Western Potash Kicks off Milestone Project Re-start with Key Contractors
June 17 2022 - 11:09PM
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.
The kick off planning session was attended by
Western executives and staff and more than 30 people from several
different key organizations, each with an instrumental role in the
Project, including Bird Construction and March Consulting. Also
participating were representatives of Vantage Chance Limited and
Appian Capital Advisory LLP, each of which recently closed a
financing deal with Western. Areas of key focus included cavern
development, execution of the construction program and operational
readiness, including commissioning, start up and permit
readiness.
Mr. Bill Xue, the Company’s Chairman and CEO
said, “I am pleased to see the Project construction restarted after
being suspended for two years. I am very happy that all key Project
participants attended and actively interacted during the kick off
discussion. This session has helped all relevant parties together
reach a better and clearer understanding of Project goals and
priorities. It also allowed the internal team and key contractors
to identify gaps, resulting in the development of an integrated
action plan that will significantly mitigate any potential risks
potentially affecting Project schedules and cost. I am confident
that our team and contractors are capable of making this Project a
success.”
About Western Resources Corp.Western Resources Corp. and its
subsidiary Western Potash Corp. are constructing one of Canada’s
newest and most innovative, environmentally friendly and
capital-efficient potash mines. It is expected to be the first
potash mine internationally to leave no salt tailings at the
surface, thereby minimizing the water consumption and improving
energy efficiency. Successful completion of the Project will form
the basis for further expansion.
ON BEHALF OF THE BOARD OF DIRECTORS
Bill XueChairman and CEO
Cautions Regarding Forward-Looking
StatementsCertain statements contained in this news
release constitute forward-looking information within the meaning
of applicable Canadian securities laws. Forward-looking statements
are statements that are not historical facts and are generally, but
not always, identified by words such as "anticipate", "continue",
"estimate", "expect", "expected", "intend", "may", "will",
"project", "plan", "should", "believe" and similar expressions
(including negative variations), or that events or conditions
"will", "would", "may", "could" or "should" occur. Forward-looking
statements are based on the opinions and estimates of management as
of the date such statements are made and they are subject to known
and unknown risks, uncertainties and other factors that may cause
the actual results of the Company to be materially different from
those expressed or implied by such forward-looking statements or
forward-looking information. Although management of the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information that
is set out herein, except in accordance with applicable securities
laws.
For more information on the contents of this
release please contact Simon Guo, Corporate Secretary, at
306-924-9378.
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