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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

Post by highflyer57on Aug 25, 2022 3:15pm
378 Views
Post# 34920606

Is there a chance

Is there a chanceThe National Post reports in its Thursday edition that potash has become "geopolitically essential" internationally after Russia's unprovoked invasion of Ukraine, Finance Minister Chrystia Freeland said Wednesday. The Post's Anja Karadeglija writes that Ms. Freeland said: "Farmers around the world depend on our potash and that means that millions and millions of people depend on the work that is being done here. At a time when Russia and Belarus are quite rightly being shut out of the global economy because of Vladimir Putin's barbaric invasion of Ukraine, the work being done here is more important than ever." Ms. Freeland said she gets "asked at international meetings about Canada and our ability to supply some of the strategic resources that the world no longer wants to buy from Russia." Canadian potash, which is used as fertilizer, has increased in demand both because countries are more reluctant to buy the product from Russia and Belarus, but also because Russia's war in Ukraine has provoked a global food supply crisis. The United Nations has warned of "an unprecedented wave of hunger and destitution" caused by Russian aggression. Saskatchewan accounts for about 30 per cent of global potash production.
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