Western Copper and Gold Reports 2025 Annual Results and Corporate Update

About this update from Western Copper And Gold Corporation

Western Copper and Gold Reports 2025 Annual Results and Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - March 26, 2026) - Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WRN) ("Western" or the "Company") is pleased to announce the filing of its fourth quarter and annual financial results for the year ended December 31, 2025. The audited consolidated financial statements and management's discussion and analysis ("MD&A") are available on the Company's website at www.westerncopperandgold.com and have been filed under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.All references to currency in this news release are in Canadian dollars, unless otherwise noted.Highlights and Recent DevelopmentsFinancial Summary: As of December 31, 2025, the Company held cash, cash equivalents and short-term investments of $50.5 million. During the year, the Company invested $21.6 million in exploration and evaluation activities to advance permitting and engineering at the Casino Project. Subsequent to year-end, the Company closed an upsized $92.0 million bought deal public offering (22,169,125 common shares at $4.15 per share), significantly strengthening its financial position. As of March 26, 2026, the Company held cash, cash equivalents and short-term investments of approximately $135 million.Key Technical Appointments: On January 12, 2026, the Company announced the appointment of Bob Dirk as Chief Operating Officer and Christian Roldan as Vice President, Technical. Mr. Dirk brings 37 years of experience, including 20 years at Suncor Energy where he served as the senior operational leader on the Fort Hills mega-project. Mr. Roldan brings over 25 years of mine lifecycle experience, including senior roles with Newmont and direct experience navigating the Yukon Environmental and Socio-economic Assessment Board ("YESAB") assessment process, having successfully advanced the Coffee Project to a positive recommendation in the Yukon.YESAB Panel Review Progressing: On October 3, 2025, the Company submitted its Environmental and Socio-economic Effects Statement ("ESE Statement") to YESAB. As part of the sufficiency review phase, the Company is preparing responses to supplementary information and clarification requests received from YESAB's Executive Committee. The sufficiency review process may involve additional reque...

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