News

August 16, 2022, Regina, SK – Western Potash Corp. (“Western” or the “Company”) is pleased to announce that its Milestone Potash Phase 1 Project (the “Project”) team successfully hosted a Community Open House in Kronau, Saskatchewan on August 4, 2022.  This event aimed to update the local community about various aspects of the Project, including the construction plan especially, the optimized mining development plan and Western’s strategic vision for the future.

Western Potash Corp. is pleased to announce that its parent company Western Potash Holding Corp. (“WPHC”) has received the second tranche of its equity funding proceeds from Vantage Chance Limited (“Vantage”) in the amount of $17 million on July 29, 2022, as part of the previously announced Investment Transaction (as set out in a press release dated February 16, 2022) , in exchange for the issuance to Vantage of 33,431,578 common shares of WPHC. Upon issuance, Vantage will hold approximately 42.32% of the issued and outstanding common shares of WPHC, which in turn owns 100% of Western Potash Corp. (which itself owns Milestone Potash Project (the “Project”).

Western Potash will hold Community Open House on August 4, 2022 at Kronau Curling Club, between 4:00 pm to 8:00 pm. Details please see attached.

Western Potash Corp.(“Western”) is pleased to announce that it has an enhanced corporate and project management team. Following the official kick-off of the Milestone Phase 1 Project (the “Project”) in mid-May, Western established its Executive Committee (“EC”) and Technical Committee (“TC”) to advance the Project more effectively.

Western Potash Corp. (“Western” or the “Company”) is pleased to announce it 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.

Western Potash Corp. is pleased to announce that it has 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.

Western Potash 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.

Western Potash Corp. is pleased to announce that its parent company Western Resources Corp.(“Western” or the “Company”) (TSX: WRX) 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.

Western Potash Corp.("Western") is pleased to announce that it 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 Milestone Phase I Project (the “Project”) of Western Resources Corp.(the "Company"). Project construction was put on hold in May 2020 when the process plant was approximately 50% complete.

Western Potash Corp. (the "Western") is pleased to announce today that it 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.