Western Copper and Gold Corp T.WRN

New Press Release - WESTERN COPPER AND GOLD WELCOMES FEDERAL FUNDING FOR B.C.-YUKON GRID CONNECT PROJECT

WHITEHORSE, YT, Sept. 23, 2024 /PRNewswire/ - Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) welcomes the recent announcement by Natural Resources Canada ("NRCan"), conditionally approving C$40 million in federal funding to undertake pre...read article.

[Marine2]

I like this part from  (CEO) Sandeer, "Sandeep Singh, Chief Executive Officer, stated: "This is a meaningful step toward advancing much-needed energy infrastructure in the Yukon, with potential to support Canada's broader focus on improving the environmental performance and sustainability of critical mineral development. While Casino's

[Heywood_Silvers]

Reading between the lines here.... the good news is that it willl lower the AISC over the life of the project, thus boosting the NPV.  Plus, calling for a minimized carbon footprint offers feel-good platitudes for the remaining few liberals who still buy into the ruse of "global warming".

[EvenSteven27]

This is great news! On December 6, 2023, in a closed meeting for Rio investors (I crashed it), Jakob Stausholm mentioned three Ps for greenlighting. The three Ps were: power grid, port, and permitting. Somebody asked whether they needed completing, and I believe he said "no, just significant steps towards reaching those goals". When pushed further, he said "no grid, no mine"

[Riotintoe]

In relation to the grid connect and it's impact on the economics of the proposed mine, I received this from Paul back in May of 2023;  "First, the majority of the carbon tax currently carried in the financial model would go away with grid connected power.  Also, the annual operating expense on LNG for the power plant would be removed for the life of the mine. A connection to

[EvenSteven27]

Riotintoe writes:  "The negative impact Paul referred to is the cost (added to CapEx) of running a 200 km line from Carmacks to Casino if done on our (or another owner's) dime."  Exactly! I believe Stausholm mentioned this, too. We are providing so many jobs and so much revenue to both the community and the country. It is just natural the government should pitch in, as