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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

Bullboard Posts
Comment by businessenseon Feb 20, 2015 3:42pm
175 Views
Post# 23449496

RE:I can't hear you

RE:I can't hear youI knew going back to a year earlier and why he was not moving to Saskatoon. Raising money is necessarily the CFO's responsibility and anything of such magnitude and the one most important issue to be sorted out. They even hired BMO to assist and did nothing. He went abroad and the Peribas deal falls short. He had 15 months to do something and could only come-up with a a half baked pilot plant. So your other major shareholder is trying to sort it out and yes very few details have been publicized for the usual reasons. That's it. Take it or leave it, but I'm done. I guess we will see what happens.
Bullboard Posts