News

Western Resources Corp. is pleased to announce that its subsidary Western Potash Corp. (“Western” or the “Company”) hosted a delegation of thirteen officials from three different Ministries of the Saskatchewan government for a mine tour today at the Milestone Project (the “Project”) site. After closing financing deals with Appian Capital and Vantage Chance in May, the Project kicked off with key contractors in mid-June, with mobilizations now occurring at the site.

Vancouver BC – Western Resources Corp. (TSX: WRX) (the "Company”) is pleased to announce that its Regina-based subsidiary Western Potash Corp. (“Western”) completed a Collaborative Project Planning Session with its key contractors and staff to officially kick off the restart of the Milestone Project (“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 gain alignment on key aspects of the project timeline and readiness for start-up, leading into the full ramp up of operations which is expected to happen in mid 2023.

Vancouver BC – Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that Western Potash Holding Corp. (“WPHC”) has received the first tranche of its equity funding proceeds from Vantage Chance Limited (“Vantage”) 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 received last week from Appian Capital Advisory, will be used to continue and complete the remaining construction and development of the Milestone Phase I Project (the “Project”), and for general and administrative expenses of the Project.

Vancouver BC – Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that it has entered into an Amended and Restated Subscription Agreement (the “Amendment”) originally signed on February 16, 2022 with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a wholly owned subsidiary of the Company.

Vancouver BC – Western Resources Corp. (TSX: WRX) (the "Company”) is pleased to announce that its wholly-owned subsidiary Western Potash Corp. (“Western”) has entered into a cost- reimbursable construction services agreement (the “Agreement”) with Stuart Olson Prairie Construction Inc., a wholly owned subsidiary of Bird Construction Inc. (TSX: BDT) (“Bird”), as general contractor to continue the bulk of the remaining construction work for the Company’s Milestone Phase I Project (the “Project”). Project construction was put on hold in May 2020 when the process plant was approximately 50% complete.

Vancouver BC – Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. (“Western”), has closed the first tranche, in the amount of C$45 million, of its Loan Transaction with Appian Capital Advisory LLP ("Appian"), the terms of which were previously announced in the press release of April 28, 2022.

Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. (“Western”), has entered into a C$85,000,000 term loan facility financing transaction (the "Loan Transaction") with Appian Capital Advisory LLP (“Appian”).

Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General and Special Shareholder Meeting (“AGM”) held on March 28, 2022.

Vancouver BC – Western Resources Corp. (“Western”) (TSX: WRX) is pleased to announce that it has signed a subscription agreement (the “Subscription Agreement”) today with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a newly formed company which, upon completion of a reorganization (described below), will own 100% of Western Potash Corp. (“WPC”) and its Milestone Potash Project. Vantage is a private investment company registered in the British Virgin Islands.

Western Resources Corp. (TSX: WRX) (“Western” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Western Potash Corp has filed an updated NI 43-101 Technical Report (the “Report”) for its Milestone Phase 1 Project (the “Phase 1 Project”) on SEDAR on December 29, 2021, in conjunction with the filing of the Company’s Audited Consolidated Financial Statements, Management Discussion & Analysis, and Annual Information Form.