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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. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.


TSX:KRN - Post by User

Bullboard Posts
Post by neverindoubton Feb 10, 2013 12:32pm
306 Views
Post# 20965071

Two weeks left...

Two weeks left...

The Sakatchewan governement is expected to answer all open queries to the EIS completion within 2 weeks.

With approval, expect all financing announcements to happen in quick order.  The heavy lifting of finding a strategic partner who would settle for a 25% interest was the difficult part.  Robin Phinney stated on more than one occasion that he could have sold everything for $18-20, but he wasn't prepared to do that.

Just on the basis of the decreased number of shorts, everyone seems to be anticipating good news very shortly.

Bullboard Posts