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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

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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 > summary of lawsuits
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Comment by patospoweron Apr 04, 2022 1:41pm
128 Views
Post# 34573779

RE:RE:RE:RE:RE:summary of lawsuits

RE:RE:RE:RE:RE:summary of lawsuitsHi Dan,

I think he meant GSFC is doing better overall now, not just their investment in KRN. Either way both are true but GSFC doesn't want to make the financial investment in Wynyard, at least not outright - if I recall correctly they used their contacts with Indian financial institutions for the previously proposed package, and their only commitment towards the financing was as a backstop for the equity component, where they would buy up any shares left unsold.

There is absolutely no reason for GSFC to be gun shy right now. They don't want to build when the price is low, they don't want to build when the price is high, when are they going to build? What are they here for? Why get involved in the first place?
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