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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 businessenseon Jul 01, 2021 10:24am
204 Views
Post# 33478960

RE:RE:Clear message from shareholders not named GSFC

RE:RE:Clear message from shareholders not named GSFCFor what may well be an extremely complicated endeavour, the rhetoric certainly continues with little progress.

Admittedly, the only vested parties are GSFC and the remaining Phinney advocates who withheld their vote, the balance of the shareholders who are along for the ride are indifferent.
What will the lawsuits like so many other resolve? Nothing more just unnecessary expenses.

On the Nitrogen question that has been championed for a few years and whether GSFC does not want to invest or be the sole operator, my recollection is that the proposed change in the name was related.

As for standard potash pricing f.o.b. Vancouver, Mundi certainly has been stuck at $202.50 for a while.

There is plenty of blame to go around and not what is going to solve anything with…. Just a lot of opportunists who have all waked away with big payouts on the management side over the course of the company’s existence.

It boils down to a simple exercise? Who, if anyone will jump in to move any of the projects forward? If no one and regardless they need to divest or change exchange will keep going in circles on the notion of great returns on an incredibly complicated an astronomically expensive transaction.

Happy Canada Day!

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