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 TimTimTimon Dec 15, 2016 12:58pm

230 Views

Post# 25605252

RE:RE:RE:Concerned Shareholder

Gettrdone, I think most of us that have been here for a few years realize that GSFC will NEVER be capable of funding the mine. It is the opinion of many that they took their shot at getting the company for nothing when they ousted Robin a few years back. We must look beyond GSFC moving forward, provided that they don't obstruct moving forward by virtue of certain covenants that may or not be in place.

Bullboard Posts

Dollar Tree CEO Rick Dreiling steps down as discount retailer struggles