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.

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Karnalyte Resources Inc

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Comment by businessenseon Aug 04, 2016 11:58am

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Post# 25110253

RE:RE:RE:RE:Gsfc confirms cessation of negotiation

More like they aren’t going anywhere.

Hate seeing people wanting to do a review that they could have been doing during the last year given that I am suspecting the 43-101 probably didn’t satisfy the creditor. How well the project and costs are managed is certainly critical.

Anyhow, it will be interesting to see what will occur at the AGM and how this will play out.

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