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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

Comment by mdjbrownon Aug 07, 2020 8:51pm
218 Views
Post# 31381703

RE:RE:What is really going on?

RE:RE:What is really going on?Amen TRU!

Would be great if we could get more answers from the company though, as another layer has been added to this already murky mystery.

If Mr Rowan consulted for Karnalyte until the end of the second quarter or approx June 30, 2020, why would the csg launch their attack on management / directors a week or so later on July 9, 2020 calling out all those involved in Krn.  

It could be assumed he was paid $10K / month from Jan 2020 through June 2020 based on the $66K reported as paid out by Krn.           Something really stinks here!

Also, not sure if anyone else caught this in the Q2 financials 

"During the second quarter of 2020, the Company focused on the completion of the pre-feasibility study for the Proteos Nitrogen Project, on the engagement of a strategic consultant and on preparation for well workover development at its Wynyard Potash Project."


What is the well work over development all about, and what well is being worked over?





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