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

Comment by businessenseon May 03, 2019 5:01am

156 Views

Post# 29704969

RE:RE:RE:RE:RE:Proxy Voting Annual and Special Meeting

Wow, given all the money wasted because of poor management, I trust that the remaining 62% have more sense than that.

One positive element going forward is that potash prices finally jumped $25pmt in March. With executive options being more reasonably priced and the overall presentation that is far superior, there is no question in my mind who has wasted or continues to waste shareholder money with frivolous claims and multiple errors.

I am hopefull this will soon be behind us with real tangible solutions going forward. Many past alternate proposals such as the magnesium have proven to be nothing more than a con job.

For one, I look forward to the outcome of the vote and meeting.

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions