Vancouver, British Columbia, February 2, 2023 /CNW/- Western Copper and Gold Corporation (“Western” or the “Company”) (TSX: WRN) (NYSE American: WRN) is pleased to announce its latest research into the potential economic impact of developing a wholly-owned casino CopperGold project. (“Casino” or “Project”) Yukon When Canada Recently completed by MNP LLP (“Report”).
This report incorporates the results of a casino feasibility study to date. August 8, 2022.
The report highlights the impressive cumulative economic impact of casino development on the world. Yukon When Canada During construction, operation, closure and reclamation of the project.Casino projects are estimated to contribute $44.3 billion To Canada’s gross domestic product (“GDP”), creating 132,280 full-time equivalent jobs (“FTE”); $12.8 billion Wages and salaries for the entire duration of the project. Note that the use of FTE is a way of describing partial employment or employment for varying periods, with 1.0 FTE equaling full-time work for his one year of employment.
The report Yukon by building a casino $1.7 billionEstimated to be contributed by the construction phase $3.6 billion To Canada’s Generating 25,580 FTEs, $2.1 billion in overall wages and salaries Canada.
During its 27 years of operation, the casino project is expected to contribute. $1.3 billion To Yukon’s Economy.Estimated to contribute to mine operations $1.5 billion To Canada’s generated 3,880 FTEs, $391 million in overall wages and salaries Canada.
Expected to spawn casino projects as well $11.2 billion With taxes and royalties to various governments during my life.
“The Casino Project is one of the most important mineral projects in the world. Canada In addition to providing much-needed minerals to aid in the energy transition, it offers significant economic benefits. Yukon When Canada‘ said Dr. Paul Westsells, President and CEO of Western. “Furthermore, casino projects offer additional benefits such as training, education and infrastructure enhancement. Yukon long term. Importantly, Euconor is able to do this while developing his project in a way that reflects his environmental and sociocultural values. ”
About Western Copper and Gold Corporation
Western Copper and Gold Corporation is developing a casino project. Canada’s The best copper gold mines in Yukon Territory It is one of the world’s most economically untapped copper and gold mining projects.
We are committed to working with indigenous peoples and local communities to advance our casino projects using internationally recognized and responsible mining techniques and practices.
For more information, see: www.westerncopperandgold.com
On behalf of the Council,
“Paul West Sells”
Doctor Paul West-Sells
Representative Director and President
Western Copper and Gold Corporation
Cautionary Note Regarding Forward-Looking Statements and Information
This news release contains certain forward-looking statements regarding the expected development of Western’s business in future periods. Statements that are not historical facts are “forward-looking statements.” usa “Forward-Looking Information” (collectively, “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 and the Canadian Securities Administrator’s National Instrument 51-102 (“NI 51-102”)). forward-looking statements”). Forward-looking statements include, but are not always, “expects,” “anticipates,” “believes,” “intends,” “estimates,” “could,” “could,” etc. is often identified by the word , or similar expressions. An event, condition, or outcome “occurs,” “could,” “could,” or “should occur,” or be achieved. In preparing the forward-looking statements herein, we apply certain key assumptions. This includes, but is not limited to, the assumption that general business conditions will not change materially adversely.
Forward-looking statements are forward-looking statements and are inherently uncertain, and the actual results, performance, or achievements of Western and its subsidiaries may, for a variety of reasons, be expressed or implied by the forward-looking statements. Future results, performance or achievements may differ materially. of risks, uncertainties and other factors. Such risks and other factors include, among others, risks associated with fluctuations in gold, copper and other commodity prices and exchange rates. Uncertainty regarding the interpretation of drilling results, geology, continuity, ore grade. Uncertainties in capital and operating costs, recovery rates, production volume estimates, and economic profit estimates. Risks associated with operating joint ventures. Risks associated with cooperation between government agencies and First Nations in developing property and issuing necessary permits. risks associated with the need for additional funding to develop the assets and the uncertainty regarding the availability and terms of future funding; Potential delays in construction projects and uncertainty in achieving expected program milestones. Uncertainty about the timely availability of permits and other government approvals. Other risks and uncertainties disclosed in Western’s AIF and Form 40-F and other information published by Western and filed with applicable regulatory authorities.
Western’s forward-looking statements are based on management’s beliefs, expectations and opinions as of the date the statements are made, and Western does not assume any intention or obligation to update or revise any forward-looking statements. expressly disavows. new information, future events or other results, except as otherwise required by applicable securities laws; For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
