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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 > Kudos to the corporation for webcasting
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Comment by mdjbrownon Jun 18, 2022 12:42am
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Post# 34766406

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcastingYou got that right T33     The lost opportunity will haunt shareholders forever, and all to chase a nitrogen scheme that had no chance, but ended up costing shareholders dearly..............

Magnesium potential, Carnalitte potential, and the powers that be in 2018 snubbed their nose at the very real potential to be the first sylvite horizontal selective solution miner in Canada, and those willing to build it were going to bring $23 million dollars to pay for the first and second phase to be producing 100,000 tons in 18 months.

Add to that the huge increases in potash prices, and shareholders could have been on center stage

Oh well, I guess now we can always cheer those on who have a much better grasp on reality, than those who kiboshed a glorious shareholder opportunity to realize dreams..............

https://www.canadianminingjournal.com/news/padcom-to-build-manitobas-first-potash-mine-near-russell/



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