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.

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Karnalyte Resources Inc > Annual Meeting

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Comment by mdjbrownon Jun 24, 2022 1:47pm

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Post# 34780844

RE:RE:RE:RE:RE:RE:RE:Annual Meeting

Huge difference between reality and whining T33, and you have been closer to the realty line, in your comments.

Reality is, regardless of persuing the KCl or the Mag, hundreds of millions are required to get there, and it would appear there was difficulty in raising $5 million in the open market, so shareholders are being asked to help out.

The Offering subscription deadline date will be a very interesting day, as if the last R/O is any indication, very few shareholders not named insiders participated and I dont see GSFC throwing $5 million into this.

Anyone paying attention to the BRICS Alliance will see China, India, and Brazil holding hands with Putin, which should send a chill down your back, as you can guarantee the three biggest global importers of potash are hashing out back door deals for discounted potash and there is not a thing the Western world can do about it

Take those 3 global importers out of the equation and it paints an interesting picture

Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Jair Bolsonaro, India's Prime Minister Narendra Modi and South African President Cyril Ramaphosa pose during a BRICS meeting held during a G20 summit in Osaka in June 2019.