STEAMBOAT SPRINGS, Colo., May 10, 2021 (GLOBE NEWSWIRE) — WESTERN SIERRA RESOURCE CORPORATION (“WSRC” or the “Company”) (OTC: WSRC) publicizes buy of a key business/industrial actual property property for the graduation 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 would be the web site of the HAIZ manufacturing facility which can initially be targeted on hemp-based constructing supplies utilized for growth of the preliminary Planned Unit Development of “green” and “affordable” houses within the space – a part of its “Master Plan” to draw and showcase Industrial Hemp and associated inexperienced/carbon neutral-negative constructing applied sciences to the World.
With the signing of the contract to buy this property, the Company intends to shut this transaction on or earlier than June 15, 2021. Final phrases of this transaction shall be launched on closing.
Acquisition of this property will pave the best way for the Company to finish a hemp cultivation license for the present rising season. Approximately 30 acres of the property is scheduled for the preliminary hemp cultivation take a look at and demonstration web site this yr. The crucial hemp seed has been sourced and the Company anticipates a rising trial of as much as 5 totally different strains on the acreage to determine the perfect performing hemp pressure for the precise local weather and soil chemistry within the area to maximise product high quality and certification for constructing supplies necessities.
The Colorado HAIZ is an thrilling alternative to implement the imaginative and prescient of constructing a complete “green” and “sustainable” and restorative group in Northwest Colorado using and showcasing hemp-based constructing supplies and as many inexperienced economic system applied sciences as potential, to draw and assist inexperienced group stakeholders, and Government and trade assist and partnerships.
Founded in 1907, Western Sierra Resource Corporation (a Utah company), has traditionally been a gold and silver mining firm which continues to personal a number of historic treasured metallic reserves in Arizona. In 2014 the Company broadened its imaginative and prescient to incorporate pure (and renewable) sources with its acquisition of water rights and related infrastructure belongings in Colorado appropriate for myriad “beneficial use” initiatives. These initiatives embody, however will not be restricted to, agricultural manufacturing; inexpensive housing; growth of “green” power and power conservation applied sciences; actual property growth; recreation; inventory watering; greenhouse manufacturing; open area upkeep; and wildlife habitat.
The Company, having closed its Definitive Agreement with Global Hemp Group, Inc. (as introduced May 4, 2021) will endeavor to work with GHG to speed up not solely the Northern Colorado “HAIZ” venture but in addition growth and enlargement of “green” power financial savings expertise by Mystere Power Group (MPG); Helium growth; and gold and silver mining alternatives in Nevada and Arizona.
Colorado Hemp Agro-Industrial Zone (HAIZ) venture. The HAIZ would be the epicentre of a futuristic “Sustainable/Renewable and Regenerative City model the Company intends to “brand” and duplicate sharing this mannequin with the World. To assist and innovate the HAIZ additional, Global Hemp Group has established a Research and Development Division to actively pursue the event of Intellectual Property that may be patented for implementation domestically and for partnerships Globally. The Division is led by Prof. Víctor M. Castaño, Ph.D. from the National Autonomous University of Mexico, a extremely acknowledged chief in areas of utilized science and expertise. The R&D workforce brings an incredible wealth of data and expertise in a number of disciplines and can initially give attention to growth of Environmentally-Friendly Construction Materials, Nanofertilizers and Enhanced Extraction from Hemp.
Forward Looking Statements:
This launch consists of “forward-looking statements” throughout the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements embody any which will predict, forecast, point out, or indicate future outcomes, efficiency or achievements, and will include the phrases “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or comparable phrases or expressions. Such statements will not be ensures of future efficiency and are topic to dangers and uncertainties that might trigger the corporate’s precise outcomes and monetary place to vary materially from these in such statements, which contain dangers and uncertainties, together with these referring to the Company’s potential to develop. Actual outcomes could differ materially from these predicted and any reported shouldn’t be thought-about a sign of future efficiency. Potential dangers and uncertainties embody the Company’s working historical past and sources, along with all traditional and customary financial, aggressive, and fairness market situations / dangers.
Western Sierra Resource Corp