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 IXL1969on Jul 10, 2014 10:19am

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Post# 22732256

RE:Founders/Management are all shamelessly milking this cow

If Phinney received a bunch of stock at $0.01, then maybe he wasn't knifed in the back, just made to look like he was blind sided. At $4.00 or $4.50 sell out, maybe he makes out ok, way better then friends and family. I expect a sell out, the board will walk away with nice chunk of cash for doing nothing. Phinney will get his piece of pie. Indians say they don't want to run a potash company, but do you believe them.

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