News

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.

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

Western Potash Corp. is pleased to announce that its parent company Western Resource Corp. (“Western”)  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 Potash Corp. (“Western” or the “Company”) is pleased to announce that the company 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 Parent Company’s Audited Consolidated Financial Statements, Management Discussion & Analysis, and Annual Information Form.

Western Potash Corp.(WPC) is pleased to announce that WPC has has received key findings from its upcoming NI 43-101 report (“Report”) for its Milestone Phase I Project (“The Phase I Project”) in southern Saskatchewan. The Report is based on the expansion of the mine life from 12 years to 40 years and the update of the mining plan.

Western Potash Corp. is pleased to report on the overall status of and progress on the Company’s Milestone Potash Phase 1 Project (the “Project”) , and the Company’s gradual phase out of its real estate investments from its business model in order to improve its financial position and refocus its efforts on the successful completion of the Project.