Business of Western Potash Corp.
Western Potash Corp. is a development stage potash company focused on building a solution mine on their Milestone Property located in southern Saskatchewan. The Company intends to develop this world-class Milestone potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.
In December 2012, along with AMEC of Americas, the Company completed a Feasibility Study on the project. This study reflected robust project metrics and saw commercial production beginning in 2016.
The Company recently announced the completion of the Environmental Assessment on the Milestone Property. The EA approval, granted by the Saskatchewan Ministry of Environment, covers all components of the mine facility including the use of City of Regina treated effluent as the industrial water source for the project.
The potash reserves in Saskatchewan are massive. By conservative estimates, Saskatchewan could supply world demand at current levels for several hundred years. Currently, Saskatchewan has the largest potash industry in the world, accounting for approximately 40% of the world's trade.
Western Potash has raised in excess of 86 million CAD from institutional and retail investors, including the IPO in May 2008.