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
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
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
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For further information:
For more information, visit www.westerncopperandgold.com or please
contact: Sandy Noyes, Director, Investor Relations, 604.638.2520 or
CO: Western Copper and Gold Corporation
CNW 07:02e 17-AUG-22