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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 Apr 04, 2022 2:29pm
120 Views
Post# 34573966

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

RE:RE:RE:RE:RE:RE:summary of lawsuitsAgree patos, and yes GSFC and every other fertilizer related companies share price has done quite well in the past few months.

I dont think it is any secret that in early 2010's countries such as India and China were looking to lock up safe sources of potash in a stable political environment, as GSFC was looking at other Saskatchewan juniors as well but decided to invest in Karnalyte. China invested in several juniors as well.

You are 100% correct as I believe SBI fronted the $45 million for the initial investment, and were paid back by GSFC over a period of 5 or 6 years if I recall. Their repayment schedule is publicy available in GSFC's previous annual reports.

To answer your question bluntly of why get involved at all? 

Potash security for India for decades to come  

Likely why GSFC also signed a 50,000 ton SOP offtake with Potash Ridge in 2018
 

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