Financial Performance - For the three months ended March 31, 2025, the company reported a loss of $637,066, a significant decrease from the loss of $1,607,351 in the same period of 2024, resulting in a loss per share of $0.00 compared to $0.01[76]. - Cash and cash equivalents totaled $10,145,713 as of March 31, 2025, down from $14,202,317 at the end of 2024, while total cash, cash equivalents, and short-term investments were $62,911,262[80]. - Exploration and evaluation assets increased by $5,431,797 during the three months ended March 31, 2025, primarily due to permitting-related expenditures[70]. - The company recognized interest income of $666,364 for the three months ended March 31, 2025, an increase of $325,489 compared to the same period in 2024[77]. - Share-based payments totaled $641,804 for the three months ended March 31, 2025, remaining consistent with $642,961 in the same period of 2024[76]. - The company incurred cash used in operating activities of $2,221,381 for the three months ended March 31, 2025, compared to $1,036,294 in the same period of 2024[80]. - The company recorded a gain on marketable securities of $775,000 for the three months ended March 31, 2025, compared to a gain of $277,520 in the same period of 2024[76]. - Key management compensation for Q1 2025 totaled $1,185,545, slightly up from $1,183,435 in Q1 2024, with salaries and director fees at $540,308 and share-based payments at $645,237[91]. - A bonus accrual of $181,501 was recorded in Q1 2025, while no bonus accrual was recognized in Q1 2024[92]. Project Development - The company plans to submit the Environmental and Socio-economic Effects Statement for the Casino Mine Project in or around July 2025, updated from the previous estimate of the second half of 2024[25]. - The 2023 drilling program consisted of seven holes for 2,244 meters, targeting a range of grades and mineralogy, with a focus on the Core Zone[30]. - The metallurgical program achieved significantly higher recoveries for molybdenum, producing a high gold grade copper concentrate and a separate molybdenum concentrate[34]. - The company received conditional approval for $40 million in funding from Natural Resources Canada for the B.C.-Yukon Grid Connect Project, which is crucial for the Casino Project's infrastructure[26]. - The company is collaborating with the Yukon government on the Yukon Resource Gateway Project, which has expanded to include Arctic security and regional connectivity[27]. - The company has completed an updated transportation study for shipping concentrate from the Casino Project to the Port of Skagway, identifying several promising transportation alternatives[28]. - The Casino Project's Feasibility Study indicates a pre-tax NPV of CAD 5.768 billion at a 5% discount rate and CAD 4.059 billion after-tax[39]. - The total initial capital investment for the Casino Project is estimated at CAD 3.62 billion, with a total life of mine capital cost of CAD 4.369 billion[42]. - Average annual pre-tax cash flow during the first four years is projected to be CAD 1.033 billion, decreasing to CAD 662 million over the life of the mine[41]. - The project anticipates processing 1.43 billion tonnes of mineral reserves, with a nominal throughput of 120,000 tonnes per day for the concentrator and 25,000 tonnes per day for the heap leach[37][47]. - The average annual metal production during the first four years includes 241 million pounds of copper and 333,000 ounces of gold[47]. - The estimated copper cash cost on a co-product basis is CAD 1.92 per pound, while the gold cash cost is CAD 908.53 per ounce[39]. - The payback period for the project is estimated at 3.3 years[39]. - The mineral reserve estimate includes 1.217 billion tonnes of proven and probable reserves, with an average copper grade of 0.19% and gold grade of 0.22 g/t[50]. - The total operating costs for milling are calculated at CAD 6.88 per tonne, while heap leach operating costs are CAD 6.73 per tonne[44][45]. - The company is focusing on advancing permitting and engineering activities to support the submission of the ESE Statement in 2025[54]. Ownership and Financing - The company reported gross proceeds of $46.0 million from a bought deal public offering of 24,210,526 common shares at a price of $1.90 per share on April 30, 2024[9]. - On February 25, 2025, 1,500,000 warrants were exercised at an exercise price of $0.85 for gross proceeds of $1,275,000[7]. - Rio Tinto's ownership in the company increased from 7.8% to approximately 9.7% after purchasing 3,468,208 common shares at a price of $1.73 per share for gross proceeds of $6.0 million on December 12, 2023[15]. - Mitsubishi Materials Corporation's equity ownership in the company is expected to return to approximately 5% following the acquisition of 2 million common shares through open market purchases[11]. - The company completed a bought deal public offering and private placements for gross proceeds of $46.0 million and $4.9 million, respectively, during the three months ended June 30, 2024[74]. - The company expects to incur remaining permitting and engineering expenditures over the next 12 months, with actual use of proceeds for permitting activities at $12,713,553 against an expected $28,000,000[84]. Risk Factors - Western faces various risks including history of losses, negative operating cash flow, and dependence on a single project[112]. - Risks include fluctuations in commodity prices, operational risks, and potential delays in exploration or development programs[112]. - There are risks related to environmental laws, regulatory compliance, and potential natural disasters impacting operations[112]. - The company emphasizes the need for additional financing to develop its properties, with uncertainty regarding future financing terms[112]. - Western's history of not paying dividends and risks related to shareholder activism are noted[112]. - Forward-looking statements may prove inaccurate due to unforeseen events, and readers are advised not to place undue reliance on them[113]. - The company does not undertake any obligation to publicly revise forward-looking statements unless required by securities law[113]. Compliance and Internal Controls - The company has assessed its internal control over financial reporting and found it effective as of December 31, 2024[101]. - There were no indications of impairment identified during the asset review[95]. - Management is currently assessing the impact of new IFRS amendments effective from January 1, 2026, and January 1, 2027, on financial statements[98][99]. - The company closely monitors liquidity risk and has invested some cash in highly liquid redeemable GICs[106]. - Credit risk is managed by holding cash and short-term investments with reputable financial institutions, exceeding government-insured limits[107]. - The company is exposed to market risk due to fluctuations in the values of publicly traded marketable securities, which are adjusted to fair value at each balance sheet date[108]. - The MD&A is prepared under Canadian securities laws, which differ from U.S. disclosure requirements, particularly regarding mineral reserves[115]. - The definitions of mineral reserves and resources used by Western may not be comparable to those defined by the U.S. SEC[116].

