Western Copper and Gold Corp. is pleased to announce that the Yukon Government has awarded Yukon based company Pelly Construction the contract for the Carmacks Bypass Project, the first section of the Casino Project access road and a $29.6 million investment. The Carmacks Bypass is expected to be completed in 2024 and will allow industrial vehicles to bypass the Village of Carmacks, reducing heavy traffic, improving [...]
Western Copper and Gold Corp. is pleased to announce an update to its 2021 exploration and drilling program at its wholly owned Casino Copper-Gold Project and the formal launching of a feasibility study on the Casino Project. Exploration and Drilling Program The 2021 exploration and drilling program was developed with input from Rio Tinto as outlined in the Investor Rights Agreement and Subscription Agreement, entered [...]
Western Copper and Gold Corp. is pleased to announce the appointment of Shena Shaw as Vice President, Environmental and Community Affairs, effective October 1, 2021. Ms. Shaw will be responsible for leading the environmental, permitting and community relations efforts for Western Copper and Gold and its wholly owned Casino Copper-Gold Deposit in Yukon, Canada . Ms. Shaw is looking forward to supporting the Casino Project [...]
Western Copper and Gold Corp. is pleased to announce that it has filed a technical report titled "Casino Project, Form NI 43-101F1 Technical Report Preliminary Economic Assessment, Yukon, Canada" with an effective date of June 22, 2021 . The Report summarizes the results of a preliminary economic assessment on the Casino copper-gold project, which results were first reported by the Company in a news release dated June 22 [...]
Western Copper and Gold Corp. is pleased to announce that it has completed the brokered private placement previously announced on July 6, 2021 of common shares of the Company that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act . RBC Capital Markets and Cormark Securities Inc., as lead agents, together with H.C. Wainwright & Co. LLC and Roth Capital Partners , acted as agents in [...]
Western Copper and Gold Corp. announces that it has entered into an agreement with RBC Capital Markets and Cormark Securities Inc. to conduct a marketed best efforts private placement of up to 2,670,000 common shares of the Company that will qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act at a price of $3.00 per FT Share for aggregate gross proceeds of up to approximately $8.0 [...]
Western Copper and Gold Corp. announces that Dale Corman, Founder of Western Copper and Gold and Executive Chairman of the Company's Board of Directors, has informed the Board that he will retire as of June 30, 2021. The Board has appointed Ken Williamson to act as Interim Chairman, and the Board has begun the process of finding a permanent replacement for Mr. Corman. Mr. Williamson has been a director of Western since [...]
Western Copper and Gold Corp. announces its 2021 exploration and drilling program at its wholly owned Casino Copper-Gold Project . The Program was developed with input from Rio Tinto as outlined in the Investor Rights Agreement and Subscription Agreement entered as part of an investment by Rio Tinto Canada in Western . The Program consists of several components outlined below: Exploration Drilling The 2021 program will [...]
$2.3 billion After-Tax NPV at Base Case metal prices After-Tax IRR 19.5% at Base Case metal prices Cashflow over the first four years of $965 million per year at Base Case metal prices Base case development contemplates 25-year mine life Extended Two-Phase development contemplates a 47-year mine life Base Case metal prices: Cu: US$3.35/lb, Au: US$1,600/oz, Ag: US$24/oz, Mo: US$12/lb [...]
Western Copper and Gold Corp. announces the voting results from the Company's Annual General and Special Meeting held on June 17, 2021. A total of 48,252,451 common shares were represented at the AGM, representing 35.53% of the votes attached to all outstanding common shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the Company's notice of meeting and information [...]
Western Copper and Gold Corp. announces it has completed its previously announced C$25.6 million strategic investment by Rio Tinto Canada Inc. , to advance the Company's copper-gold Casino Project in the Yukon. Rio Tinto acquired 11,808,490 common shares at a price of C$2.17 per share for aggregate gross proceeds of approximately C$25.6 million, resulting in Rio Tinto owning approximately 8.0% of Western's outstanding [...]
Western Copper and Gold Corp. announces a C$25.6 million strategic investment by Rio Tinto Canada Inc. , to advance the Company's copper-gold Casino Project in the Yukon. Rio Tinto has agreed to subscribe for and purchase 11,808,490 common shares at a price of C$2.17 per share for aggregate gross proceeds of approximately C$25.6 million, resulting in Rio Tinto owning approximately 8.0% of Western's outstanding common [...]