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.

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Karnalyte Resources Inc

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Comment by Cacheitupon Jun 05, 2013 10:19am

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Post# 21486581

RE: Was GSFC too eager to ink pact with Canadian f

The latest news from 2 months ago! Is this the Wpx board?

Here Are my highlights.

Vishvesh D Nanavaty, general manager (Finance), GSFC, who has been appointed director on the Karnalyte board says, "We didn't feel the need for global competitive bidding or having a consortium. However, we have done due diligence in selecting the company before investing."

"Very few companies are entering greenfield potash mining in the next few years. Karnalyte will be the first, and will start production in the next two years while others will take a long time," said Nanavaty.

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