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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

Bullboard Posts
Comment by winspear1on Oct 17, 2016 2:06pm
178 Views
Post# 25352156

RE:RE:RE:RE:RE:Legal Battles

RE:RE:RE:RE:RE:Legal Battles
MissingA9 wrote:
I don't understand all of the details here but I don't understand why KRN does not come to the table and engage the Braich group if this group is still interested.  KRN needs funding and Braich wants to fund the company to take it into production.  What is the problem here?  The share price would be at 5 bucks if we could ink a deal.  I think shareholders would benefit from more transparency here. I guess at the end of the day, regardless of what happens, the fact that there is interest in the company suggests that the project is not worthless as the previous management seemingly tried to suggest by writing it down.  JMHO


I for one think Braich is a great man and would be an enormous asset going forward

for KRN and its shareholders.

GLTA

Bullboard Posts