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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Post by MissingA9on Oct 06, 2016 2:27pm

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Post# 25318535

New blood in KRN

Furthermore ... Given that Mr. Braich may be back (hopefully) the share price should see a nice rebound to $3 given the details of his offer. I think it is about time we got some outside "new blood" in this company and maybe Mr. Braich will be the one who ultimately gets this project off the ground. I see this as a positive development and hope that the KRN board embraces Mr. Braich's interest.

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