Mining PRs and the Ottotrans™, Part 18

Today's Ottotrans™ is somewhat similar to the recent one concerning Greystar (GSL.to), but the company, metal and country are all different. Today we feature Western Copper Corp. (WRN.to) and its news release from late last night.

This is what they wrote:

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 05/10/10) - Western Copper Corporation ("Western Copper" or the "Company") (TSX:WRN - News) was notified today by the Yukon Water Board that the Carmacks Copper Project's ("Project") Water Use Licence application has been denied.

Western Copper is disappointed by this unexpected decision.

The Company is concerned that the decision of the Yukon Water Board is inconsistent with previous decisions of the Executive Committee of the Yukon Environmental and Socio-economic Assessment Board, and the Yukon Government which, after a lengthy environmental assessment process, determined that the Project should be allowed to proceed and issued the Project a Quartz Mining Licence allowing construction to commence.

The Company will be reviewing the decision in more detail and determining its next course of action.

And this is what it means:

OH SHIT, WE'RE SCREWED AS WELL.

disclosure: no position in WRN.to