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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Comment by businessenseon Nov 06, 2015 6:06am

132 Views

Post# 24265169

RE:RE:RE:any response from KRN

Mdj - Every time I read this article, I see something that doesn't seem to make sense.

"GSFC, earlier, has acquired 20% stake in the company for CAD $ 60 million. Karnalyte’s President Robin Phinney has 15% stake in the company, which is considered to be offered to GSFC."

Not something I would expect Robin doing.

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