Base Metals

Rights associated with the Investor Rights Agreement have been Extended

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN); (NYSE American: WRN) announces that Rio Tinto Canada Inc. ("Rio Tinto") has exercised its right to extend certain rights under the investor rights agreement (the "Agreement") between the Company and Rio Tinto dated May 28, 2021 .

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

By exercising of the extension rights, Rio Tinto continues to have the right to appoint:

  • one member to a Casino Project Technical Committee until the earlier of: (a) Rio Tinto's ownership falling below 5.0%; and (b) November 28, 2023 .
  • one non-voting observer to attend all meetings of the board of directors of the Company until the earlier of (a) Rio Tinto's ownership falling below 5.0%; (b) November 28, 2023 ; and (c) such time as Rio Tinto may appoint a director.
  • one director of the Company, if Rio Tinto's ownership increases to at least 12.5% before November 28, 2023.
  • up to three secondees to the Casino Project until the earlier of: (a) Rio Tinto's ownership falling below 5.0%; and (b) November 28, 2023.

Additionally, Rio Tinto's rights regarding access to information about the Casino Project and review of technical disclosure are also extended.

"We are pleased that Rio Tinto has elected to extend its rights as an investor in the Company," said Paul West-Sells , President and CEO. "We look forward to extending our great working relationship with Rio Tinto as they continue to work to assess the Casino Project."

"We are pleased to continue our evaluation of the Casino Project," said Bold Baatar, Chief Executive, Copper, Rio Tinto.

A copy of the Agreement can be found on SEDAR ( www.sedar.com ) under the Company's profile.

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,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements, including statements with respect to the extended rights provided to Rio Tinto. 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. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-announces-extension-of-rio-tintos-rights-301686449.html

SOURCE Western Copper and Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/23/c3681.html

News Provided by Canada Newswire via QuoteMedia

WRN:CA
Western Copper and Gold Corporation (TSX:WRN, NYSE:WRN)

Western Copper and Gold

Keep reading...Show less
WESTERN COPPER AND GOLD PROVIDES UPDATE ON CASINO ASSESSMENT PROCESS

WESTERN COPPER AND GOLD PROVIDES UPDATE ON CASINO ASSESSMENT PROCESS

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) through its wholly-owned subsidiary, Casino Mining Corporation ("Casino") has been informed by the Executive Committee of the Yukon Environmental and Socio-Economic Assessment Board ("YESAB") that it is necessary to revise the Environmental and Socio-Economic Statement Guidelines (the "Guidelines"), which were issued June 20, 2016 following the Casino Copper-Gold Project's (the "Project") referral to a Panel of the Board (the "Panel Review").

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

The need to revise the Guidelines is the result of discussions between the Company and YESAB on how to address changes in assessment methods, environmental best practices, and enhancements to the Project that have occurred since the issuance of the original Guidelines in 2016. The revision process will commence immediately and is not expected to have a material impact on overall permitting timelines.

The Guidelines are an important component of the Panel Review process and outline the structure and scope of the Environmental and Socio-Economic Statement Casino will submit to describe the potential effects of the Project, showing stakeholders how the Project can be developed in a socially and environmentally responsible way.

Revising the Guidelines ensures that the Panel Review process reflects leading industry best practices. The revision process includes a public comment period that provides Casino with an opportunity to engage the broader public in addition to Federal, Territorial and First Nation governments.

"The Company is committed to ensuring that review of the Casino Project occurs in a robust manner using the most up to date methodologies in environmental assessment and this review will achieve that without material impact to overall timelines." stated Paul West-Sells , President and Chief Executive Officer. "We remain confident that the Casino Project is a great asset for Yukon that will provide benefits to Yukon communities and First Nations for generations to come."

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,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
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

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2022/31/c9769.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
FORMER WESTERN COPPER AND GOLD CHAIRMAN DALE CORMAN TO BE INDUCTED INTO THE CANADIAN MINING HALL OF FAME

FORMER WESTERN COPPER AND GOLD CHAIRMAN DALE CORMAN TO BE INDUCTED INTO THE CANADIAN MINING HALL OF FAME

WESTERN AND CORMAN TO FUND SCHOLARSHIPS FOR SCIENCE AND ENGINEERING RELATED TO MINING

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that F. Dale Corman the Company's founder and former Chaiman and CEO, will be inducted into the Canadian Mining Hall of Fame on August 18, 2022 . The Canadian Mining Hall of Fame celebrates individuals who make Canada's mining industry a global leader. It recognizes outstanding achievement in the mining industry and aims to inspire future generations in mining.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD FILES FEASIBILITY STUDY ON CASINO PROJECT

WESTERN COPPER AND GOLD FILES FEASIBILITY STUDY ON CASINO PROJECT

Western Copper and Gold Corporation (the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has filed a technical report titled "Casino Project, Form NI 43-101F1 Technical Report Feasibility, Yukon, Canada " with an effective date of June 13, 2022 (the "Report").

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

The Report summarizes the results of a feasibility study on the Casino copper-gold project, which results were first reported by the Company in a news release dated June 28, 2022 .

The Report is available on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov/edgar.shtml ) and is also posted on the Company's website ( www.westerncopperandgold.com ).

