Frank Holmes of US Global Investors (NASDAQ:GROW) shares his forecast for gold and silver.
He sees gold testing US$5,000 per ounce next year and then reaching US$7,000 by the end of US President Donald Trump’s second term in office.
‘And I think that silver will be over US$100,’ he added.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Piche Resources (PR2:AU) has announced Commences Maiden RC Drilling at Cerro Chacon Gold Project
Download the PDF here.
Silver is known as the most versatile precious metal, and its end uses range from silverware to medicine, as well as industrial and technological applications, which account for well over half of annual global demand.
In 2024, global physical silver demand reached 1.16 billion ounces, shy of the record of 1.28 billion ounces set in 2022, as per the Silver Institute’s latest World Silver Survey released in April 2025.
Industrial demand is on an upward trend from the push toward renewable energy — in particular, silver demand should benefit from the expansion of the solar energy sector, electric vehicles and the growing use of AI and data centers. The metal is a great conductor of both heat and electricity, making it perfect for use in solar panels.
In 2025, the Silver Institute expects global demand for silver to decline by 1 percent to 1.15 billion ounces, but remain at historically high levels. With all of that in mind, here’s a look at four factors driving silver demand.
Expected demand in 2025: 677.4 million ounces
Silver is the best electrical and thermal conductor of all the metals, so it’s no surprise that it’s used in industrial fabrication. Industrial silver demand has seen steady growth in recent years. Coming in at just 491 million ounces in 2016, industrial demand rose to 592.3 million ounces in 2022, 657.1 million ounces in 2023 and a record 680.5 million ounces in 2024.
For 2025, the Silver Institute believes industrial demand will see a slight regression of 0.5 percent to 677.4 million ounces.
Here’s a brief rundown of the main industrial uses driving silver demand:
Electronics — In electronics, industrial silver is used mainly in multi-layer ceramic capacitors, membrane switches, silvered film, electrically heated automobile windshields, conductive adhesives and the preparation of thick-film pastes.
Electronics is expected to remain an important driver for silver going forward, as per the Silver Institute, which expects overall industrial silver consumption to reach 456.6 million ounces in 2025. Photovoltaics form the largest portion of electronic demand, totaling 197.6 million tons in 2024.
Using silver as conductive ink, photovoltaic cells transform sunlight into electricity. These cells are combined to form solar panels. The use of silver in the fabrication of photovoltaic cells, also known as solar cells, is seen as an area of rapid growth in the short to medium term. In fact, SolarPower Europe reported that total installations reached 2.2 terawatts by the end of 2024, and are expected to more than triple to more than 7 terawatts by 2030.
Automotive industry — Every electrical action in a modern car is activated with silver-coated contacts. Basic functions such as starting the engine, opening power windows, adjusting power seats and closing power trunks are all activated using a silver membrane switch. Furthermore, in January 2021, the Silver Institute reported that, depending on the model, battery electric vehicles contain between 25 and 50 grams of silver, while hybrid vehicles use 18 to 34 grams of silver. That’s compared to 15 to 28 grams of silver in a light internal combustion engine vehicle.
The Silver Institute has projected that automotive demand for silver could reach 90 million ounces by 2025. The association states that silver demand from the car industry will be driven by infrastructure investment, broader decarbonization efforts and the expansion of charging stations.
Brazing and soldering — Adding silver to the process of soldering or brazing helps produce smooth, leak-tight and corrosion-resistant joints when combining metal parts. In addition, silver-brazing alloys are used widely in everything from air conditioning and refrigeration to electric power distribution. The Silver Institute predicts demand from this segment to total 52.9 million ounces in 2025.
Expected demand in 2025: 196.2 million ounces
Jewelry is often what laypeople think about when they consider silver demand. And for good reason — few materials are better suited for jewelry than silver. Lustrous but resilient, silver responds well to sculpting, requires minimal care and lasts a lifetime.
