STEAMBOAT SPRINGS, Colo., Jan. 19, 2022 (GLOBE NEWSWIRE) — WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to confirm that its FORM 10 REGISTRATION STATEMENT will automatically become effective 30 days from which date WSRC will become a complete SEC filing company and begin filing Forms 10-K, 10-Q, and 8-K.
The main advantages are; additional brokers are authorized to accept orders and deal in WSRC shares; Increased market awareness as only SEC filing companies are listed in certain newsletters and bulletin boards.
Following SEC approval, WSRC intends to pursue a listing on a listed exchange, which will increase equity exposure, enabling new investment and funding opportunities.
The FORM 10 filing included the PCAOB’s audited financial statements through the third quarter of 2021. These third quarter audited financial reports showed water assets with nine months revenue of $1,202,800 and total assets of 50.1 millions of dollars. The 2021 annual audit of the WSRC is underway.
Revenues from other WSRC natural resource projects will be announced as subsequent quarterly reports are completed. The Company continues to position itself as a multi-dimensional natural resources, renewable resources and energy/energy conservation company and invests the time, diligence and capital necessary to achieve sustainable growth by meeting the revenue targets of each project for the benefit of our shareholders. . Revenues will be realized through concentrated efforts in the following areas of the project:
- Natural Resource Development: Enhanced microscopic recovery (proprietary and eco-sensitive) of precious metals as a hedge against currency fluctuation/devaluation. (Sage Hen Mine, Nevada).
- Natural Resource Development: Beneficial use water and infrastructure in the cultivation of industrial hemp for processing and subsequent manufacture of carbon-sequestering “green” building products to build affordable homes in collaboration with Global Hemp Group. (Hayden, Colorado).
- Natural Resource Development: Exploration and production of helium to meet unmet demand in a myriad of technology applications. (NM, CO, AZ, NV).
- Energy conservation and power generation technologies: R&D, patent and ongoing implementation of environmentally friendly innovations for heating/cooling (HVAC), refrigeration and air purification systems energy/cost efficient air; long life energy storage systems; Low (and zero) emission engines, motors, generators and turbines for stationary and mobile powertrain applications; and air-to-water generation (AWG) systems for domestic supply and food production, to name a few. Several potentially lucrative contracts are currently being negotiated for large-scale production. (Escondido, CA, St. George, UT).
About Western Sierra Resource Corporation:
Founded in 1907, Western Sierra Resource Corporation (a Utah company), has 114 years of history as a gold and silver mining company with projects in Arizona, Nevada, California and Mexico. WSRC currently has six precious metal reserves in Arizona. In 2014, the Company broadened its focus to include natural (and renewable) resources with its acquisition of water rights and associated infrastructure assets in Colorado for irrigation and industrial hemp cultivation; processing of hemp for the manufacture of various construction products; and for building affordable homes using hemp-based materials, among other beneficial uses. Commercial, industrial and agricultural land for these purposes was recently acquired (closed as of 6/15/21) at a price of $1,400,000, with an additional 830 acres of agricultural and residential land also under contract to purchase earnest non-refundable money. . WSRC’s intention is to become a broad based resource company with high value, high revenue generating assets including precious metals, real estate, water, agriculture, helium and technology “green”.
WSRC and Global Hemp Group Inc. (GHG) have formed an association through a preferred stock exchange to utilize WSRC’s $40 million+ in water and infrastructure assets and the vast experience of GHG with Industrial Hemp (and financial resources) in a collaborative effort to develop a Hemp Agro-Industrial Zone (“HAIZ”) in Northwest Colorado.
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include anything that predicts, predicts, indicates or imply future results, performance. or achievements, and may contain the words “estimate”, “project”, “intend”, “expect”, “anticipate”, “plan”, “plan”, “expect”, “believe” , “probable”, “should”, “could”, “could”, “could” or similar words or expressions. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial condition to differ materially from those contained in these statements, which involves risks and uncertainties, including those related to the company’s ability to grow. Actual results may differ materially from those anticipated and any report should not be relied upon as an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, and all usual and customary economic, competitive and market conditions/risks.
Western Sierra Resource Company