Western Resources (WTRNF) completed the delisting of its common shares from the Toronto Stock Exchange effective October 7, 2026. The delisting took effect at market close after the TSX Continued Listings Committee determined that the company no longer met continued listing requirements. As of October 8, 2026, the company remains subject to a cease trade order, and certain subsidiaries remain in proceedings under Canada's Companies' Creditors Arrangement Act.
Western Resources Corp. (WTRNF) will have its common shares delisted from the Toronto Stock Exchange at the close of market on October 7, 2026, following a decision by the TSX Continued Listings Committee.
The delisting results from a TSX review that determined the company no longer meets the exchange’s continued listing requirements. Western Resources is reviewing the decision and its options and intends to provide further updates when appropriate.
Western Resources (WTRNF) announced court approvals advancing its subsidiaries’ restructuring under the Companies’ Creditors Arrangement Act and outlined risks to its TSX listing as of August 31, 2026.
The Supreme Court of British Columbia granted an Amended and Restated Initial Order extending the CCAA stay of proceedings to December 18, 2026. The Court also approved an increase in interim financing of up to US$6 million, providing additional liquidity, and authorized pursuit of refinancing, restructuring, investment and transaction opportunities under the supervision of FTI Consulting Canada as Monitor. A Court-approved Sale and Investment Solicitation Process (SISP) will market potential sale, investment, recapitalization or refinancing options for the Debtors and the Milestone Project.
Separately, the TSX is conducting an Expedited Review of Western Resources’ continued listing. The TSX Continued Listing Committee will meet on September 8, 2026 to consider a potential delisting. Trading in the company’s TSX-listed common shares (WRX) remains suspended, and there is no assurance the shares will remain listed.
Western Potash Corp. (OTC: WTRNF) and related subsidiaries of Western Resources obtained an Initial Order under Canada’s Companies' Creditors Arrangement Act, effective August 21, 2026. FTI Consulting Canada was appointed as Monitor to oversee the restructuring.
The Order imposes a stay of proceedings until August 31, 2026, allows the Debtors to continue operating and pay post-order obligations and certain pre-order employee and critical supplier amounts, but restricts payments on pre-CCAA debt without approval. The Court also approved up to US$1,000,000 in interim financing from WPC (Jersey) Limited, secured by court-ordered priority charges. The Debtors plan to develop a creditor Plan and will seek an extension of the stay and additional authority at a hearing on August 31, 2026, with potential Chapter 15 recognition in the U.S.