Western Resources Corp. (T:WRX)
Business Focus: Agricultural Chemicals (NEC)
| Sector: Basic Materials | Industry: Agricultural Chemicals |
| Company Contact | |
| Address: | 666 Burrard Street,, Suite 2500 VANCOUVER BC V6C 2X8 |
| Tel: | N/A |
| Website: | https://www.westernresources.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Western Resources Corp. is a Canada-based resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Milestone Project is located approximately 35 kilometers southeast of Regina in Saskatchewan, Canada. The project includes approximately 84,557 acres of Crown held Mineral Leases and approximately 65,305 acres of acquired Freehold Leases. The Milestone Project is constructing Phase I of a potash mine. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the exploration program. The Company has no mineral production that yields any revenue. |
| Financial Overview |
| For the three months ended 31 December 2023, Western Resources Corp revenues was not reported. Net income decreased 57% to C$844K. Net income was partially offset by Foreign exchange gain decrease of 98% to C$25K (income), Interest income decrease of 66% to C$42K (income), Professional fees increase of 53% to C$206K (expense). |
| Employees: | 42 as of Sep 30, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $123.87M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.59M as of Dec 31, 2023 |
| Net annual income (TTM): | $1.63M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$55.32M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $80.13M as of Dec 31, 2023 |
| Shares outstanding: | 408,915,478 as of Jan 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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