UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2023
Commission File Number: 001-35075
WESTERN COPPER AND GOLD CORPORATION
(Translation of registrant's name into English)
Suite 1200 – 1166 Alberni Street,
Vancouver, BC V6E 3Z3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F.
☐ Form 20-F ☒
Form 40-F
![](https://www.sec.gov/Archives/edgar/data/1364125/000127956923001523/logo.jpg)
SUBMITTED HEREWITH
Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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Western Copper and Gold Corporation |
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(Registrant) |
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Date: December 5, 2023 |
By: |
/s/ Paul West-Sells |
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Paul West-Sells |
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Title: |
Chief Executive Officer |
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1364125/000127956923001523/logo.jpg)
WESTERN COPPER AND GOLD PROVIDES UPDATE ON THE
PORT OF SKAGWAY
VANCOUVER, BC, Dec. 5, 2023 /CNW/ - Western Copper
and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce during the
2023 Fall Sitting of the Yukon Legislative Assembly, the Yukon Government approved $21.4 million for investment in the Municipality of
Skagway's (or "Skagway") redevelopment of their dock infrastructure to include a Marine Services Platform ("MSP")
to continue to support ore export for the Yukon mining industry.
The approval of this investment follows the Yukon
Government signing of a term sheet with Skagway on September 7, 2023, outlining the terms and conditions of the investment, proposing
an initial 35-year preferential access to the port with an option to extend for another 15 years, as well as a significant investment
in the initial engineering of the MSP. The Yukon government is currently working towards finalizing an Export Cooperation Agreement with
Skagway.
The MSP at Skagway is located in South-east Alaska
and is 560 km from, and is the closest tidewater port to, the Casino Project. The Port of Skagway has historically been the preferred
port to ship concentrates from the Yukon, and most recently was used to ship copper concentrates from the Minto Mine.
"Further investment and commitment from the Yukon
Government in advancing infrastructure for the mining industry is another step in the right direction to advancing the Casino Project."
said Paul West-Sells, President and Chief Executive Officer. "We remain confident that the Casino Project is a great asset for the
Yukon that will provide benefits to Yukon communities and First Nations for generations to come."
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,
"Paul West-Sells"
Dr. Paul West-Sells
President and CEO
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"). Certain forward-looking information should also be considered
future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide
a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are
cautioned that FOFI may not be appropriate for other purposes. 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:
mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential
recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino; advancing
the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic
effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the
Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and
all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and
socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider
operation; market price of precious and base metals; 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
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/05/c5608.html
%CIK: 0001364125
For further information: Sandy Noyes, Director, Investor Relations,
604.638.2520 or snoyes@westerncopperandgold.com
CO: Western Copper and Gold Corporation
CNW 06:00e 05-DEC-23
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