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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 Jul 05, 2022 9:39am
224 Views
Post# 34801424

RE:RE:RE:RE:Irony at its finest!

RE:RE:RE:RE:Irony at its finest!bk, it will be very interesting to see what happens if the shareprice drops well below the Rights subsciption price, as there is still another 3 weeks before the offering expires and no rush for shareholders to pull the trigger.

The Rights currently cant trade any lower, and with the markets trending downwards across both sides of the border including most potash companies, it may put pressure on the possibilities of filling the treasury, as I dont know anyone who buys shares knowing they are immediately in red once they execute the purchase.

Stay tuned, as the world is getting crazier by the day ..............


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