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 uahubon Aug 30, 2016 11:37am

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Post# 25191243

RE:RE:Potash Corp and Agrium to Merge

Anybody want to share their opinion on the globle impact of the potash price? or the impact to KRN?
While POT is still halt, most potash related companies, including producer and buyers like GSFC are propably having their own meeting reacting to the news. Market will be redefined, may be not as big impact as the BPC news in 2013, but clearly companies cannot sustain the 300$ price any more. They have to do something, one way or the other.
GSFC's strategy may have to change completely from now on.

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This junior mining stock offers billions in market exposure