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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 Sep 02, 2021 9:09am
177 Views
Post# 33799941

RE:RE:RE:RE:Independent Investigation

RE:RE:RE:RE:Independent InvestigationT33, litigation has certainly taken a massive bite out of the treasury and will continue to do so until all the outstanding lawsuits are dealt with. Sadly there still could be 5 or 6 on the books that need to come to some sort of conclusion..

My bigger concern though, is the possibility of a much larger coordinated shoe dropping against GSFC regarding many allegations surfacing, and does Karnalyte cover those legal costs as well?


On another note, a big thank you goes out to the folks that built a website allowing shareholders a glimpse into the challenges faced in recent years within the confines of Karnalyte.

As pp pointed out, jumping through the courts hoops to obtain documents can be difficult, but the Originating Application and Affidavits made public certainly paint a clear picture.

It would be very helpful if updates could be provided on this site as well, considering the recent additions to the board

Thanks for sharing




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