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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

Post by mdjbrownon Dec 29, 2023 12:47am
413 Views
Post# 35803580

Financials / MD&A out late tonight

Financials / MD&A out late tonightNot sure we see the dredge operational next month if they are still working on the caverns for the next few months.

"Mine perforation development of the existing cavern was completed in February 2023, followed by drilling of new whipstock caverns that connected the old ones in April 2023. Management’s current focus is the development of the recently completed whipstock caverns. This development is expected to continue for the next few months. The Company will continue developing additional whipstock caverns and other development to ensure that the design production target is met once the plant is fully operational".
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