While silver and gold possess similar working qualities, the white metal enjoys greater reflectivity and can achieve a brilliant polish. A vast amount of silver supply from mine production gets turned into a form of jewelry. The segment grew moderately by 3 percent in 2024, rising to 208.7 million ounces, but the Silver Institute is predicting a significant reversal in 2025, with a 6 percent decline to 196.2 million ounces.
Expected demand in 2025: 204.4 million ounces
Another source of silver demand is for silver as an investment in the form of silver coins, bars and rounds. This category includes the silver used to fabricate the bullion, as well as small bar purchases by retail investors, according to the Silver Institute.
Silver coins have a long history. Minted silver coins were first used in the Eastern Mediterranean region in 550 BCE, and by 269 BCE the Roman Empire had adopted silver as well. Silver was the main circulating currency until the 19th century, when it was phased out of regular coinage.
While silver is not used in many circulating coins today, mints in many countries still create high-purity bullion coins and bars for investors.
Physical silver investment demand reached a record high of 338.3 million ounces in 2022, but declined considerably to 244.3 million ounces in 2023, before falling another 22 percent to 190.9 million ounces in 2024.
However, with rising uncertainty in global financial markets, the institute is predicting 7 percent growth in 2025 to 204.4 million ounces.
Silver exchange-traded products (ETPs) and silver ETFs purchase significant amounts of physical silver. Silver ETPs have experienced high volatility over the last five years, with demand peaking in 2020 with net inflows of 331.1 million ounces of silver, which fell to to 64.9 million ounces in 2021. Following the pandemic, ETPs experienced heavy outflows with investors selling off 117.4 million ounces in 2022 and 37.6 million ounces in 2023.
In 2024, as uncertainty began to seep into global financial markets, investors once again returned to ETPs, pushing demand to 61.6 million ounces of silver flowing into the products.
The Silver Institute expects demand to grow by 14 percent in 2025 to 70 million ounces, attributing these inflows to cuts to the Federal Funds rate, concerns over US debt load, and instability in the Middle East.
Expected demand in 2025: 46 million ounces
Sterling silver has been the standard for silver holloware and silver flatware since the 14th century. Silver cutlery and other decor lasts for generations as it resists tarnish and is a traditional decoration in homes around the world. Base metal copper is mixed with silver to strengthen it for use as cutlery, bowls and decorative items.
Demand for the metal from the silverware industry reached 73.5 million ounces in 2022 but has declined since then to 54.2 million ounces in 2024. The Silver Institute expects the market to shed another 15 percent in 2025 to 46 million ounces.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Senate Democrats now have their plan to extend expiring Obamacare subsidies, but it’s unlikely that Senate Republicans will give it the green light.
Senate Minority Leader Chuck Schumer, D-N.Y., unveiled Democrats’ plan to prevent the subsidies from expiring by the end of this year on Thursday. Senate Democrats’ strategy, which mirrors the option on the table put forth by House Democrats, would extend the subsidies for three years with no tweaks or reforms.
‘I’m announcing that Senate Democrats will introduce legislation for a clean, three-year extension of the current [Obamacare] tax credits,’ Schumer said on the Senate floor. ‘This is the bill, a clean, three-year extension of [Obamacare] tax credits that Democrats will bring to the floor of the Senate for a vote next Thursday. And every single Democrat will support it.’
Senate Majority Leader John Thune, R-S.D., guaranteed Senate Democrats a proposal of their choosing, but the hope in the upper chamber is that a bipartisan compromise would emerge in time for the vote next week, which is expected to come by Dec. 11.
However, no such plan has materialized given a litany of issues both sides have with moving forward. Senate Republicans want reforms, like income caps and the inclusion of language that would prevent the enhanced subsidies from using taxpayer dollars to fund abortions, while Democrats, who are open to some reforms, largely want a clean extension of the subsidies as illustrated by Schumer’s plan.
