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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

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

Comment by mdjbrownon Nov 04, 2020 5:39pm
243 Views
Post# 31839507

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Operational News......or lack offrostback, I am not so sure this stalemate is an indictment on the pilot project itself, but more so the fact that funding to complete not only the 17% remaining construction, but more so actually paying for the 83% of construction costs already completed to date has become a major conundrum.

Not sure how Western can possibly complete the remaining 17% of required items on the to do list when every contractor in Saskatchewan will be very aware of what is going on on with contractors at the Milestone site.

It shouldnt be that tough to prove the pilot process as the crystallization pond wont lie. The unprocessed inventory is either there in plain view or its not.


"Nevertheless, the Company will continue the operation of full-scale hot mining to consistently build up inventory of potash in the crystallization pond, getting ready for harvesting by the end of the year."

 Question is, can Western somehow de-brine, dry, and compact the potash with out the required equipment, as Western already has a contractual buyer for 100% of the potash offtake



"Once finished the plant will de-brine, dry and compact the potash and truck to the local Port Lajord fertilizer distribution center where Archer Daniels Midland (ADM) has signed a binding off-take agreement with Western to sell the 100% of the offtake."


As I mentioned earlier, so close, but yet feels so very far away



 








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