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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite/Sylvinite solution mining project in central Saskatchewan. It has a 100% interest in KLSA 010, KL 247A, and KL 246 mineral leases comprising approximately 367 square kilometers (km2) (90,766 acres) of mineral rights. It also owns around 4,100 acres of surface land. The project is located approximately 190 km east of Saskatoon, SK, or 176 km north of Regina, SK. It is also exploring the development of the Proteos Nitrogen Project. The Proteos Nitrogen Project is an advanced stage development project consisting of a proposed small-scale nitrogen fertilizer plant to be located in Central Saskatchewan.


TSX:KRN - Post by User

Bullboard Posts
Post by MissingA9on Aug 03, 2016 2:53am
313 Views
Post# 25105168

KRN management

KRN management
KRN management has indicated that relationship with GSFC is not toxic and they anticipate revisiting this arrangement when potash prices recover a bit. The current game plan is to develop the Mg assets while waiting for the potash market to turn.  My question however is what will be the source of capex funding for the the Mg plant? I am yet to ask this to management as I wanted to read over the updated technical study before talking with them again. I will certainly be attending the upcoming AGM to get a feel of the relationship between players in this company and to tour as much of the existing plant(s)/infrastructure as I possibly can. If any other shareholders are interested in such a tour perhaps we can arrange something as a group
Bullboard Posts