Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Chemicals Consumer Cyclical Chemicals Advertising Agencies

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

Karnalyte Resources Inc

Bullboard Posts

Comment by businessenseon Jun 20, 2013 3:17pm

130 Views

Post# 21549708

RE: RE: Stock Holders Meeting

Simple reality is that the they have yet to complete financing. Hiring a company to obtain financing contingent on the equity available does not answer the long awaited question as to where this money is coming from?

Bullboard Posts

Abcourt Mines launches Flordin property drill campaign