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

Karnalyte Resources Inc

Bullboard Posts

Post by TradeTraceron Nov 22, 2018 12:03am

242 Views

Post# 29008304

It all looks good!

I like the upcoming rights offering, and will probably take part, but it does seem a little on the light side?

Adding 50% of the shares for $2.4 million seems like the start of dilution central... what kind of figures does it take to build a nitro plant? Would there be anyone with some comparable numbers?

I would guess 25 acres minimum (closer to civilization) would be $3000/acre in Sask...
Then there is plus costs of permits, land preparation, studies, railway, buildings etc

Or is KRN planning on using the $2.4 million as a down payment per se on some serious financing?

Bullboard Posts

High-quality lithium projects in Argentina with drilling underway