Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Basic Materials

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 > Operational News......or lack of

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Comment by frostbackon Nov 03, 2020 12:53pm

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Post# 31830312

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Operational News......or lack of

Lets hope there is a "good" news release in the coming weeks. The current price of potash is very low and believe it will be tough going to raise any funding under the current circumstances. As noted prior I do not believe there is any public appetite to ail out a failing "pilot" project .... after all is not the reasoning to start with proof of concept and then move forward with funding for a full scale project. At this point it appears that the concept has failed due to various reasons.....Covid 19 was used a smokescreen to detract from the financial woes but can not be used as an excuse for operational failures.

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