Western Sierra Resource Corporation Files SEC FORM 10 Registration Statement

Rhea-AI Summary

Western Sierra Resource Corporation (OTC: WSRC) has filed a FORM 10 REGISTRATION Statement with the SEC, allowing it to potentially become a full reporting company. This move is expected to attract more broker dealers and increase market awareness. The filing includes PCAOB Audited Financials indicating Q3 2021 revenues of $1.2 million and total assets of $50.1 million. WSRC plans to uplift to the OTCQB tier or a Listed Exchange, expanding investment opportunities. The company is involved in multiple projects including precious metal recovery, water infrastructure for hemp cultivation, and helium exploration.

Positive

• Filed FORM 10 REGISTRATION Statement with SEC to become a full reporting company.
• Third Quarter 2021 audited financials show $1.2 million in revenue and total assets of $50.1 million.
• Plans to uplift to OTCQB or a Listed Exchange for enhanced stock exposure and investment opportunities.
• Engaged in multiple revenue-generating projects in precious metals, water infrastructure, and helium exploration.

Negative

• None.

STEAMBOAT SPRINGS, Colo., Jan. 04, 2022 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to confirm its filing of a FORM 10 REGISTRATION Statement with the Securities and Exchange Commission. This enables, upon approval, WSRC to become an SEC full reporting company, commonly referred to as a 34 Act Company.

The major benefits are; additional Broker Dealers are allowed to accept orders and trade the shares of WSRC; increased Market Awareness as only SEC reporting Companies are listed in certain newsletters and stock boards.

Upon SEC approval, WSRC can uplift to either OTCMarkets.com OTCQB tier or a Listed Exchange. Either case increases stock exposure, enabling new investment and funding opportunities.

The FORM 10 filing included PCAOB Audited Financials up to 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 million. Western Sierra intends to complete the full 2021 annual audit as soon as possible and update its SEC filings.

Income 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 resource, renewable resource, and energy / energy conservation enterprise and is investing the necessary time, diligence, and capital to achieve sustainable growth by meeting individual project revenue objectives to the benefit of our shareholders. Revenues will be realized through concentrated effort in the following Project areas:

• Natural Resource Development: Enhanced (Proprietary and Eco-Sensitive) Microscopic Recovery of Precious Metals as a hedge against currency fluctuation/devaluation. (Sage Hen Mine, Nevada)
• Natural Resource Development: Water and Infrastructure for beneficial use in cultivation of industrial hemp for processing and subsequent manufacture of “green” carbon sequestering construction products to build affordable homes in collaboration with Global Hemp Group. (Hayden, Colorado).
• Natural Resource Development: Helium exploration and production to address unmet demand in myriad technological applications. (NM, CO, AZ, NV).
• Energy Conservation and Power Generation Technologies: On-going R&D, patent, and implementation of environmentally conscious innovations for energy/cost saving Heating/Cooling (HVAC), Refrigeration, and Air Purification systems; Long-life Energy Storage Systems; Low (and no) emission motors, engines, generators, and turbine technologies for both stationary and mobile powertrain applications; and Air-Water Generation (AWG) systems for domestic supply and food production—to name a few. Several potentially lucrative contracts are currently under negotiation for large-scale production. (Escondido, CA, St. George, UT)

About Western Sierra Resource Corporation:
Founded in 1907, Western Sierra Resource Corporation (a Utah corporation) has a 114-year history as a gold and silver mining company with projects in Arizona, Nevada, California, and Mexico. WSRC currently owns 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 assets in Colorado for purposes of irrigating and cultivating industrial hemp; processing hemp for manufacture of various building products; and for construction of affordable homes utilizing hemp-based materials—among other beneficial uses. Commercial, Industrial, and Agricultural land for these purposes has been recently acquired (closed as of 06.15.21) at a price of $1,400,000, with an additional 830 acres of agricultural and residential land also under non-refundable “hard” earnest money purchase contract. WSRC’s intent is to become a broad-based resource company with high value and high-income generating assets including precious metals, real estate, water, agriculture, helium, and “green” technologies.

WSRC is not a subsidiary of any other company. WSRC and Global Hemp Group Inc. (GHG) have formed an association through a swap of Preferred Stock to utilize WSRC's $40+ million in Water and Infrastructure Assets and GHG's extensive experience with industrial hemp (and financial resources) in a collaborative effort to develop a Hemp Agro-Industrial Zone ("HAIZ") in Northwest Colorado.

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 Corporation
westernsierraresource.com

Twitter | Facebook | LinkedIn | Telegram
@WSRCorp

International Monetary – Blaine Riley – br@intlmonetary.com – (949) 200-4601

FAQ

What is Western Sierra Resource Corporation's latest SEC filing?

Western Sierra Resource Corporation has filed a FORM 10 REGISTRATION Statement with the SEC, allowing for potential full reporting status.

How much revenue did WSRC report for the third quarter of 2021?

WSRC reported revenues of $1.2 million for the third quarter of 2021.

What are the potential benefits of WSRC's SEC filing?

The filing could enable WSRC to attract more broker dealers, increase market awareness, and provide opportunities for stock uplisting.

What are WSRC's primary areas of focus for revenue generation?

WSRC focuses on precious metals recovery, water infrastructure for industrial hemp, and helium exploration.

What is the significance of WSRC's total assets?

WSRC's total assets are reported at $50.1 million, indicating a solid financial foundation for future growth.