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 > Interesting

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Comment by mdjbrownon Dec 22, 2020 12:25pm

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Post# 32161279

RE:RE:RE:RE:Interesting

Bmw, unfortunately it doesnt change their financial position as there is a lot of money owing / outstanding to contractors.

I agree that taking delivery of a dredge is promising, but that is just one piece of the process puzzle to fulfilling the offtake agreement with ADM

The remaining processing still relies on expensive equipment to get to the finish line. Maybe it can be rented until revenue starts to balance the books, but if they can pull off their estimated 146,000 tonnes, that will certainly help even at a slightly discounted potash price

Here's hoping!

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