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