Western Copper and GOLD Announces Submission of Ese Statement
WESTERN COPPER AND GOLD ANNOUNCES
SUBMISSION OF ESE STATEMENT
VANCOUVER, BC
,
Oct. 6, 2025
/CNW/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN)
(NYSE American: WRN) is pleased to announce the submission of its Environmental and Socio-economic Effects Statement
("ESE Statement") for the proposed
Casino
Project ("
Casino
" or the "Project") to the Yukon Environmental and Socio-economic
Assessment Board ("YESAB").
The submission is an important step in the Panel Review process under the
Yukon Environmental and Socio-economic
Assessment Act
("YESAA"), representing a significant positive step in the permitting process for
Casino
.
The ESE Statement details the assessment of potential Project-related and cumulative environmental and socio-economic
effects for Valued Environmental and Socio-economic Components ("VESECs"). With the implementation of a comprehensive
suite of environmental management measures, including mitigation measures, management and monitoring plans, and an
adaptive management approach, Project-related residual effects and any cumulative residual effects were assessed to be not
significant across all VESECs.
Shena Shaw
, Vice President of Environmental & Community Affairs, commented:
"Our submission represents years of careful planning and collaboration and demonstrates that
Casino
can be advanced in an
environmentally and socially responsible manner, with generational benefits for all Yukoners.
We remain steadfast in our commitment to ongoing collaboration with affected First Nations, local communities, and the
broader public – an approach that has been foundational to reaching today's milestone."
Sandeep Singh
, President & Chief Executive Officer, commented:
"Submission of the ESE Statement is a major achievement. I commend our team and our external consultants for their
diligence in completing this extensive and critical body of work.
We enter this next phase of assessment with a tremendous amount of scientific research underpinning the Project, the
highest environmental and socio-economic standards, and an unwavering commitment to responsible resource development
in the
Yukon
. We commit to continuing that rigorous analysis and deepening our collaboration with all Yukoners as we
advance through the regulatory process.
Casino
is positioned to play a pivotal role in improving the legacy of mining in the
Yukon
, enabling benefits that can serve the
territory for decades, and becoming a pillar of economic growth and prosperity in the North."
Next Steps
After a short review period, YESAB will publish the ESE Statement to its online registry. The next step will involve a sufficiency
check by YESAB's Executive Committee to confirm that the ESE Statement meets the ESE Statement Guidelines, as well as
other preparatory steps by YESAB to formally establish the Panel of the Board, which will conduct a comprehensive
assessment of the Project.
Economic Impacts of the
Casino
Project
Western engaged MNP, a leading Canadian accounting and consulting firm, to conduct
updated economic impact modeling
that
quantifies
Casino
's direct, indirect, and induced economic effects across
Canada
.
Study Highlights (at
US$3.60
/lb Cu and
US$1,700
/oz Au):
An Engine of Economic Growth:
Over its proposed 27-year mine life,
Casino
is estimated to contribute over
C$44 billion
to
Canada's
GDP, including over
C$37 billion
in the
Yukon
– based on highly conservative long-term commodity prices.
Significant Job Creation:
Casino
will directly employ approximately 700 workers and create an additional 2,000 jobs
across suppliers, contractors, and local businesses, generating over
C$12 billion
in wages and salaries over the mine life.
Substantial Government Revenues:
Each year,
Casino
is forecast to generate
C$175 million
in tax revenue for the
Government of
Yukon
and
C$231 million
for the Government of
Canada
.
Critical Minerals Production in
Canada
:
Casino
is positioned to become one of
North America's
largest producers of
copper and molybdenum – both included on
Canada's
official list of critical minerals, with copper designated as one of six
priority critical minerals essential for economic growth.
Casino
would rank as
Canada's
second-largest copper producer
and the country's single largest molybdenum producer, increasing domestic production by 15% and 500%, respectively.
ABOUT WESTERN COPPER AND GOLD CORPORATION
Western Copper and Gold Corporation is advancing 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 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,
"Sandeep Singh"
Sandeep Singh
President & CEO
Western Copper and Gold Corporation
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-
looking statements") within the meaning of applicable Canadian and
United States
securities legislation including the United
States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this
news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates",
"believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities",
"objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements
herein include statements regarding
Casino
being advanced in an environmentally and socially responsible manner, with
generational benefits for all Yukoners, the Company's commitment to ongoing collaboration with affected First Nations, local
communities and the broader public, the Company's commitment to continuing its rigorous analysis and deepening its
collaboration with all Yukoners as it advances through the regulatory process,
Casino
being positioned to play a pivotal role in
improving the legacy of mining in the
Yukon
, enabling benefits that can serve the territory for decades, and becoming a pillar
of economic growth and prosperity in the North, YESAB's processes, all of the economic impacts expected from
Casino
,
including contribution to
Canada's
GDP, significant job creation and tax revenue, and
Casino
being positioned to become one
of
North America's
largest producers of copper and molybdenum, ranking as
Canada's
second-largest copper producer and
the country's single largest molybdenum producer, increasing domestic production by 15% and 500%, respectively.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to
be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk
of unforeseen challenges in advancing the
Casino
project, potential impacts on operational continuity, changes in general
market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's
annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure
documents.
Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and
factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed
financial year and its other publicly filed disclosure document.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements, other factors may cause results to be materially different from those
anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views
as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any
obligation to update forward-looking statements other than as required by applicable law.
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For further information:
For more information, please contact: Cameron Magee, Director, Investor Relations & Corporate
Development, Western Copper and Gold Corporation, 437-219-5576 or [email protected]
CO: Western Copper and Gold Corporation
CNW 07:30e 06-OCT-25