User E-mail Registration

I am wanting to create a site where users can sign up for events periodically. Each event has a set limit of volunteers so I would like to send each user an email with a link to “Confirm” their availability. When this link is clicked I would like WordPress to send a reminder email before the event with a link that allows the volunteer to “Cancel” if needed.

Can anyone tell me if wordpress is capable of this. If so, can you provide leads for me to follow up on so I can start working on this project?