Western Sierra Resource Corporation (WSRC) announced ongoing negotiations with a third-party exploration company for the FCHPA Helium Project in the Four Corners Area. Utilizing proprietary seismic data, the company estimates potential recoverable helium content between 1% and 5%. Estimated costs for lease acquisition and drilling total $2.75 million. If successful, monthly revenues could range from $234,000 to $1.17 million based on varying helium percentages. The company remains optimistic about negotiations but notes potential risks.
Western Sierra Resource Corporation (OTC: WSRC) has finalized a deal to acquire 70% of Silver State Mining Group, Inc. for $10 million. This funding will accelerate development of the Sage Hen Mining Claims in Western Nevada, with a focus on constructing a 100 ton/day processing plant. This project is expected to yield significant returns, projecting $269 million annual net income at initial capacity and up to $3.2 billion at full capacity of 1,100 tons/day. Management aims for production to begin within the year, emphasizing minimal shareholder dilution.
Western Sierra Resource Corporation (OTC: WSRC) is negotiating to acquire 70% of Silver State Mining Group, Inc. SSMG owns 49% of the Sage Hen Mining claims in Nevada, totaling 640 acres. The claims are adjacent to the Relief Canyon Mine and show potential for gold, silver, platinum, palladium, and rhodium. WSRC plans to develop a 100 ton/day operation, with an expected annual net income of $269 million, increasing to 1,100 tons/day for $3.2 billion.
On May 18, 2021, Western Sierra Resource Corporation (WSRC) announced a strategic acquisition of approximately 175 acres of land in collaboration with Global Hemp Group Inc.. This property will be developed into a Colorado Hemp Agro-Industrial Zone (HAIZ), focusing on affordable housing and industrial hemp cultivation. The initial contract includes a $250,000 earnest money deposit, with due diligence to be completed by June 11, 2021. WSRC aims to establish a sustainable community utilizing hemp for carbon-neutral building materials, marking a significant step towards its eco-friendly vision.
Western Sierra Resource Corporation (WSRC) has announced the purchase of a 44+ acre property in Colorado to establish the Colorado Hemp Agro-Industrial Zone (HAIZ). This facility will focus on manufacturing hemp-based building materials as part of a broader initiative to create sustainable, affordable housing. The company plans to initiate hemp cultivation on 30 acres this growing season, testing various strains for quality and certification. This acquisition aligns with WSRC's commitment to green technologies and partnerships aimed at sustainability.
Western Sierra Resource Corporation (WSRC) has finalized a transaction with Global Hemp Group, Inc. to establish the Colorado Hemp Agro-Industrial Zone (HAIZ). This initiative aims to enhance capital formation through targeted acquisitions and the development of green energy projects and water infrastructure, valued at over US$40 million. The project will facilitate the cultivation of industrial hemp and the production of hemp-based construction materials, generating multiple revenue streams and employment opportunities while allowing WSRC to retire existing debts.
Western Sierra Resource Corporation (WSRC) recently launched its innovative Energy Tree, aimed at transforming the HVAC retrofit industry. The system promises a 40-50% reduction in utility costs for clients, utilizing a combination of solid oxide fuel cells and a waste heat exchange engine generator. A major client, a leading data center, plans to phase out diesel generators for this technology. Additionally, WSRC will file three patents by mid-May 2021 to protect its innovations.
Western Sierra Resource Corporation (WSRC) has signed a Definitive Agreement with Prescient Strategies Group and Global Hemp Group for the acquisition of WSRC's Preferred A Class Share holdings. This transaction aims to close around February 9, 2021, contingent upon certain conditions, including debt restructuring. The acquisition will enable WSRC to access capital to retire its debts and leverage its water rights for a Colorado hemp project, potentially valued at over US$40 million. The project focuses on sustainable hemp construction and agricultural development, promising multiple revenue streams.
Western Sierra Resource Corporation (OTC: WSRC) has appointed Mr. Kenneth Pearson to its Board of Directors. Pearson, founder of Mystere Power Group, brings a wealth of experience in green technologies and innovations, including HVAC and non-chemical sanitization solutions. His expertise in patented technologies is expected to enhance WSRC's vertical integration and licensing efforts. The company anticipates significant benefits from Pearson’s contributions to its development and application of innovative solutions across various divisions.