Whether Senate Republicans put forth their own plan remains in the air, too.
Senate Health, Education, Labor and Pensions Committee Chair Bill Cassidy, R-La., and Senate Finance Committee Chair Mike Crapo, R-Idaho, have been working on a Republican proposal, which likely largely centers on funneling the subsidy money into Healthcare Savings Accounts (HSAs) rather than directly to insurance companies.
The duo pitched ideas and proposals to Republicans during their weekly closed-door meeting on Tuesday, but no unified strategy emerged.
Schumer argued that Democrats’ proposal would be the last shot the Republicans and Congress would have to prevent the subsidies from lapsing and stopping healthcare premiums from skyrocketing.
‘If Republicans block our bill, there’s no going back,’ he said. ‘We won’t get another chance to halt these premium spikes before they kick in at the start of the New Year. Those insurance premiums in January will land like a hammer blow on the American people.’
Secretary of War Pete Hegseth ‘acted within his authority’ by sharing sensitive details about Houthi strikes over Signal, Armed Services Chairman Roger Wicker said after viewing a report from the Pentagon Inspector General (IG).
‘It is clear from the reports that the Secretary acted within his authority to communicate the information in question to other cabinet level officials,’ the Mississippi Republican said in a statement.
‘It is also clear to me that our senior leaders need more tools available to them to communicate classified information in real time and a variety of environments. I think we have some work to do in providing those tools to our national security leaders.’
U.S. officials often use Signal, an encrypted private messaging app, to communicate, even for sensitive information when they or the recipients of their messages are not near a Sensitive Compartmented Information Facility (SCIF).
Sources familiar with the report told Fox News that it had also determined Hegseth ‘created risks to operational security’ by sharing details of the March Houthi strikes with Cabinet officials over Signal. His actions ‘could have resulted in failed US mission objectives and potential harm to US pilots,’ one source familiar with the report said it determined.
Pentagon chief spokesperson Sean Parnell said of the report: ‘This Inspector General review is a TOTAL exoneration of Secretary Hegseth and proves what we knew all along – no classified information was shared. This matter is resolved and the case is closed.’
A classified version of the report has been handed over to the Senate Armed Services Committee and is available for members of the committee to view. An unclassified, redacted version will be made public on Thursday.
Trump administration officials used Signal to discuss sensitive military strikes against the Houthis in Yemen in March. Then-national security advisor Mike Waltz had created the chat, which included many of Trump’s top Cabinet members, and inadvertently added Jeffrey Goldberg, editor-in-chief of the Atlantic.
The IG launched a probe in April following requests from top lawmakers on Capitol Hill. It was intended to examine whether Secretary Pete Hegseth improperly discussed operational plans for a U.S. offensive against the Houthis in Yemen and will also review ‘compliance with classification and records retention requirements,’ according to a memo from Inspector General Steven Stebbins.
Hegseth’s Signal messages revealed F-18, Navy fighter aircraft, MQ-9s, drones and Tomahawks cruise missiles would be used in the strike on the Houthis.
‘1215et: F-18s LAUNCH (1st strike package),’ Hegseth said in one message notifying the chat of high-level administration officials that the attack was about to kick off.
‘1345: ‘Trigger Based’ F-18 1st Strike Window Starts (Target Terrorist is @ his Known Location so SHOULD BE ON TIME – also, Strike Drones Launch (MQ-9s),’ he added, according to the report.
‘1410: More F-18s LAUNCH (2nd strike package)’
‘1415: Strike Drones on Target (THIS IS WHEN THE FIRST BOMBS WILL DEFINITELY DROP, pending earlier ‘Trigger Based’ targets)’
‘1536 F-18 2nd Strike Starts – also, first sea-based Tomahawks launched.’
‘MORE TO FOLLOW (per timeline)’
‘We are currently clean on OPSEC’ — that is, operational security.