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.  For more information, visit www.westerncopperandgold.com .

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.

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
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/August2022/09/c1575.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Toronto Stock Exchange, Western Copper and Gold, The View From The C-Suite

Toronto Stock Exchange, Western Copper and Gold, The View From The C-Suite

Paul West-Sells President and CEO of Western Copper and Gold ("Western" or the "Company")  (TSX: WRN) shares his Company's story in an interview with TMX Group.

The View From The C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View From The C-Suite visit https://www.tmxmoney.com/en/csuite.html .

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.  For more information, visit www.westerncopperandgold.com .

SOURCE Toronto Stock Exchange

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/08/c5019.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD ANNOUNCES POSITIVE FEASIBILITY ON CASINO

WESTERN COPPER AND GOLD ANNOUNCES POSITIVE FEASIBILITY ON CASINO

$2.3 billion After-Tax NPV (8%) at Base Case metal prices
After-Tax IRR 18.1% at Base Case metal prices
Cashflow over the first four years of $951 million per year at Base Case metal prices

Base Case development contemplates 27-year mine life
Base Case metal prices:  Cu: US$3.60 /lb, Au: US$1,700 /oz, Ag: US$22 /oz, Mo: US$14 /lb

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Merida Announces Name Change and Results of Annual General and Special Meeting

Merida Announces Name Change and Results of Annual General and Special Meeting

Merida Minerals Holdings Inc ., (the " Corporation " or " Merida ") (TSXV: ESPN) announced that the Corporation has changed its name to "Hispania Resources Inc." effective November 17, 2022. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange under its current trading symbol "ESPN" at market open on December 14, 2022. There is no consolidation or change in the share capital. The Corporation is changing its name as it plans to acquire additional mining property in various regions of Spain. Given these plans for expansion, the Corporation felt that the current name "Merida", being a reference to the specific region in Spain where the Corporation's current mining property is located, is no longer appropriate.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Fireweed Announces Increase to Previously Announced Offering to $35 Million

Fireweed Announces Increase to Previously Announced Offering to $35 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce that its previously announced financing has been substantially oversubscribed due to strong investor interest, and the private placement (the " Offering ") has been increased to aggregate gross proceeds of up to $35 million.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
EMP METALS ACQUIRES THIRD WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP METALS ACQUIRES THIRD WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce that Hub City Lithium Corp. (" HCL "), a subsidiary company to EMP, has acquired an additional wellbore in its Mansur Permit Area.

The new well, 141/08-03-009-13 W2M (" Third Test Well "), is located at the Mansur Permit Area of southeast Saskatchewan and is approximately half a mile from the Company's first test well in the Mansur which confirmed concentrations of up to 96.3 mg/l in the Duperow zone and approximately one and a half miles from the second test well for which results are pending (please see press release dated October 31 , 2022).  The Third Test Well has been acquired for no consideration and the assumption of future abandonment and reclamation costs.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Benton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick

Benton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick

Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman"), together, (the "Alliance") are happy to report the commencement of the third phase of drilling at the Kraken Lithium Prospect. The Alliance is also extremely pleased to announce a new discovery, the Killick Zone, where surface grab samples graded up to 1.12% Li2O, located 200 m south of the East Dyke Zone (see press release October 18, 2022).

Currently, the Alliance has completed three holes GH-22-25, GH-22-26, and GH-22-27 on the new discovery, intersecting multiple, near-surface, spodumene-bearing dykes. Hole GH-22-25 cut eight pegmatite dykes ranging from 0.8 m to 11.2 m thick (drilled thickness, true thickness uncertain at this time), including an 8.8 m interval with visible spodumene in the 11.2 m dyke. Hole GH-22-26, drilled 35 m behind GH-22-25, also cut multiple spodumene-bearing dykes with drilled thicknesses ranging from 0.8 m to 10.5 m. The 10.5 m-thick dyke carried visible spodumene over its entire width. Hole GH-22-27 was drilled 30 m north of holes 25 and 26 along strike and cut two pegmatite dyke zones of 14.2 m and 2.95 m thick. Visual spodumene is present over 12.83 m of the 14.2 m interval and the entire length of the 2.95 m interval.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Fireweed Announces Lundin Family Leading $27 Million Private Placement

Fireweed Announces Lundin Family Leading $27 Million Private Placement

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce a non-brokered private placement (the " Offering ") for gross proceeds of up to CAD$27,523,500. The private placement includes lead orders by members of the Lundin family ("Lundins") and other key shareholders.

Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Barksdale Reports Initial Resource for San Javier

Barksdale Reports Initial Resource for San Javier

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce an initial resource estimate at Cerro Verde as part of the San Javier copper-gold project ("San Javier" or the "Project"), located within two hours of Hermosillo in the state of Sonora, Mexico. The resource is pit-constrained and uses a base case of US$4.00lb copper and various cut-off grades according to metallurgical characteristics of the mineralization. The estimate was prepared by Independent Mining Consultants, of Tucson, Arizona ("IMC") based on historic drilling at Cerro Verde between 2006 to 2021 and is effective as of October 31, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×