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

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Post by mdjbrownon Nov 30, 2023 10:53am

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Post# 35761002

It is mind boggling that Western has spent $200 million

dollars on this project in the last few years, and the corporations current market cap sits at less than $70 million.

Big question: is the mine now acheiving initial production as previously expected by Q2?

"By Q2 2023, Phase 1 is expected to be achieving initial production, which will crown our success in being the first potash mine in Saskatchewan and Canada to successfully utilize selective horizontal potash extraction."

https://issuu.com/delcomminc/docs/pw_2023/s/17857953

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