Waltz later wrote that the mission had been successful. ‘The first target — their top missile guy — was positively ID’d walking into his girlfriend’s building. It’s now collapsed.’
Trump administration officials have insisted that nothing classified was shared over the chat. The report should offer clarity on that claim.
Thursday will be a contentious day for the Pentagon — Adm. Frank M. Bradley, commander of Special Operations Command, will also be on Capitol Hill to offer his account of the Sept. 2 ‘double tap’ strike on alleged narco-traffickers.
After one strike on a boat carrying 11 people and allegedly carting drugs toward the U.S. left two survivors clinging to the wreckage, Bradley ordered another to take out the remaining smugglers.
Lawmakers and legal analysts have claimed that killing shipwrecked survivors is a war crime. Bradley is briefing leaders on the House and Senate Armed Services Committees.
Original reporting by the Washington Post claimed that direction came from the top: Hegseth had directed the commander to ‘kill them all.’ But Hegseth claimed he issued no such directive and did not witness the second strike. He said Bradley made the decision on his own, but he stands by it. U.S. officials who spoke with the New York Times said Hegseth did not order the second strike.
The suspect who allegedly planted pipe bombs blocks from the U.S. Capitol on January 5, 2021, has been identified as Brian Cole Jr. of Woodbridge, Va., according to two sources briefed on the arrest.
The sources say Cole, 30, is in FBI custody as of Thursday following roughly five years of investigation.
The FBI arrested Cole in northern Virginia.
Authorities have not released further details about the man, but one federal law enforcement source told Fox that the FBI is carrying out ‘court-enforced activity’ at Cole’s residence.
Authorities discovered the two pipe bombs near the Republican and Democratic National Committees’ headquarters around the same time that thousands of protesters a few blocks away began to storm the Capitol over the 2020 election results.
Neither bomb detonated, but authorities say both were viable and dangerous.
Video footage released by the FBI showed the suspect placing the pipe bombs near the two headquarters more than 16 hours before law enforcement found them.
The suspect was seen wearing a gray hoodie, Nike Air Max Speed Turf sneakers, a mask, glasses and gloves, but Cole’s identity had long been unknown.
Former Honduran President Juan Orlando Hernández thanked President Donald Trump for pardoning him, writing on social media that he was ‘wrongfully convicted.’
‘My profound gratitude goes to President @realDonaldTrump for having the courage to defend justice at a moment when a weaponized system refused to acknowledge the truth. You reviewed the facts, recognized the injustice, and acted with conviction. You changed my life, sir, and I will never forget it,’ Hernández wrote on X in his first remarks since he was released by the Bureau of Prisons.
‘I was set up by the Biden Harris administration and the deep state through a rigged trial. There was no real evidence, only the accusations of criminals who sought revenge. Yet the truth of my innocence prevailed,’ he said in part.
Hernández was sentenced to 45 years in prison in June 2024 for conspiring to distribute more than 400 tons of cocaine and for related firearms offenses.
Former Attorney General Merrick Garland said the ex-two-term president used his power to support one of the largest and most violent drug trafficking conspiracies in the world.
‘Hernández received millions of dollars of drug money from some of the largest and most violent drug-trafficking organizations in Honduras, Mexico, and elsewhere, and used those bribes to fuel his rise in Honduran politics,’ the Department of Justice said.
Hernández’s brother, Juan Antonio Hernández Alvarado, was also convicted in October 2019 and sentenced to life in prison.
Trump said he pardoned the former Honduran leader because ‘a lot of people in Honduras’ asked him to, adding he feels ‘very good about it.’
‘Well, he was the president, and they had some drugs being sold in their country, and because he was the president, they went after him – that was a Biden horrible witch hunt,’ Trump told reporters Tuesday.
Several GOP lawmakers criticized the pardon amid the White House’s targeting of alleged drug boats off the coast of Venezuela.
