Western Resources Corp. is publicly listed on the Toronto Stock Exchange under the symbol 'WRX'. It is also traded on the Frankfurt Stock Exchange under the symbol of ‘WR0’.
Western Resources Corp. was created for the purpose of diversifying the company assets through a Plan of Arrangement with Western Potash Corp., the latter focused on developing a Potash Project named 'Milestone' near Regina, Saskatchewan. With the corporate reorganization completed in March 2017, Western Potash corp. has become a wholly owned subsidiary of Western Resources Corp.
Western Resources Corp. opens Toronto Stock Exchange, May 18, 2017
Milestone continues to remain the key asset of Western Resources Corp., which aims at breaking the barriers to entry of the historically oligopolistic potash industry by applying innovative solution mining technology that makes smaller sized potash plants economically viable while gaining access to previously inaccessible high-grade reserves. The Phase I Project (the “Project”) is designed to produce 146,000 tonnes of potash per annum. Constructions is expected to be completed by May of 2023 with initial production in the fourth quarter of 2023, followed by full production in the second quarter of 2024, which will form the basis for further expansions. With the success of the Phase I Project, the new mining method will revolutionize the way potash is extracted in Canada, and Globally.
Following the corporate restructure as of September 2022, major shareholders of Western Resources Corp. include Vantage Chance Lmited. ("Vantage"), which owns ~53.7% of the equity. Tairui Mining Inc. ("Tairui"), which owns ~25.9% of the equity; followed by other retail and various investors that make up the remaining ~20.4%.