Western Resources Corp., Vancouver, B.C., on Dec. 27 announced that wholly-owned subsidiary Western Potash Corp. received the second tranche of funds in the amount of C$5 million from Vantage Chance Ltd. The initial transaction, which was for C$10 million, is now closed. Western Potash received the first C$5 million tranche payment in September 2023 (GM Oct. 6, 2023).
Western Potash is pursuing the completion of the Milestone Potash Phase 1 Project in Saskatchewan (GM March 24, 2023). The construction of the project was kicked off in June 2019 with an anticipated initial production of 146,000 mt/y.