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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

Western Resources Corp. is a Canada-based 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 Milestone Project is located approximately 35 kilometers southeast of Regina in Saskatchewan, Canada. The project includes approximately 84,557 acres of Crown held Mineral Leases and approximately 65,305 acres of acquired Freehold Leases. The Milestone Project is constructing Phase I of a potash mine. 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 exploration program. The Company has no mineral production that yields any revenue.


TSX:WRX - Post by User

Comment by mdjbrownon Apr 21, 2022 10:45am
200 Views
Post# 34620009

RE:Where will WRX go?

RE:Where will WRX go?griffen1, first and foremost I hope a portion of the $80 million provided by Vantage Chance is used to pay the numerous contractors, who have been waiting for several years to be paid for building the completed portion of the mine.

Also, it appears there will be some relationship bridge building required based on the following comments:

"The reeve of the RM of Lajord, Armond Gervais, seemed soured by the whole experience. It left him down on the whole idea of potash development in his community.

“If another one came along, I don’t know if we would be quite as interested,” Gervais said."




https://leaderpost.com/news/saskatchewan/china-owned-potash-company-owes-sask-contractors-millions

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