive, financial and corporate development secondment roles within portfolio companies.

Mr. Eng brings experience across a number of disciplines leading to successful project studies and the development of mining projects. Most recently he was a Project Director for Teck Resources working on the mine life extension for the Red Dog mine, among other projects. Prior, he was Director of Engineering and Interim VP Project Development for Sabina Gold and Silver during the permitting and early execution phases of the Back River project. Mr. Eng spent 13 years with AMEC in several different, and increasingly senior, roles including Site Engineering Manager for the construction of the Mount Milligan mine in BC and lead roles in numerous studies and execution projects ranging from the Jansen potash project in Saskatchewan to Snap Lake Diamond Mine in Northwest Territories .

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our 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 .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: strengthening the Company's management capabilities to better unlock the value potential of the Casino project, the remaining upside from additional resources or optimizations to the project and the expected closing of the Placement; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

SOURCE western copper and gold corporation

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WESTERN COPPER AND GOLD ANNOUNCES VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING

WESTERN COPPER AND GOLD ANNOUNCES VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the voting results from the Company's Annual General and Special Meeting ("AGM") held on June 27, 2024.

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

A total of 101,875,249 common shares were represented at the AGM, representing 51.92% of the votes attached to all outstanding common shares as at the record date.

Shareholders voted in favour of setting the number of directors at seven (7) and elected all directors, as follows:

Director

Votes For

% For

Votes Withheld

% Withheld

Robert Chausse

90,608,768

99.84 %

165,930

0.16 %

Tara Christie

82,647,749

90.20 %

8,979,661

9.80 %

Sandeep Singh

91,295,444

99.64 %

331,966

0.36 %

Raymond Threlkeld

90,876,101

98.85 %

1,018,642

1.11 %

Michael Vitton

87,843,574

95.87 %

3,783,836

4.13 %

Bill Williams

83,566,754

91.20 %

8,060,656

8.80 %

Klaus Zeitler

83,576,626

91.21 %

8,050,785

8.79 %

Shareholders also approved:  (i) the appointment of PricewaterhouseCoopers LLP as auditors of the Company and authorized the directors to set their remuneration, (ii) unallocated stock options under the Company's stock option plan, (iii) unallocated rights under the Company's deferred share unit plan, (iv) unallocated rights under the Company's restricted share unit plan.

The Company's report of voting results will be available on SEDAR ( www.sedar.com ), EDGAR ( www.sec.gov/edgar.shtml ), and on the Company's website.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our 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 .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/27/c2084.html

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