Western Resources Corp. (WRX) Financials
TSX: WRX · Potash · Development stage
- Market cap$16.4M
- Share price$0.040
- 52-week range$0.040 – $0.040
- Shares outstanding408,915,478
- ExchangeTSX
- Properties1
- Websitewesternresources.com
Western Resources Corp. is the parent company of Western Potash Corp., which owns the Milestone Potash Project in Saskatchewan, Canada. The Company's common shares are listed on the Toronto Stock Exchange under the symbol 'WRX', although trading is currently suspended under Cease Trade Order issued by BC Securities Commission on March 4, 2025.
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Western Resources Corp. financial statements
Key figures read from 30 of 31 financial statement filings, May 15, 2017 to Aug 14, 2024. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$3,467,451 | C$2,200,558 | C$8,019,661 | C$6,711,404 | C$2,217,828 |
| Short-term investments | C$8,683,360 | C$28,237,009 | C$822,698 | C$3,220,683 | C$4,640,791 |
| Total current assets | C$337,406,895 | C$267,736,666 | C$237,765,390 | C$253,600,499 | C$9,333,386* |
| Total current liabilities | C$13,791,046 | C$14,376,956 | C$45,442,556 | C$57,081,910 | — |
| Working capital | C$323,615,849 | C$253,359,710 | C$192,322,834 | C$196,518,589 | — |
| Exploration and evaluation assets | C$329,972,023 | C$260,411,647 | C$231,385,170 | C$214,118,951 | C$154,053,146 |
| Total assets | C$351,097,751 | C$304,501,899 | C$246,848,009 | C$264,768,537 | C$197,933,723 |
| Debt | C$78,005,449 | C$29,838,108 | C$28,309,332 | C$26,518,359 | — |
| Total liabilities | C$105,392,192 | C$63,095,901 | C$86,007,507 | C$95,595,191 | — |
| Shareholders' equity | C$245,705,559 | C$241,405,998 | C$160,840,502 | C$169,173,346 | C$163,100,237 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | FY Sep 2020 | FY Sep 2019 | |
|---|---|---|---|---|---|
| General and administrative | C$1,008,399 | C$1,342,563 | C$1,540,435 | C$1,026,366 | C$812,981 |
| Share-based compensation | C$305,305 | C$146,262 | C$22,836 | C$218,872 | C$68,977 |
| Net income (loss) | C$2,765,387 | (C$327,638) | (C$5,623,485) | (C$1,665,475) | (C$922,163) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | FY Sep 2020 | FY Sep 2019 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$759,404) | (C$8,330,821) | (C$4,256,810) | (C$4,061,773) | (C$1,259,521) |
| Investing cash flow | (C$41,178,537) | (C$81,484,273) | (C$7,823,627) | (C$41,939,942) | (C$28,811,596) |
| Financing cash flow | C$43,204,834 | C$83,995,991 | (C$2,258,560) | C$50,495,291 | C$23,134,665 |
| Exploration spending (capitalized) | — | — | (C$11,160,873) | (C$41,410,622) | (C$41,819,607) |
| Proceeds from share issues | C$0 | C$80,000,000 | — | C$0 | C$11,120,665 |
| Change in cash | C$1,266,893 | (C$5,819,103) | C$1,308,257 | C$4,493,576 | (C$6,936,452) |
| Cash at end of period | C$3,467,451 | C$2,200,558 | C$8,019,661 | C$6,711,404 | C$2,217,828 |
No financings are on record for Western Resources Corp. yet.