Core Points - Western Copper and Gold Corporation is progressing with its board renewal process, announcing the retirement of Dr. Bill Williams and Tara Christie, along with the nomination of Pamela O'Hara for election to the board [1][2][4] Company Developments - Dr. Bill Williams will retire from his last board position, and Tara Christie will not seek re-election to focus on her executive priorities [2] - Pamela O'Hara has been nominated for election to the board at the upcoming Annual General Meeting on June 12, 2025 [2] Board Member Qualifications - Pamela O'Hara brings over 30 years of experience in mining and transportation infrastructure projects, with expertise in the Yukon [3] - O'Hara has been involved in permitting significant projects such as Ekati, Voisey's Bay, and the Port of Vancouver, and holds qualifications as a Registered Professional Biologist and Certified Sustainability Practitioner [3] Company Strategy - The company is focused on advancing the Casino Project, which is recognized as Canada's premier copper-gold mine and one of the most economically viable greenfield projects globally [5] - The company emphasizes collaboration with First Nations and local communities while adhering to responsible mining practices [5]

Core Insights - Western Copper and Gold Corporation has strengthened its relationship with Mitsubishi Materials Corporation through an amended investor rights agreement, extending rights until May 30, 2026 [2][3] - Mitsubishi Materials is set to acquire 2 million common shares of Western through open market purchases, which will be non-dilutive to existing shareholders, maintaining Mitsubishi's equity ownership at approximately 5% [2][3] Company Overview - Western Copper and Gold Corporation is developing the Casino Project, recognized as Canada's premier copper-gold mine located in the Yukon Territory, and is considered one of the most economically viable greenfield copper-gold mining projects globally [4] - The company emphasizes collaboration with First Nations and local communities, adhering to internationally recognized responsible mining technologies and practices [4]

