Western Resources: Rises on offtake deal with ADM

Western Resources

26/09/2019 16:56

** Shares of Western Resources Corp  WRX.TO  up 16% at 29
Canadian cents after unit signs offtake deal with Archer Daniels
Midland Co  ADM.N 
    ** Western Potash Corp's deal for all of the about 146,000
tonnes per annum of potash produced from its Milestone Phase I
plant  urn:newsml:reuters.com:*:nGNX2WDh8S
    ** ADM plans to utilize WRX's transportation and sales
expertise to create a direct sale channel to market potash in
North America
    ** WRX says the project is on track to start production by
late 2020
    ** Including session gains, stock up 7% YTD

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2439, outside U.S. +91 80 6749 2439;))