Western Sierra Resource Corporation Contracts on Strategic Property for the Hemp Agro-Industrial Zone (HAIZ)

Rhea-AI Summary

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.

Positive

• Acquisition of 44+ acres for sustainable hemp production.
• Initiation of hemp cultivation on 30 acres to identify optimal strains.
• Commitment to green building materials and sustainable housing projects.

Negative

• Forward-looking statements indicate risks regarding future operational success.
• Dependence on successful identification of suitable hemp strains could delay project benefits.

STEAMBOAT SPRINGS, Colo., May 10, 2021 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (“WSRC” or the “Company”) (OTC: WSRC) announces purchase of a key commercial/industrial real estate property for the commencement of the Colorado Hemp Agro-Industrial Zone (“HAIZ”), a genesis of its Sustainable, Regenerative, Renewable City Vision in Northwest Colorado. This 44+ acre multi-use property will be the site of the HAIZ manufacturing facility which will initially be focused on hemp-based building materials utilized for development of the initial Planned Unit Development of “green” and “affordable” homes in the area – part of its “Master Plan” to attract and showcase Industrial Hemp and related green/carbon neutral-negative building technologies to the World.

With the signing of the contract to purchase this property, the Company intends to close this transaction on or before June 15, 2021. Final terms of this transaction will be released on closing.

Acquisition of this property will pave the way for the Company to complete a hemp cultivation license for the current growing season. Approximately 30 acres of the property is scheduled for the initial hemp cultivation test and demonstration site this year. The necessary hemp seed has been sourced and the Company anticipates a growing trial of up to five different strains on the acreage to identify the best performing hemp strain for the specific climate and soil chemistry in the region to maximize product quality and certification for building materials requirements.

The Colorado HAIZ is an exciting opportunity to implement the vision of building an entire “green” and “sustainable” and restorative community in Northwest Colorado utilizing and showcasing hemp-based building materials and as many green economy technologies as possible, to attract and support green community stakeholders, and Government and industry support and partnerships.

Founded in 1907, Western Sierra Resource Corporation (a Utah corporation), has historically been a gold and silver mining company which continues to own several historical 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 assets in Colorado suitable for myriad “beneficial use” projects. These projects include, but are not limited to, agricultural production; affordable housing; development of “green” energy and energy conservation technologies; real estate development; recreation; stock watering; greenhouse production; open space maintenance; and wildlife habitat.

The Company, having closed its Definitive Agreement with Global Hemp Group, Inc. (as announced May 4, 2021) will endeavor to work with GHG to accelerate not only the Northern Colorado “HAIZ” project but also development and expansion of “green” energy savings technology through Mystere Power Group (MPG); Helium development; and gold and silver mining opportunities in Nevada and Arizona.

Colorado Hemp Agro-Industrial Zone (HAIZ) project. The HAIZ will be the epicentre of a futuristic “Sustainable/Renewable and Regenerative City model the Company intends to “brand” and duplicate sharing this model with the World. To support and innovate the HAIZ further, Global Hemp Group has established a Research and Development Division to actively pursue the development of Intellectual Property that can be patented for implementation locally and for partnerships Globally. The Division is led by Prof. Víctor M. Castaño, Ph.D. from the National Autonomous University of Mexico, a highly recognized leader in areas of applied science and technology. The R&D team brings an amazing wealth of knowledge and experience in multiple disciplines and will initially focus on development of Environmentally-Friendly Construction Materials, Nanofertilizers and Enhanced Extraction from Hemp.

Forward Looking Statements:
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 any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.

Contact:

Western Sierra Resource Corp
westernsierraresource.com
Twitter: @wsrcorp
admin@westernsierraresource.com

FAQ

What is the Colorado Hemp Agro-Industrial Zone (HAIZ) project by WSRC?

The Colorado HAIZ project is focused on establishing a facility to produce hemp-based building materials and promote sustainable living.

When does WSRC plan to close the property purchase for HAIZ?

WSRC intends to close the property purchase on or before June 15, 2021.

How much land will WSRC use for hemp cultivation in 2021?

WSRC plans to use approximately 30 acres for initial hemp cultivation this growing season.

What are the main goals of WSRC's sustainable initiatives?

WSRC aims to develop green and affordable housing using hemp-based materials and attract partnerships for sustainable community development.

What risks are associated with WSRC's forward-looking statements?

Risks include the company's ability to grow, operational success, and market conditions impacting performance.