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

Karnalyte Resources Inc

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Post by JR__Ewingon Nov 04, 2013 9:24am

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Post# 21873493

Expect a rally today

K+S climbed 6.6 percent to 20.47 euros as HSBC Holdings Plc upgraded the shares to neutral from underweight, while Commerzbank AG raised its rating to hold from reduce. Commerzbank increased its estimate for potash prices to $330 per tonne from $300 a tonne, and said K+S could announce plans to cut as much as 200 million euros in costs when it reports quarterly results on Nov. 14.

https://www.bloomberg.com/news/2013-11-04/german-stocks-rise-after-four-week-rally-as-fuchs-gains.html

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