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 TRUBLVRon Aug 10, 2016 1:40pm

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Post# 25127145

Yancoal - A close neighbour to KRN

This is likely old news, Yancoal is getting closer to development, Southey and Wynyard are not that far apart in geography.

https://thestarphoenix.com/business/local-business/yancoal-potash-mine-near-southey-receives-conditional-environmental-assessment-approval2

KRN needs to get things together, sooner the better, stop the fighting and get the mine built.

The demand for high grade potash and Mg will take care of itself, once out of ground.

I am skeptical on future financing options as this project is viewed as a Potash play with secondary Mg. It will take some convincing to change investors views.

Just my thoughts

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