Potash

Nutrien Ltd was created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients--nitrogen, potash, and phosphate--although its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through both its physical stores and online platforms.

Recent News

Company News

Western Potash Signs Construction Services Contract with Stuart Olson

Western Resources Corp.  is pleased to announce that its wholly-owned subsidiary Western Potash Corp.  has entered into a cost-reimbursable construction services agreement with Stuart Olson Prairie Construction Inc., a wholly owned subsidiary of Bird Construction Inc. as general contractor to continue the bulk of the remaining construction work for the Company’s Milestone Phase I Project . Project construction ...

Western Resources Corp. (TSX: WRX) (the "Company") is pleased to announce that its wholly-owned subsidiary Western Potash Corp. ("Western") 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 Company's Milestone Phase I Project (the "Project"). Project construction was put on hold in May 2020 when the process plant was approximately 50% complete.

The Agreement resolves all prior outstanding issues between Western and Bird and establishes a new time & material ("T&M") based contract governing completion of the remaining Project work. The scope of work will be focussed on process plant section completion, including certain steel and pipework, completion of major equipment installation, electrical and control system completion, building and site work. Bird will begin mobilization in early June, with an anticipated maximum workforce of around 100 people expected at the site. Construction is expected to be completed by Q2, 2023, and followed by a three-month general commissioning, with production to start up in Q3 of 2023.

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Western Potash Corp. Closes First Tranche of Loan Transaction With Appian Capital Advisory LLP

Western Resources Corp. is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. has closed the first tranche, in the amount of C$45 million, of its Loan Transaction with Appian Capital Advisory LLP the terms of which were previously announced in the press release of April 28, 2022. The first tranche of funds from the Loan Transaction will be used by Western to restart immediately ...

Western Resources Corp. (the "Company") (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. ("Western"), 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.

The first tranche of funds from the Loan Transaction will be used by Western to restart immediately construction of the Milestone Phase 1 Project ("Project") and continue with its optimized mining development plan. The funding will also be applied in the settlement of all outstanding legal claims against Western and the removal of all liens related to those claims.

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Western Potash Corp. Signs C$85,000,000 Financing Transaction With Appian Capital and Announces Investment Review Clearance of C$80,000,000 Equity Investment by Vantage Chance Limited

Western Resources Corp. is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. has entered into a C$85,000,000 term loan facility financing transaction with Appian Capital Advisory LLP . The Loan Transaction has been negotiated at arm's length and will not materially affect control of the Company. Proceeds of the Loan Transaction will enable Western to continue and complete the remaining ...

Western Resources Corp. (the "Company") (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. ("Western"), has entered into a C$85,000,000 term loan facility financing transaction (the "Loan Transaction") with Appian Capital Advisory LLP ("Appian"). The Loan Transaction has been negotiated at arm's length and will not materially affect control of the Company. Proceeds of the Loan Transaction will enable Western to continue and complete the remaining construction and development of the Milestone Phase I Project (the "Project"), pay out existing creditors and for general and administrative expenses of the Project.

The Loan Transaction includes:

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Karnalyte Resources Inc

Karnalyte Resources Inc is a development stage company focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. It owns the construction ready Wynyard Potash Project, with planned phase 1 production of high grade granular potash, and two subsequent phases. It is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.