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 > What next?

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Comment by mdjbrownon Nov 12, 2021 11:47pm

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Post# 34122496

RE:RE:RE:RE:RE:RE:RE:RE:What next?

HNG, unfortunately this practice is becoming all to common place in Saskatchewan's potash sector.

Western Resources shareholders and Milestone construction contractors have been punched square in the gut

India's goverment through GSFC has essentially shut the door for Saskatchewan's Karnalyte Resources shareholders.

Encanto Potash shareholders have also felt the pain of massive investment decimation.

At some point I really hope Federal and Provincial regulators put their foot down on foreign ownership of Canada's natural resources.

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