WESTERN AND CORMAN TO FUND SCHOLARSHIPS FOR
SCIENCE AND ENGINEERING RELATED TO MINING
VANCOUVER, BC, Aug. 17,
2022 /CNW/ - 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.
Mr. Corman was born in St. Catharines,
Ontario and earned a Bachelor of Science (Geology) from
Rensselaer Polytechnic Institute in
New York in 1961. His early
successes in the 1970's include the high-grade Sturgeon Lake base metal mine in Ontario, the Lake
George antimony mine in New
Brunswick and the Cullaton Lake gold mine in Nunavut. In subsequent decades he led several
Vancouver-based junior companies,
notably Western Copper Corp. which later through a name change
became Western Silver Corp. Mr. Corman's career highlights include
the discovery by Western Copper Holdings and Teck, of the
world-class San Nicolas deposit,
as well as the Penasquito mine in central Mexico. Penasquito ultimately became
Mexico's largest gold mine, second
largest silver mine and an important asset for current operator
Newmont Corporation. Mr. Corman served as president of seven public
companies and director of 25 listed companies and was involved in
the exploration and development of seven mines and mineral deposits
in Canada, and other parts of the
world.
In 2006, Mr. Corman identified the Casino deposit in
Yukon as a potential large tonnage
copper gold deposit. In subsequent years as President and Executive
Chairman he led Western Copper and Gold through exploration and
feasibility which confirmed Casino as one of the largest and most
economic copper and gold deposits in the world.
In honour of Mr. Corman's tremendous contributions to mining
over the past several decades, Western Copper and Gold through its
subsidiary Casino Mining Corp. is contributing $150,000 and Mr. Corman will match this
contribution to establish a $300,000
scholarship fund that will grant annual scholarships for up to
$5,000 in Mr. Corman's name for First
Nations, Yukoners, and Employees of Yukon Mining Companies to
pursue education in science and engineering. The scholarship will
have one $5,000 award in 2023 and
grow to multiple awards in future years.
"I am honoured that Western's Board of Directors have chosen to
initially fund a scholarship in my name. Education has been the
cornerstone of my success and personal happiness over my career in
mining. My hope and vision are that this fund will grow, along with
the development of the Casino Project, and will enrich the
education and passion for mining in the Yukon." said Mr. Corman.
"Western Copper and Gold is thrilled to honour Mr. Corman's
great legacy in mining, as well as support and encourage young
Yukoners to embark in a career in mining." said Ken Williamson, Interim Chairman of Western
Copper and Gold. "We look forward to many exciting developments in
Yukon in the years and decades to
come."
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
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