Western Resources Corp Symbol WRX Shares Issued 187,174,2 2022-06-17 23:26 ET - News Release
Mr. Bill Xue reports
WESTERN POTASH KICKS OFF MILESTONE PROJECT RE-START WITH KEY CONTRACTORS
Western Resources Corp.'s Regina-based subsidiary Western Potash Corp. has completed a collaborative project planning session with its key contractors and staff to officially kick off the restart of the Milestone project to complete the process facility and solution mining development. Key project representatives participated in a workshop-style planning session in Regina to review and gain alignment on key aspects of the project timeline and readiness for start-up, leading into the full ramp-up of operations, which is expected to happen in mid-2023.
The kickoff planning session was attended by Western Resources executives and staff and more than 30 people from several different key organizations, each with an instrumental role in the project, including Bird Construction and March Consulting. Also participating were representatives of Vantage Chance Ltd. and Appian Capital Advisory LLP, each of which recently closed a financing deal with Western Resources. Areas of key focus included cavern development, execution of the construction program and operational readiness, including commissioning, start-up and permit readiness.
Bill Xue, the company's chairman and chief executive officer, said: "I am pleased to see the project construction restarted after being suspended for two years. I am very happy that all key project participants attended and actively interacted during the kickoff discussion. This session has helped all relevant parties together reach a better and clearer understanding of project goals and priorities. It also allowed the internal team and key contractors to identify gaps, resulting in the development of an integrated action plan that will significantly mitigate any potential risks potentially affecting project schedules and cost. I am confident that our team and contractors are capable of making this project a success."
About Western Resources Corp.
Western Resources and its subsidiary Western Potash are constructing one of Canada's newest and most innovative, environmentally friendly, and capital-efficient potash mines. It is expected to be the first potash mine internationally to leave no salt tailings at the surface, thereby minimizing water consumption and improving energy efficiency. Successful completion of the project will form the basis for further expansion.
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