Our vision is to become the gateway to Eastern Capital & Global Markets, making Western Resources (the “Company”) a reputable vehicle for investment and acquisition in mining resources in North America & Asia. Through maximizing its advantages in access to mining resources, capital financing and market channels, the Company is dedicated to pursuing investment opportunities in strategic junior mining projects and bringing such projects to full development stage.
For now, the Company will devote its efforts into development of the Milestone Phase 1 Potash Project (the “Project”) of the Company’s wholly owned subsidiary of Western Potash Corp. The Company has obtained credit facility from the world’s largest policy bank for the construction of the Project, and also secured a 10-year legal binding off-take agreement for the entire products of the Project. General construction of the Project has been initiated in Spring 2019, with a plan to start production in mid-2020.
The success of the development of the Phase 1 Project has set it a model for the execution of Western’as strategic plan, which also represents the starting point as well as the cornerstone of Western’s strategic execution.