Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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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 businessenseon Aug 06, 2013 2:04pm

170 Views

Post# 21652052

RE:BMO Nesbitt

Well Robin did comment in an article about looking for a 50% partner and for all intent and purpose still optimistic. As much as there is no benefit for KRN to use any capital to buy share, Not knowing where to look who is selling, I have not seen any of the insiders selling either in any insider reports.

It is interesting to note though that BMO is doing most of the selling, since they do most of the finanancing for all the the main Poash producers.

With that, I will leave all of you to draw your own conclusions.

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