Western Resources Corp.

Western Resources Corp. is very pleased to announce that Western Potash Corp., the company’s wholly-owned subsidiary, has safely and successfully completed the Phase I production drilling program, and has start solution mining into all three horizontal caverns. These are the first intentionally drilled and connected horizontal potash caverns in Saskatchewan, and signify a new and improved method of extracting potash [...]

Western Resources Corp. is very pleased to announce that Western Potash Corp, the company’s wholly-owned subsidiary, has entered into a binding offtake agreement with Archer Daniels Midland Company for 100% of the potash production from the Milestone Phase I plant. ADM is a world leader in agricultural sourcing, processing and transportation, and has built a vertically integrated global franchise with the sourcing [...]

Western Resources Corp. is pleased to announce that its wholly owned subsidiary Western Potash Corp. has appointed Mr. Fritz Venter as new CEO and President effective August 1, 2019. Mr. Venter has also been appointed as COO and board director of Western Resources Corp. He will lead the Project team to successfully develop the Milestone Potash Phase I Project. Prior to joining Western Potash, Mr. Fritz Venter was Senior [...]

Western Resources Corp. is pleased to announce that its wholly owned subsidiary Western Garden Properties Corp. has reported its recovery of all mortgage loans made to the Greater Vancouver-based real estate projects over the last two years. The original intention of the Company’s decision to pursue alternative value-enhancing opportunities in areas beyond resource-based industry was to increase the firm’s [...]

Western Resources Corp. is pleased to announce that its wholly owned subsidiary Western Potash Corp. has commenced its drilling program with Artisan Consulting and AKITA Drilling on July 14, 2019 at the Company’s Milestone Phase I Potash Project located 35 km southeast of Regina, Saskatchewan. The Milestone Phase 1 Project will be the newest and most innovative, environmentally friendly and capital efficient new [...]

Western Resources Corp. is pleased to announce that its wholly owned subsidiary Western Potash Corp. has entered into a lump-sum agreement with Stuart Olson Prairie Construction to be the General Contractor for the construction of the Company’s Milestone Phase I Potash Project located 35 km southeast of Regina, Saskatchewan. Stuart Olson is one of the largest and most respected construction services companies in [...]

Western Resources Corp. announces that it has closed the rights offering announced on March 6, 2019. A total of 93,437,110 common shares of the Company will be issued to holders of Rights at a subscription price of C$0.12 per Share which represents gross proceeds of C$11,212,453.20. The total issued and outstanding capital of the Company following the completion of the Rights Offering will be 186,874,220 common shares [...]

Western Resources Corp. is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Meeting held March 15, 2019. The approved items include: The reappointment of KPMG LLP as auditors of the Company at a remuneration to be fixed by the directors; Fixed the number of directors of the Company at 6; The election of James Moore, Bill Xue, Geoffrey Chang, Xia Qinglong [...]

Western Resources Corp. announces that it will conduct an offering of rights to raise gross proceeds of approximately C$11 million. Pursuant to the rights offering circular and the notice of rights offering , each eligible registered shareholder of the Company resident in Canada holding common shares as at the close of business on March 14, 2019 will receive one Right for every one Share held. Each Right will entitle the [...]

Western Resources Corp. is pleased to announce that it has filed its audited 2018 fiscal year Consolidated Financial Statement, the Management Discussion & Analysis report, and the Annual Information Form on Sedar on December 20, 2018. Highlights of the corporate developments over the past fiscal year are closely related to the development of the Company’s Milestone Potash Solution Mining Project located 35 km [...]