Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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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 businessenseon Feb 02, 2016 5:31pm

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Post# 24518040

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Day 2

RH - Maybe, to satisfy regulators, but no news today for sure. Would an announcement comme out Friday. I guess it could. Eventually an announcement will have to be made one way or the other. You would hope that on the 23 if nothing has been resolved by then that they will advise if they are still negotiating or not.

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