Western Resources Corp

Western Resources Corp. engages in the business of acquisition, exploration, and development of potash mineral properties. The company is headquartered in Vancouver, British Columbia and currently employs 42 full-time employees. The company went IPO on 2008-05-06. The firm is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The firm owns a 100% interest in the Milestone Project located in the province of Saskatchewan under various property leases. The Milestone Project includes approximately 84,557 acres of Crown held mineral leases and 65,305 acres of acquired freehold leases. The firm is constructing Phase I of the Milestone Project. The firm also invested in real estate development projects in the Greater Vancouver Area through limited partnerships. The firm completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the project exploration program. The firm has no mineral production that yields any revenue.