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

Bullboard Posts

Comment by TRUBLVRon Aug 26, 2016 10:47am

157 Views

Post# 25180012

RE:Final proof of principle resolved in about a week

Does this actually matter, share price sure doesn't reflect it. I have heard at 6 AGM's that this is not a new process, trust us, unless you are saying the stated info at the AGM's was wrong,

Without financing KRN is going no where, by the way GSFC will still be the largest shareholder in KRN.

I realize the restatement of the asset value gives leverage for financing, it will take significant share dilution to raise cash to obtain the financing.

Just my thoughts

Bullboard Posts

Sirios Resource discovers visible gold in Quebec