Sen. Bill Cassidy, R-La., criticized the decision to pardon Hernández, saying it made little sense to free him while the U.S. continues to pursue Venezuelan President Nicolás Maduro on federal narco-terrorism charges.
Sen. Thom Tillis, R-N.C., also criticized the move in an interview on CNN, saying he couldn’t understand how the U.S. could ‘threaten a potential land war against a thug and a narco-terrorist who plays like he’s the president of Venezuela, and then go easy on someone whose investigation that led to an indictment started in the Trump administration.’
First lady Melania Trump announced Thursday that an additional seven Ukrainian children have returned to their families in the war-torn country as part of a Russia-Ukraine youth reunification initiative.
‘My dedication to guaranteeing the safe return of children to their families in this region is unwavering,’ Melania Trump said in a statement shared by the White House, which noted that six boys and one girl were involved.
‘I commend the leadership and persistent diplomacy of Russia and Ukraine in the pursuit of the reunification of children and families. Their bridge-building has created a tangible collaborative environment — an anchor for optimism. This cooperation will continue to drive the process forward through the next phase,’ she added.
‘In close partnership, my representative and I have provided humanitarian support from the United States to enhance the reunification initiative’s outcome. My hope is that, ultimately, our collective efforts will lead to broader regional stability,’ Melania Trump also said.
The first lady previously wrote a ‘peace letter’ to Russian President Vladimir Putin telling him ‘it is time’ to protect children and future generations around the globe, Fox News Digital reported in August.
President Donald Trump then hand-delivered the message to the Russian leader before their summit in Alaska that month.
In October, Melania Trump said eight Ukrainian children displaced during the ongoing war with Russia had been reunited with their families.
‘Each child has lived in turmoil because of the war in Ukraine. Three were separated from their parents and displaced to the Russian Federation because of frontline fighting. The other five were separated from family members across borders because of the conflict, including one young girl who has now been reunited from Ukraine to Russia,’ Melania Trump said at the time.
‘My ongoing mission is twofold: to prioritize and optimize a transparent, free flow of health-related information surrounding all children who have [fallen] victim to this war, and to facilitate the reunification of children with their families until each individual returns home,’ Melania Trump said.
Fox News Digital’s Brooke Singman and Rachel Wolf contributed to this report.
Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (‘Sranan Gold’ or the ‘Company’) reports additional assay results from diamond drilling at the Randy’s Pit target on its Tapanahony Project, Suriname.
Highlights include 22.4m at 2.44 g/t Au in hole 25RADD-006 and 19m at 1.68 g/t Au in hole 25RADD-009. These new results (Table 1) continue to extend the mineralized structure along strike and with depth. The results build on the previously released (NR 04 November 2025) intercept of 64.0 metres grading 3.0 g/t Au (including 33.5 g/t Au over 5 m) in drill hole 25RADD-004. Sranan has now completed over 3,000 metres of drilling at Randy’s pit target and continues to demonstrate the continuity, and potential of the 4.5-km-long Randy–Poeketi gold Trend.
