Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Chemicals

Western Resources Corp. is a resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Company owns a 100% interest in the Milestone Project located in the province of Saskatchewan under various property leases. The Milestone Project includes approximately 84,557 acres of Crown held mineral leases and 65,305 acres of acquired freehold leases. The Company is constructing Phase I of the Milestone Project. The Company also invested in real estate development projects in the Greater Vancouver Area through limited partnerships. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the project exploration program. The Company has no mineral production that yields any revenue.

TSX:WRX - Post by User

Western Resources Corp

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Post by framloegon Apr 18, 2020 10:42am

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Post# 30925161

Insight

I am new to this company and wanted to get an opinion on WRX. Are there any concerns that the majority owner of this company is a Chinese firm with the current conditions in the US and can there be any fallout from it. Was going over details about phase 1 of the project and it sure looks good. Thanks for any insight others can share.

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