Western Sierra Resource Corporation files SEC FORM 10
STEAMBOAT SPRINGS, Colorado, January 4, 2022 (GLOBE NEWSWIRE) – WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to confirm the filing of a REGISTRATION FORM 10 statement with the Securities and Exchange Commission. This allows, upon approval, WSRC to become a fully-fledged SEC reporting company, commonly known as a 34 Act Company.
The main advantages are; additional brokers are permitted to accept orders and trade in WSRC shares; Increased market awareness as only SEC reporting companies are listed in some newsletters and stock advice.
After SEC approval, the WSRC can upgrade to OTCMarkets.com OTCQB level or to a listed exchange. In both cases, exposure to equities increases, which opens up new investment and financing opportunities.
The FORM 10 filing included the audited financial statements of the PCAOB up to the third quarter of 2021. These audited third quarter financial reports showed water-related assets with nine-month revenue of $ 1,202,800 and one asset. total of $ 50.1 million. Western Sierra intends to complete the full 2021 annual audit as soon as possible and update its documents with the SEC.
Revenues from other WSRC natural resource projects will be announced as subsequent quarterly reports are completed. The Company continues to position itself as a multidimensional natural resource, renewable resource and energy / energy saving company and invests the time, diligence and capital necessary to achieve sustainable growth by meeting revenue targets. individual projects for the benefit of our shareholders. . Income will be realized through concentrated efforts in the following project areas:
- Natural Resource Development: Improved microscopic (proprietary and eco-sensitive) recovery of precious metals as a hedge against currency fluctuations / devaluations. (Sage Hen Mine, Nevada)
- Development of natural resources: water and infrastructure for beneficial use in the cultivation of industrial hemp for the processing and subsequent manufacture of âgreenâ carbon-sequestering building products to build affordable homes in collaboration with Global Hemp Group. (Hayden, Colorado).
- Development of natural resources: exploration and production of helium to meet unmet demand in a myriad of technological applications. (NM, CO, AZ, NV).
- Energy conservation and power generation technologies: Pending R&D, patenting and implementation of environmentally friendly innovations for heating / cooling (HVAC), refrigeration and air purification systems energy saving air; Long life energy storage systems; Low (or zero) emission engines, engines, generators and turbine technologies for stationary and mobile powertrain applications; and air-to-water generation (AWG) systems for household supply and food production, to name a few. Several potentially lucrative contracts are currently being negotiated for full-scale production. (Escondido, CA, St. George, UT)
About Western Sierra Resource Corporation:
Founded in 1907, Western Sierra Resource Corporation (a Utah company) has a 114-year 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 vision to include natural (and renewable) resources with its acquisition of water rights and associated infrastructure 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 06.15.21) at a price of $ 1,400,000, with an additional 830 acres of agricultural and residential land also under a purchase agreement from non-refundable “hard” deposit. . WSRC’s intention is to become a broad based resource company with high value, high income generating assets including precious metals, real estate, water, agriculture, helium and technology. “Green”.
WSRC is not a subsidiary of any other company. WSRC and Global Hemp Group Inc. (GHG) have formed a partnership through a preferred share exchange to use WSRC’s $ 40 million in water and infrastructure assets and GHG’s vast experience. with Industrial Hemp (and financial resources) in a collaborative effort to develop an Agro-Industrial Hemp Zone (“HAIZ”) in Northwest Colorado.
This press 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 those which may predict, predict, indicate or involve future results, performance. or achievements, and may contain the words “estimate”, “project”, “intend”, “foresee”, “anticipate”, “plan”, “plan”, “expect”, “believe” “,” Probable “,” should “,” could “,” would “,” could “or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties which could cause the actual results and financial position of the company to differ materially from those contained in such statements, which involve risks and uncertainties. uncertainties, including those related to the company’s ability to develop. Actual results may differ materially from those predicted and any report should not be taken as an indication of future performance. Potential risks and uncertainties include the operating history and resources of the Company, as well as all customary and current economic, competitive and market conditions / risks.
Western Sierra Resource Society
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International Monetary – Blaine Riley – [email protected] – (949) 200-4601