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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 Jan 02, 2024 1:12pm
410 Views
Post# 35807282

Drills have certainly been spinning the last few months

Drills have certainly been spinning the last few monthsFrom Westerns AIF:

"Using experience and data obtained from the operations, and in conjunction with a number of leading solution mining experts, an optimized solution mining plan has been developed which includes three brand new whipstock caverns and new methods of cavern development that focus on speed while still maintain effect cavern sizes. As of early December 2023, all of the three new whipstock caverns have been successfully drilled as planned, and two main methods are used in combination for development, which is expected to be completed in the Q1 of 2024, after which all of the three new horizontal caverns, together with the three old caverns, will start production."
 

Also looks like there has been quite a bit of turnover internally in the last 6 monthes:

Mr. Venter left Western as of October 26, 2023.
Mr. Wild’s contract was terminated as of August 11, 2023
Mr Kirton’s contract was terminated as of August 14, 2023.


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