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

Bullboard Posts

Comment by businessenseon Feb 12, 2016 11:27am

177 Views

Post# 24552549

RE:RE:RE:RE:RE:GSFC Board

Fair enough but do note that:

GSFC has invested in KRN versus Encanto that only has a MOU.
KRN have a Feasibility Study completed.
They are able to start construction in a month.
They have been in negotiations for the last 8 months and have a fully negotiated agreement in place awaiting board approval.
An impromptu meeting was requested last week to review.
Scalable in phases minimizes cost and risks.

Considering that we know the goverment has reduced subsidies for potash, not sure anyone knows what they are thinking and why. GSFC's Board decision may certainly provide some insight in this.