Vancouver, British Columbia--(Newsfile Corp. - February 20, 2026) - Western Copper and Gold Corporation. (TSX: WRN) (NYSE American: WRN) (the "Company") is pleased to announce that, further to its news releases dated February 11, 2026 and February 12, 2026, it has filed a final short form prospectus dated February 20, 2026 (the "Final Prospectus") with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of common shares of the Com ...

manner and on acceptable terms; and other risks and uncertainties disclosed in the Company's AIF and Form 40-F, including those under the heading "Risk Factors" and other information released by the Company and filed with the applicable regulatory agencies.The Company's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume, and expressly disclaims, any intention or obligation to update or revise any f ...

Western Copper and Gold Announces C$50 Million Bought Deal Financing [Accessibility Statement] Skip NavigationVANCOUVER, BC, Feb. 11, 2026 /PRNewswire/ - Western Copper and Gold Corporation (TSX: WRN) (NYSE: WRN) (the "Company") is pleased to announce it has entered into an agreement with Stifel Canada, on its own behalf and on behalf of a syndicate of underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 12,048,400 common shares of the Compan ...

Core Viewpoint - Western Copper and Gold Corporation has appointed Robert Dirk as Chief Operating Officer and Christian Roldan as Vice President, Technical, to strengthen its team for advancing the Casino Project, Canada's largest critical minerals project [1][4]. Group 1: Appointments - Robert Dirk brings 37 years of mining experience, having held senior operational roles at Suncor Energy and served on the executive team for Kaz Minerals' Peschanka project in Russia [2]. - Christian Roldan has over 25 years of international mining experience, previously leading engineering studies at Newmont and advancing the Coffee project in the Yukon [3]. Group 2: Project Significance - The Casino Project is recognized as Canada's premier copper-gold mine and one of the most economically viable greenfield mining projects globally [5]. - The company emphasizes collaboration with First Nations and local communities, utilizing responsible mining technologies and practices [5]. Group 3: Strategic Goals - The appointments of Dirk and Roldan are expected to enhance the company's ability to navigate the permitting process and advance technical work, thereby de-risking the Casino Project [4]. - The company aims to unlock the value of its strategic property following a significant year in 2025 [4].

Core Points - Western Copper and Gold Corporation has contributed $75,000 to support meal and nutrition programs for the Tantalus Community School and Little Salmon Carmacks First Nation Daycare for the 2025/26 school year [1][3] - The funding aims to ensure that children in Carmacks have access to reliable and healthy food, addressing challenges faced by school nutrition programs due to recent changes in federal support funding [2][4] - The contribution is part of the company's community investment program, Casino Cares, which focuses on youth, education, and community well-being across the Yukon [4][5] Company Commitment - Western Copper and Gold Corporation emphasizes the importance of strong community relationships and is committed to supporting initiatives that enhance opportunities for youth and contribute to a positive legacy [5][10] - The company is advancing the Casino Project, which is recognized as one of the most economic greenfield copper-gold mining projects globally, while maintaining a collaborative approach with First Nations and local communities [10] Community Impact - Little Salmon Carmacks First Nation has prioritized health and wellness programs for children and families, providing daily access to nutritious meals through its initiatives [6][8] - The First Nation advocates for sustainable, long-term solutions to education and nutrition funding, aiming to maintain consistent programs that support student success [9]

Core Points - The announcement by Prime Minister Carney regarding the Northwest Critical Conservation Corridor and the Yukon-B.C. Grid Connect aims to accelerate the development of this significant infrastructure project [1][2] - The Yukon-B.C. Grid Connect is expected to enhance energy security, facilitate clean power transmission, and support critical minerals development in the Yukon, particularly benefiting the Casino Project [3][4] Company Overview - Western Copper and Gold Corporation is advancing the Casino Project, recognized as Canada's premier copper-gold mine and one of the most economically viable greenfield mining projects globally [5] - The company is committed to collaborating with First Nations and local communities, employing responsible mining technologies and practices [6] Economic Impact - The Yukon-B.C. Grid Connect could generate up to C$7.6 billion annually in clean economic growth, create over 36,000 long-term jobs, and enable the addition of up to 2,000 MW of new renewable energy [4] - The Casino Project is identified as a potential anchor tenant that could provide stable baseload demand, enhancing the economic viability of the transmission line [4][5]

Core Viewpoint - Western Copper and Gold Corporation has appointed Mark E. Smith to its Board of Directors, enhancing its technical and environmental expertise as it advances the Casino Project in the Yukon [1][4][7]. Company Overview - Western Copper and Gold Corporation is focused on the Casino Project, recognized as Canada's premier copper-gold mine and one of the most economically viable greenfield mining projects globally [5]. Appointment of Mark E. Smith - Mark E. Smith brings over 45 years of global mining experience and has co-founded Vector Engineering, managing it for nearly 25 years [2][4]. - His extensive experience includes advising major mining companies such as BHP, Rio Tinto, and Barrick, and he holds a Master's degree in Civil and Geotechnical Engineering [2][3]. Contributions to the Yukon - Smith has significant experience in the Yukon, having worked on projects like Coffee, Macpass, and Mactung, and has advised the Government of Yukon on mine waste management [3]. - His role as chair of the Independent Review Board for the Eagle Mine investigation highlights his commitment to responsible mining practices [3]. Strategic Importance - The addition of Smith to the Board is seen as a strategic move to ensure the Casino Project meets high technical and environmental standards, which is crucial for its advancement through environmental assessment and permitting [4][7]. - The company emphasizes its commitment to collaborating with First Nations and local communities while utilizing responsible mining technologies [5].