Table 1: Additional mineralized zones* of initial holes drilled by Sranan Gold
EPSG: 32621, UTM 21N WGS 84
| Hole ID | Easting | Northing | Z | Azimuth | Dip | Depth | From (m) | To (m) | Interval (m) | Au (g/t) | |||
| 25RADD-005 | 766349 | 455400 | 127.9 | 90 | -45 | 224 | 73.5 | 85.5 | 12 | 1.31 | |||
| Including | 84.5 | 85.5 | 1 | 9.63 | |||||||||
| and | 98 | 106 | 8 | 1.06 | |||||||||
| 25RADD-006 | 766355 | 455370 | 130.3 | 90 | -45 | 161 | 91.6 | 114 | 22.4 | 2.44 | |||
| including | 99 | 114 | 15 | 3.17 | |||||||||
| including | 101 | 108 | 7 | 4.77 | |||||||||
| and including | 105 | 108 | 3 | 7.99 | |||||||||
| and including | 105 | 106 | 1 | 16.43 | |||||||||
| 25RADD-007 | 766355 | 455370 | 130.3 | 90 | -45 | 224 | 144 | 150 | 6 | 3.82 | |||
| and | 157 | 159 | 2 | 2.88 | |||||||||
| 25RADD-008 | 766337 | 455346 | 126.2 | 90 | -50 | 200 | 138 | 146.5 | 8.5 | 1.77 | |||
| including | 138 | 139 | 1 | 7.44 | |||||||||
| including | 143.5 | 145.5 | 2 | 3.11 | |||||||||
| 25RADD-009 | 766310 | 455455 | 134.7 | 90 | -45 | 200 | 87 | 92 | 5 | 1.40 | |||
| and | 114 | 133 | 19 | 1.68 | |||||||||
| including | 120 | 126 | 6 | 4.29 | |||||||||
| and including | 120 | 121 | 1 | 24.71 | |||||||||
*Intercepts above 0.3 g/t Au with internal dilution up to 5m tolerated.
Widths shown are sampled intervals within the drill hole and may not represent true widths or thickness.
These new drill results continue to intersect multiple mineralized intervals within a wider shear corridor with zones of higher-grade mineralization. There is consistent mineralization within the upper and mid-levels of this west dipping shear system that support continuity between earlier holes and the holes reported in this release. A strong, broad interval is recognized in a central mineralized corridor that is trending along strike from the initial high-grade intercept in 25RADD-004 (see NR dated 04 November 2025).
The higher-grade intercepts reported in this release indicate that there is vertical and lateral continuity of the gold mineralization. The drilling completed to date supports the Company’s developing structural model of high-grade shoots within the north-north-west trending Poeketi shear corridor. The 19-metre interval in drill hole 25RADD-009 (see Figure1) is especially important as it represents an additional wide zone of continuous mineralization that is north of Randy’s pit.
Dr. Dennis LaPoint, EVP Exploration and Business Development states that ‘We are very pleased with the continued expansion of the mineralized trend at Randy’s pit along strike and at depth. The high grades are positive for future development as we continue to expand the mineralization at the Randy’s pit further to the north.’
Figure 1: Plan map of drilling by Sranan Gold at Randy’s Pit target with new major structural corridor of shearing, the Poeketi shear Zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/276842_3d091a06142b0948_001full.jpg
The mineralized shear zone is hosted in basalt/mafic volcanic rock (see Figure 2) with strong sericite-silica alteration. Oriented core measurements confirm NNW striking shear zone, with slight crenulations and local brecciation. The presence of both pyrite and pyrrhotite is strongly associated with the mineralized shear corridor.
Figure 2: Section 455350N showing 25RADD-006 and 25RADD-007 with west dipping NNW shear zone within basalts north of Randy’s pit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/276842_3d091a06142b0948_002full.jpg
Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50 gm re-assay and gravimetric assay. Standard QA/QC procedures were followed and showed a satisfactory level of reproducibility. The Company notes that the drill intercepts may not represent true underlying mineralization. Core logging and photography and sampling are completed under strict industry standard QA/QC protocols (Oreas certified reference materials, assayed coarse blanks, duplicates of core).
Qualified Person
Dr. Dennis J. LaPoint, Ph.D., P.Geo., a ‘qualified person’ as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.
About Sranan Gold
Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname and Canada. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts.
For more information, please visit sranangold.com.
Information contact
Oscar Louzada, CEO
+31 6 25438975
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
Forward-looking statements
Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.
Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276842
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western copper and gold corporation (TSX: WRN) (NYSE American: WRN) (‘Western’ or the ‘Company’) is pleased to contribute $75,000 to Little Salmon Carmacks First Nation (‘LSCFN’) to support meal and nutrition programs at Tantalus Community School and the LSCFN Daycare for the 202526 school year.
