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.

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Western Resources Corp

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Post by framloegon May 16, 2020 3:40pm

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Post# 31038329

Financing

Also looks like they hired a firm to help them secure money, for a fee of coarse Maybe they could also approach Sask gov't for an investment. Be an ideal investment for Sask/Cdn govt . For $28m they could get 37% of this company . Win/win

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