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 businessenseon Oct 23, 2015 7:02am

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Post# 24219509

Real News - GSFC Plans to

Not pictures of someone who forgot to tighten the bolts on her back wheel of her golf cart with a new poster every day at 3:00 am claiming one thing after another. Must be a thing in India to try and scam people.......

Waiting 8 years to start repayment of the debt is a concern unless due to assistance from the government or a miss-quoted statement.

It will be interesting how this unfolds as there are others who are still looking at the company and will this latest statement out of India require a new press release.

https://www.thehindubusinessline.com/companies/gsfc-plans-to-take-management-control-of-canadian-potash-miner-karnalyte/article7796550.ece

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