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Bullboard - Stock Discussion Forum 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... see more

TSX:WRX - Post Discussion

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Post by Wiser8SST on May 10, 2024 7:54pm

SHUTDOWN

Western Potash shutdown all operations, and closed off the caverns. Extremely high employee turnover since last summer, the remaining employees were laid off. The finacial institutes will salvage what they can from site. Construction trailers to be removed this summer.

The stock closed today at 9 cents during trading hours.

Hopefully a new company can aquire the assets and attempt a new approach. The future is uncertain of the mine site.
Comment by oldsalt72 on May 11, 2024 6:46am
Very sad news, if it is all true. They hired the "best experts", all the old "potash solution mining experts" and got bad advice. Paid them well. But I have been trying to point out, the ideas they are promoting are wrong, now proven wrong. There is a simple way to make this work.  It would eliminate the pond, the dredge, the submerged combustion units and a lot of the ...more  
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