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Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > June 11, 2024: Pillai and Edby talk Grid: Lobbying Feds
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Post by EvenSteven27 on Jun 13, 2024 1:27am

June 11, 2024: Pillai and Edby talk Grid: Lobbying Feds

Yukon premier calls for 'generational investment' in power-grid connection
  
Premier Ranj Pillai said territory is lobbying feds for $60M to connect territory to continental grid
CBC News
 
Posted: June 11, 2024
 
Ranj Pillai, David Eby
Yukon Premier Ranj Pillai, left, and British Columbia Premier David Eby during a media availability at the 2024 Western Premiers’ Conference in Whitehorse on Monday. (Crystal Schick/The Canadian Press)
Yukon Premier Ranj Pillai is calling on the federal government to offer up $60 million to help connect the territory to the continental energy grid.
 
"It's a generational investment," Pillai said on Monday in Whitehorse, at the close of the annual meeting of western premiers.
 
"We need to have a long-term source of energy. And I think as there's growth in population, as we see defence spending get very significant, we're going to need connection to the North American grid."
 
 
Pillai said Yukon and B.C. are working together on the initiative, which would see Yukon's power grid connected to B.C.'s.
 
Currently, Yukon's grid is not connected to the rest of North America. Most of the territory's electricity is generated by hydroelectric plants, and supplemented by diesel and liquefied natural gas. The system is under increasing pressure to meet the territory's steadily growing demand for power.
 
Pillai said his government has so far invested $1 million this year in the grid-tie project.
 
"And that's really building out the framework of looking at the business model, looking at the route, bringing the First Nation governments together, many of them very interested in being in an ownership position on the project," Pillai said.
 
B.C. Premier David Eby, also speaking at the close of the premiers' conference in Whitehorse, said there have been a lot of discussions between his province and the Yukon about electricity distribution, "particularly zero-emission electricity."
 
"We all, I think, around the table agreed that electricity is going to be a major driver for most of our economies going forward," he said.
 
 
"As much electricity as we can generate, there's economic opportunity for."
 
Eby said B.C.'s energy sector has typically been built to respond to existing demand. He said the province is now aiming to "turn that around," and build up the sector "to create economic opportunities." 
 
That means working with the province's neighbours, he said.  
 
"If Alberta has need, if Yukon has need, and we can support, we want to do that because it means jobs for British Columbians. That means we're growing the regional economy as well, and we all benefit from that."
 
Housing and infrastructure
 
The two-day conference also saw the premiers of Yukon, B.C., Alberta, Saskatchewan, Manitoba, the N.W.T., and Nunavut talk about housing, infrastructure, Arctic security, and disaster preparedness and response.
 
A statement from the premiers said western provinces and territories are working on unique housing challenges.
 
 
"While premiers acknowledge the efforts being made at the federal level, greater collaboration is required," the statement says.
 
Western premiers 
 
Northwest Territories Premier R.J Simpson, from left, Saskatchewan Premier Scott Moe, Manitoba Premier Wab Kinew, Yukon Premier Ranj Pillai, British Columbia Premier David Eby, Alberta Premier Danielle Smith and Nunavut Premier P.J. Akeeagok chat at the conclusion of a media availability at the 2024 Western Premiers’ Conference in Whitehorse on Monday. (Crystal Schick/The Canadian Press)
 
"Premiers discussed recent federal policy announcements and noted that substantial engagement from the federal government is needed to ensure new funding complements ongoing investments being made by provinces and territories," the premiers said, referring to the need to collaborate on more housing.
 
The statement says the premiers are disappointed that this year's federal budget did not include a successor to the Investing in Canada Infrastructure Program.
 
B.C. premier frustrated with Quebec immigration funding
 
"Premiers reiterated the need for flexible, predictable, and long-term federal infrastructure funding that is delivered on a base-plus per capita basis," it says.
 
The statement said more needs to be done to harness Western Canada's energy resources, including oil and gas, liquefied natural gas, uranium and hydroelectricity, as well as in emerging opportunities such as hydrogen, biofuels, small modular nuclear reactors and critical minerals.
 
Next year's meeting of the western premiers is slated to take place in the Northwest Territories.
 
With files from Julien Gignac and The Canadian Press
Comment by EvenSteven27 on Jun 13, 2024 1:42am
Western premiers set out top projects in MOU ahead of federal elections: Pillai Deal signed during Western Premiers’ Conference outlines key projects in each jurisdiction   Dana Hatherly Dana Hatherly   about 11 hours ago   Share via Text Message 240610-western-premiers-conference-2 Yukon Premier Ranj Pillai, centre, chairs the Western premiers' conference in ...more  
Comment by jclarke042 on Jun 13, 2024 6:20am
Thanks, Steve. If I'm understanding correctly, Ranj is still asking for $ to officially-formally-consider options here, and not to actually proceed with connection. Right? We think the actual number to connect starts with a 'B' as in Billion, yes? If so, little wonder no major is seriously moving to develop this godforsaken backwater. Can't help people who can't help ...more  
Comment by EvenSteven27 on Jun 13, 2024 7:12am
Exactly, Pillai mentions disappointment and Edby mentions frustration. This is a problem of Canadian politics. It's not policy, it's regionalism. Feds cater to Ontario and Quebec. More voters. We need to lobby. We are losing to China. That's sad.  
Comment by GardenManman on Jun 13, 2024 11:47am
Steven. Yukon only has 45k population.  Who ask you to lobby and get more funds to do the grid ? Yukon people  are not in hurry to mine their assets. Only you guys investor are  in a hurry to dig the land. Steven always promote the "stable" environment for minor, yes. It is extremely stable. 100 years passed after the casino was found, nothing has changed, very very " ...more  
Comment by Asdfghjk on Jun 13, 2024 12:45pm
They need jobs. And my friend that is what this mine provides. Stable steady income for it's citizens and all important tax dollars. ALOT of people up there want this done as it benefits them as a province. So while some may be reserved about this asset development, many more know it will be good for them. So no it's not just the investor.
Comment by Sooner on Jun 13, 2024 1:03pm
in the end....$$$ will talk and nothing else. What would Casino bring to Yukon (and Canada at the federal level) in terms of $$$. Now you are one of the 45k people living in Yukon...what will Casino do for them in terms of $$$. Ask that as the primary driver and when you get your answer let me know. I think i know what the answer is....
Comment by MetalMinded on Jun 13, 2024 7:32am
We all need to keep in mind that Casino NEEDS a road.  We'd LIKE a grid connection but don't need it to mine the asset. 
Comment by CopperAndGold14 on Jun 13, 2024 9:46pm
Updates regarding the road are conspicuously absent from any stakeholder that matters. I've said before that progress (or not) on the road will tell you everything you need to know about WRN. I asked Sandeep specifically about road construction and he mentioned a memo of understanding - just its existence and not anything specific.  No tasks or milestones. So 2024 is a wasted year.
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