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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 28, 2021 10:49am
128 Views
Post# 33778231

RE:RE:RE:RE:RE:RE:For centuries a proven strategy has been successful in war

RE:RE:RE:RE:RE:RE:For centuries a proven strategy has been successful in warBiz, prior to 2013 it was upward and onward for this company as milestone after milestone were accomplished. There can be no denying it and every company has internal squabbles but the milestones being met were as promised.

From 2013 to current, you can count the milestones acheived on one hand in the past 8 years, and the very reason so much frustration exists

You jumped all over me several years ago when I mentioned not all shareholders have the same agenda, and that I thought GSFCs agenda was much different than the rest of us.

GSFCs agenda was gaining control of the Wynyard asset at all costs, and after burning through almost $60 million since 2013, mission accomplished leaving approx $2.5 million left in the treasury and majority shareholders sitting on major losses.

The time for problem solving is long past, and we are now in what appears to be survival mode if the upcoming auction is any indication


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