Welcome to our dedicated page for Western Copper news (Ticker: WRN), a resource for investors and traders seeking the latest updates and insights on Western Copper stock.
Western Copper and Gold Corporation (WRN) is a Vancouver-based mining company focused on advancing the Casino copper-gold project in the Yukon Territory. Company news and regulatory disclosures consistently highlight Casino as Canada's premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world.
News related to WRN often centers on key milestones in the development of the Casino Project. This includes updates on the Environmental and Socio-economic Effects Statement submitted to the Yukon Environmental and Socio-economic Assessment Board, progress through the Panel Review process, and commentary on how the project aligns with Yukon and federal priorities around critical minerals, resource security, and large-scale infrastructure such as the proposed Yukon-B.C. Grid Connect.
Western Copper and Gold also issues news about governance and technical leadership, including board renewal, director appointments, and senior technical hires with extensive mining and Yukon-specific experience. Additional coverage includes collaboration with major industry participants through investor rights agreements and technical committees involving Rio Tinto Canada Inc. and Mitsubishi Materials Corporation.
Another recurring theme in WRN news is the company's stated commitment to working with First Nations and local communities. Examples include community investment initiatives such as support for Little Salmon Carmacks First Nation nutrition and wellness programs through the Casino Cares program. Investors and observers can use the WRN news stream to follow developments in project permitting, technical de-risking, community partnerships, and corporate governance as the Casino Project advances.
Western Copper and Gold Corporation (WRN) announced its 2022 exploration and drilling program for the Casino Copper-Gold Project, supported by Rio Tinto. The program targets a significant deep magnetotelluric (MT) anomaly and includes various components such as exploration drilling, advanced geological core logging, and geotechnical drilling, totaling approximately 1,500 meters. A comprehensive COVID-19 policy is in place to ensure safety during operations. CEO Paul West-Sells highlighted the excitement surrounding the project, foreseeing its importance for upcoming development plans.
Western Copper and Gold Corporation (TSX: WRN) has released positive assay results from the first nine holes of its 2021 diamond drilling program at the Casino Project in Yukon, totaling 6,074.97 meters in 22 holes. Notable findings include DDH21-07 with a 289.6 m intercept of 1.01% CuEq and DDH21-09 with a 65.8 m intercept of 2.53% CuEq. The results reaffirm the significance of the Deposit Core, demonstrating improved grades and extended mineralization zones, which are anticipated to enhance the project’s economic viability.
Western Copper and Gold Corporation (TSX: WRN) announced an update on its 2021 exploration and drilling program at the Casino Copper-Gold Project. As of September 30, 2021, the field program is complete, including metallurgical and geotechnical drilling, resource confirmation, and exploration drilling totaling over 4,120 meters. The company also launched a feasibility study for the Casino Project, engaging M3 Engineering & Technology Corporation, with a target completion in Q2 2022. This study aims to demonstrate positive economic indicators based on the Preliminary Economic Assessment conducted earlier.
Western Copper and Gold Corporation (TSX: WRN) announced the results of its Preliminary Economic Assessment (PEA) for the Casino copper-gold-molybdenum deposit. The PEA indicates a robust NPV of $2.3 billion after tax at an 8% discount rate, with a 19.5% IRR and a payback period of 3 years. The project's development involves a 25-year mine life, with potential for extension to 47 years. The estimated initial capital investment is $3.25 billion, and the first four years of operation could generate $965 million in annual cash flow. The project aims for sustainable operation and significant community engagement.
Western Copper and Gold Corporation (WRN) announced a strategic investment of C$25.6 million from Rio Tinto Canada Inc. to further develop the Casino Project in the Yukon. Rio Tinto will acquire approximately 11.8 million common shares at C$2.17 each, totaling an 8.0% stake in Western. The investment will fund feasibility studies and permit advancements for the project. A rights agreement will allow Rio Tinto to appoint members to technical committees and observers to board meetings. The deal is expected to close around May 31, 2021, pending regulatory approval.
Western Copper and Gold Corporation (TSX: WRN, NYSE American: WRN) has initiated a Preliminary Economic Assessment (PEA) for its Casino Deposit in the Yukon, Canada. Engaging M3 Engineering & Technology Corporation to execute the PEA, the project aims to assess a large open-pit mining operation to recover copper, gold, silver, and molybdenum. Key components include a concentrator and a heap leach facility. The PEA is set for completion in the second quarter of 2021, with the goal of demonstrating positive economic indicators to support further development.
Western Copper and Gold Corporation (WRN) has successfully closed its previously announced public offering, issuing 19,828,300 common shares at $1.45 each, raising approximately $28.75 million in gross proceeds. The offering, led by a syndicate of underwriters including Cormark Securities, involved an over-allotment option fully exercised. The funds will be utilized for exploration, engineering, permitting activities, and general working capital. This strategic financing supports the development of the Casino Project, a premier copper-gold mine in the Yukon Territory.
Western Copper and Gold Corporation (WRN) announced an increase in its overnight marketed public offering, now selling 17,242,000 common shares at $1.45 each, raising approximately $25 million. An over-allotment option may allow underwriters to purchase an additional 2,586,300 shares, potentially totaling $28.8 million. Proceeds will fund exploration, engineering, permitting, and general working capital. The offering is subject to regulatory approval and is expected to close on November 24, 2020.
Western Copper and Gold Corporation (TSX: WRN) announced a public offering of common shares, aiming to raise a minimum of $20,000,000. The offering will be led by Cormark Securities Inc. and includes a 15% over-allotment option for underwriters. Proceeds will support exploration, engineering, permitting activities, and general working capital. The offering, subject to regulatory approval, is projected to close by November 24, 2020. The preliminary prospectus has been filed in Canada and the U.S., ensuring compliance with relevant securities regulations.
Western Copper and Gold Corporation (TSX: WRN) announced the appointment of Dr. Bill Williams to its Board of Directors, effective November 6, 2020. Dr. Williams has nearly 40 years of experience in economic geology, focusing on mining and oil & gas projects, including leadership roles at Detour Gold Corporation and Orvana Minerals Corp. His expertise in project evaluations, M&A, and risk analysis is expected to bolster the company's strategy as it advances the Casino Project, a significant copper-gold mining initiative in Yukon, Canada.