Western Resources Corp.

Western Resources Corp. is pleased to announce that its shareholders approved all items put before them at the Company's Annual General Shareholder Meeting held today, March 10, 2023. The approved items are: Fixed the number of directors of the Company at 7; The election of Bill Xue, George Gao, Mark Fracchia, Justin Xing, Guy Bentinck, Andrew Hancharyk and Scott Nagel to the Board. A total of 328,893,991 common shares [...]

Western Resources Corp. is pleased to announce that its wholly owned Western Potash Corp. has received approval of the Ministry of Environment to extend the mine life of the Milestone Potash Phase 1 Project to 40 years. The Project is designed as a selective solution mine which, in contrast with traditional potash mining and solution mining, is expected not to produce salt tailings on surface, thereby substantially [...]

Western Resources Corp. is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. , has closed the second tranche, in the amount of US$31 million, equivalent of C$41.6 million of its C$85 million Loan transaction with Appian Capital Advisory LLP , the terms of which were previously announced in the press release of April 28, 2022. The second tranche of funds from the Loan transaction will be used [...]

Western Resources Corp. is pleased to announce today that it has closed the previously announced conversion of common shares held by Vantage Chance Limited in Western Potash Holdings Corp., a subsidiary of the Company, which were exchanged for common shares of the Company , following receipt of conditional approval from the TSX and the written consent by its majority shareholder, Tairui Mining Inc. , which owns [...]

Western Resources Corp. is pleased to announce that it has accepted the Conversion Notice issued by Vantage Chance Limited . Pursuant to the Subscription Agreement, Vantage completed its $80 million investment in Western Potash Holdings Corp. , a subsidiary of the Company, whereby it acquired an aggregate of 157,325,071 common shares in WPHC , representing approximately 54% of the outstanding shares of WPHC. WPHC [...]

Western Resources Corp. is pleased to announce that its subsidiary company Western Potash Holding Corp. has received the third and the last tranche of the equity funding proceeds from Vantage Chance Limited today in the amount of $30 million in exchange for the issuance to Vantage of 58,996,901 common shares of WPHC, which represents the closing of the previously announced Investment Transaction . With closing of the [...]

Western Resources is pleased to announce that its subsidiary company Western Potash Holding Corp. has received the second tranche of its equity funding proceeds from Vantage Chance in the amount of $17 million on July 29, 2022, as part of the previously announced Investment Transaction, in exchange for the issuance to Vantage of 33,431,578 common shares of WPHC. Upon issuance, Vantage will hold approximately 42.32% of the [...]

Western Resources is pleased to announce that its Regina-based subsidiary Western Potash Corp. has an enhanced corporate and project management team. Following the official kick-off of the Milestone Phase 1 Project in mid-May, Western established its EC and TC to advance the Project more effectively. The EC is Western’s primary decision-making body responsible for corporate strategy and development plan, company policies [...]

Western Resources Corp. is pleased to announce that its Regina-based subsidiary Western Potash Corp. completed a Collaborative Project Planning Session with its key contractors and staff to officially kick off the restart of the Milestone Project in order to complete the process facilities and solution mining development. Key Project representatives participated in a workshop style planning session in Regina to review and [...]

Western Resources is pleased to announce that Western Potash Holding Corp. has received the first tranche of its equity funding proceeds from Vantage Chance in the amount of $33 million, as part of the previously announced Investment Transaction, in exchange for the issuance to Vantage of 64,896,592 common shares of WPHC. Aggregate proceeds from the Investment Transaction, together with the first tranche of funding [...]