Financial Position - As of September 30, 2025, the company's total assets amounted to CAD 198.29 million, a slight increase from CAD 192.79 million at the end of 2024[2] - The company's total shareholders' equity as of September 30, 2025, was CAD 192.81 million, an increase from CAD 189.61 million at the end of 2024[2] - The company had short-term investments of CAD 44,312,122 as of September 30, 2025, a decrease from CAD 52,500,000 as of December 31, 2024[18] - The company held marketable securities with a fair value of CAD 725,670 as of September 30, 2025, down from CAD 1,079,200 as of December 31, 2024[19] Cash Flow and Liquidity - The company's cash and cash equivalents decreased to CAD 10.40 million from CAD 14.20 million at the end of 2024, representing a decline of approximately 26.5%[2] - Cash flows used in operating activities for the nine months ended September 30, 2025, were CAD 2.46 million, compared to CAD 3.75 million in 2024, showing an improvement of 34.4%[4] - The Company monitors its cash position regularly to ensure sufficient funds for short-term and long-term objectives[49] - The Company is exposed to liquidity risk but uses cash forecasts to manage this risk effectively[52] Operational Performance - For the nine months ended September 30, 2025, the loss and comprehensive loss was CAD 2.16 million, a reduction of 59.5% compared to CAD 5.33 million for the same period in 2024[3] - The company's corporate expenses for the nine months ended September 30, 2025, were CAD 5.99 million, down from CAD 7.41 million in 2024, indicating a decrease of approximately 19.3%[3] - The company reported a basic and diluted loss per share of CAD 0.01 for the nine months ended September 30, 2025, compared to CAD 0.03 in 2024[3] Capital Raising and Expenditures - The company raised CAD 1.86 million from the exercise of stock options during the nine months ended September 30, 2025[4] - The company completed a private placement with Rio Tinto on May 6, 2024, raising gross proceeds of CAD 4,958,791 by issuing 2,609,890 common shares at CAD 1.90 each[23] - The company recognized key management compensation of CAD 1,090,188 for the three months ended September 30, 2025, compared to CAD 1,266,687 for the same period in 2024[41] - The company granted 481,225 stock options during the nine months ended September 30, 2025, compared to 4,742,000 stock options granted in the same period of 2024[32] - The company recognized an expense of CAD 231,824 for restricted share units (RSUs) for the three months ended September 30, 2025, compared to CAD 215,210 for the same period in 2024[36] - The company has the potential to issue an additional 4,427,078 RSUs under the RSU Plan as of September 30, 2025[33] Project Development - The company has successfully raised sufficient capital to fund its operations but will need additional funds for the development and construction of the Casino Project[7] - The Company paid consulting fees of $33,369 related to the Casino Project during the three and nine months ended September 30, 2025, with no such fees incurred in 2024[44] Risk Management - The Company has no debt and does not pay dividends, with no changes in its capital management approach during the period[50] - The Company has established credit policies to minimize credit risk, primarily holding cash and cash equivalents with high-quality financial institutions[53] - A 10% fluctuation in the value of publicly traded marketable securities would have a minimal impact on the Company's loss and comprehensive loss[54] - The Company is not subject to interest rate risk due to the short-term nature of its financial assets and liabilities[56]

Core Viewpoint - Western Copper and Gold Corporation (NYSE:WRN) is identified as a promising investment opportunity under $5, with analysts projecting significant upside potential for the stock [1][2]. Analyst Ratings and Price Targets - Stifel analyst Ralph Profiti raised the price target for WRN to C$6 from C$5.50 while maintaining a Buy rating on October 21 [1]. - H.C. Wainwright analyst Heiko Ihle also maintained a Buy rating and increased the price target to $4.25 from $4.00 on October 7, highlighting the company's Casino Project as a key factor [2]. Project Milestones and Financial Position - The submission of the Environmental and Socio-economic Effects (ESE) Statement to the Yukon Environmental and Socio-economic Assessment Board (YESAB) is noted as a significant milestone in the permitting process for the Casino Project [2][3]. - The submission includes comprehensive environmental management measures, which are expected to act as a catalyst for the company's progress [3]. - Western Copper and Gold Corporation is reported to have substantial cash reserves and a strong financial position, contributing to the positive outlook on the stock [3]. Company Overview - Western Copper and Gold Corporation is characterized as an exploration-stage company focused on the exploration, acquisition, and future development of mineral resource properties [4].

Core Viewpoint - Western Copper and Gold Corporation has submitted its Environmental and Socio-economic Effects Statement for the Casino Project, marking a significant step in the permitting process and demonstrating the project's potential for responsible development and economic benefits for the Yukon region [1][2][4]. Project Overview - The Casino Project aims to assess potential environmental and socio-economic effects, with comprehensive management measures in place to mitigate any significant impacts [3][6]. - The project is expected to contribute over C$44 billion to Canada's GDP over its 27-year mine life, with C$37 billion specifically for the Yukon [8]. Economic Impact - The Casino Project is projected to create approximately 700 direct jobs and an additional 2,000 jobs in related sectors, generating over C$12 billion in wages and salaries [8]. - It is anticipated to generate C$175 million annually in tax revenue for the Government of Yukon and C$231 million for the Government of Canada [8]. Critical Minerals Production - Casino is positioned to become one of North America's largest producers of copper and molybdenum, significantly increasing domestic production by 15% for copper and 500% for molybdenum [9]. - The project will rank as Canada's second-largest copper producer and the largest molybdenum producer [9]. Next Steps in Assessment - Following a review period, the Yukon Environmental and Socio-economic Assessment Board (YESAB) will publish the ESE Statement and conduct a sufficiency check to ensure compliance with guidelines [7]. - A comprehensive assessment of the project will be conducted by a panel established by YESAB [7].