These programs deliver daily meals and snacks to children in Carmacks, ensuring students have access to reliable, healthy food throughout the school day. In recent months, changes to federal support funding programs have created uncertainty for many Yukon communities, resulting in delays and gaps in approvals for programs that families depend on. As a result, several school nutrition programs across the territory, including those in Carmacks, have faced challenges in maintaining consistent delivery.
LSCFN has worked diligently to keep its programs operating despite these pressures. Western’s contribution will help offset food purchasing, staffing, and program delivery costs so the community can maintain consistent services throughout the school year.
‘Little Salmon Carmacks First Nation appreciates the support from Western Copper and Gold to continue offering the nutrition programs at Tantalus Community School and our Dunena Zra Sanchi Ku Daycare,’ said Russel Blackjack, Chief of LSCFN. ‘Following the disappointing announcement that Canada would not be supporting these programs, LSCFN was committed to continuing to offer them. These programs are essential to our community’s children and families. They not only support nutrition, which ultimately plays a key role in learning outcomes for our children, but they provide employment opportunities for our citizens to support well-being and self-reliance. Mussi Cho.’
‘Ensuring children have access to nutritious meals is foundational to their health, learning, and development,’ said Sandeep Singh, President & CEO of Western. ‘We’re grateful to work alongside Little Salmon Carmacks First Nation in supporting these programs for the children and families of Carmacks. We see this as part of what it means to operate responsibly in the Yukon.’
The contribution is provided through Casino Cares, the Company’s community investment program focused on youth, education, and community well-being across the Yukon.
Western’s approach to community investment is grounded in partnership, respect, and the belief that strong relationships drive strong outcomes. As the Company advances the Casino Project, it remains committed to supporting initiatives that strengthen communities, enhance opportunities for youth, and contribute to a lasting positive legacy.
ABOUT LITTLE SALMON CARMACKS FIRST NATION’S NUTRITION AND WELLNESS PROGRAM
Little Salmon Carmacks First Nation has long prioritized programs that support the health, well-being, and success of children and families in the community of Carmacks. Through initiatives such as the Tantalus Community School meal program and the LSCFN Daycare food program, the First Nation provides daily access to nutritious meals and snacks, helping ensure students have the foundation they need to learn, grow, and thrive.
LSCFN’s approach to community wellness is guided by the Nation’s values, leadership, and commitment to self-determination. By developing and delivering their own child-focused programs, LSCFN advances First Nation control over essential services, strengthens culturally grounded support, and responds directly to the needs of families in their community.
The First Nation continues to advocate for sustainable, long-term solutions to education and nutrition funding in the Yukon, and remains dedicated to maintaining consistent, reliable programs that support student success and contribute to a strong future for Carmacks.
ABOUT western copper and gold corporation
western copper and gold corporation is advancing the Casino Project, Canada’s premier copper-gold mine in the Yukon and one of the most economic greenfield copper-gold mining projects in the world.
The Company is committed to working collaboratively with 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,
‘Sandeep Singh’
Sandeep Singh
President & CEO
western copper and gold corporation
For more information, please contact:
Cameron Magee
Director, Investor Relations & Corporate Development
western copper and gold corporation
437-219-5576 or cmagee@westerncopperandgold.com
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘plans’, ‘projects’, ‘intends’, ‘estimates’, ‘envisages’, ‘potential’, ‘possible’, ‘strategy’, ‘goals’, ‘opportunities’, ‘objectives’, or variations thereof or stating that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the advancement of the proposed Casino Project, the Company’s continued community investment commitments, and anticipated ongoing partnerships and program support.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino Project, potential impacts on operational continuity, changes in general market conditions that could affect the Company’s performance; and other risks and uncertainties disclosed in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.
Forward-looking statements are based on assumptions management believes to be reasonable, such assumptions and factors as set out herein, and in the Company’s annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company’s views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276797
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