Western Copper and GOLD Strengthens Management Team
WESTERN COPPER AND GOLD
STRENGTHENS MANAGEMENT TEAM
VANCOUVER, BC
,
July 16, 2024
/CNW/ - Western Copper and Gold Corporation ("Western" or the
"Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce additions to the
Company's senior management team.
In early August,
Michael Psihogios
will be taking over the role of Chief Financial Officer from
Varun
Prasad
, and
Jeff Eng
will be assuming the role of Vice President Projects.
Sandeep Singh
, CEO of Western, stated: "We are extremely pleased to be adding two high quality
professionals to the Western team. Both Michael and Jeff bring highly relevant experience and an
operational mindset to their positions. Coupled with our strong
Yukon
based team, they will be
integral to advancing the
Casino
project through the assessment and permitting phase.
I would like to thank
Varun Prasad
for his 13 years of dedicated service to the Company. Over a
short period of overlap, Varun has proven to be a great partner and we wish him the best as he
focuses more time on his young family and future endeavours. He will continue in his role for the next
two months to assist with the CFO transition."
Mr. Psihogios is an experienced financial executive working with public, private and investment
companies in the natural resource industry over the past 20 years. Mr. Psihogios is currently the
CFO of Atlas Salt Inc. and will transition roles over the coming months. Previously, he was the CFO
of DUMAS Mining, an underground mine builder from 2016 to 2021, where he established the
systems and controls for a successful business turnaround and profitable growth strategy. Prior to
DUMAS Mining, Michael worked with an international natural resource private equity fund on
numerous senior executive, financial and corporate development secondment roles within portfolio
companies.
Mr. Eng brings experience across a number of disciplines leading to successful project studies and
the development of mining projects. Most recently he was a Project Director for Teck Resources
working on the mine life extension for the Red Dog mine, among other projects. Prior, he was
Director of Engineering and Interim VP Project Development for
Sabina Gold
and Silver during the
permitting and early execution phases of the Back River project. Mr. Eng spent 13 years with AMEC
in several different, and increasingly senior, roles including Site Engineering Manager for the
construction of the Mount Milligan mine in BC and lead roles in numerous studies and execution
projects ranging from the
Jansen
potash project in
Saskatchewan
to Snap Lake Diamond Mine in
Northwest Territories
.
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,
"Sandeep Singh"
Sandeep Singh
Chief Executive Officer
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"). 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: strengthening the Company's management capabilities to better unlock
the value potential of the
Casino
project, the remaining upside from additional resources or
optimizations to the project and the expected closing of the Placement; 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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CO: Western Copper and Gold Corporation
CNW 06:30e 16-JUL-24