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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Chemicals Consumer Cyclical Advertising Agencies Basic Materials
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
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(1)
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Post by rythmanon May 13, 2014 6:41pm
290 Views
Post# 22557678

So thats the news?

So thats the news?
Out with the old CEO in with the new short term CEO. Looks like we are trying to make a run in the playoffs. Possible change of corporate direction? It feels like they are ready to spend money to make money, in what magnesium? I don't think the market will react to this positively. rythman
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities