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.

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Karnalyte Resources Inc

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Comment by IXL1969on Aug 02, 2016 11:56am

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Post# 25102637

RE:A blessing in disguise

It is what it is. Need to get GSFC positions on board down. They own less then 25%, can't have 50% control. This is the first step.

I am sure from conversations with Robin at last year AGM, he didn't trust GSFC, and he had to know there was potential for deal to fall apart. I am sure he and his team negotiated hard, and in the interest of al shareholders wouldn't agree to deal that left the other 75% at risk.

So what is the back up plan?? I am sure there is one.

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