Core Viewpoint - Western Copper and Gold Corporation is advancing infrastructure initiatives to support the Casino Copper-Gold Project, which is crucial for both the project and the Yukon region's development [1][2]. Infrastructure Initiatives - The B.C.-Yukon Grid Connect Project received conditional approval for $40 million in funding from Natural Resources Canada, with the Yukon Development Corporation committing an additional 25% [4]. - The Yukon Resource Gateway Project has expanded to include the Dempster Highway, although some funding for the Casino Copper-Gold Access Road has been redirected to support this initiative [5]. - A transportation study for shipping concentrate from the Casino Project to the Port of Skagway has been completed, identifying several promising transportation alternatives with costs in line with previous estimates [6]. Economic Context - The recent economic volatility has highlighted the resilience of the Casino Project, particularly due to the favorable copper-gold commodity mix and a significant increase in gold prices, which rose nearly US$750 per ounce [3]. - There is growing political support for mining in Canada, which is expected to positively impact the Casino Project [3]. Company Commitment - The company is dedicated to collaborating with First Nations and local communities to ensure responsible mining practices are employed in the development of the Casino Project [8].

Group 1 - Western Copper and Gold Corp (NYSE: WRN) (TSX: WRN:CA) presents a contrarian buying opportunity due to its high-grade copper and gold deposit located in the Yukon territory of Canada [1] - Canadian deposits have historically traded at a premium compared to other regions, indicating potential value in WRN's assets [1] Group 2 - The author has been involved in precious metals investment since 2003 and has a background in real estate, which may provide insights into market trends [1] - The author has shifted focus to companies with market capitalizations exceeding $100 million, suggesting a strategic adjustment in investment approach [1]

Core Insights - Western Copper and Gold Corporation announced positive results from a supplemental metallurgical program for its Casino Copper-Gold Project, indicating attractive recoveries and high-grade concentrates [1][6]. Metallurgical Program Overview - The metallurgical program utilized drill core composites from the 2023 diamond drilling program, which included more variable levels of copper, gold, and molybdenum than previous tests [2]. - The program achieved significantly higher molybdenum recoveries of approximately 90% in hypogene material, compared to 71% in the feasibility study [3]. Concentrate Quality - Casino is expected to produce high-grade copper and molybdenum concentrates with low impurity levels, making them highly marketable [4]. - The flotation concentrates demonstrated very good grades for copper and gold, with average values for penalty elements well below typical smelter contract terms [18][19]. Recovery and Processing Efficiency - The primary grind size for Casino is expected to be 210μm, which is favorable compared to similar projects, and initial tests suggest potential for further optimization without sacrificing recoveries [5][20]. - Locked cycle testing for hypogene composites showed consistently high copper recoveries and good quality concentrates, with an average molybdenum recovery of 90% [13]. Resource Composition - The Casino project consists of two main copper-gold zones: the Supergene Sulphide Zone (25% of the resource) and the Hypogene Zone (70% of the resource), with the remaining 5% being oxide materials [10].

Core Insights - The article emphasizes the importance of a well-rounded investment strategy that caters to various investor profiles, including dividend investors and those seeking growth opportunities [2]. Group 1 - The author holds a Master's degree in Business Economics and possesses a strong managerial and economic background, which enhances the analysis of different sectors and stock types [2]. - The investment strategy described is versatile, making it suitable for a wide range of investors, whether they focus on dividends, value propositions, or growth [2].

TSX WRN NYSE AMERICAN WRN DEVELOPING CANADA'S PREMIER COPPER-GOLD MINE Corporate Presentation May 2022 FORWARD LOOKING STATEMENTS 2 The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning Western Copper and Gold Corporation and its subsidiaries (collectively, the "Company"). This document should be read in conjunction with all other disclosure documents of the Company. No securities commission or regulatory authority has reviewed ...

(1) western COPPER AND GOLD SEPTEMBER 2021 – CORPORATE PRESENTATION TSX : WRN I NYSE AMERICAN : WRN FORWARD LOOKING STATEMENTS The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning Western Copper and Gold Corporation and its subsidiaries (collectively, the "Company"). This document should be read in conjunction with all other disclosure documents of the Company. No securities commission or regulatory authority has reviewed the a ...