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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
Post by TimTimTimon Jul 26, 2017 8:35pm
219 Views
Post# 26514134

One announcement away

One announcement awayHighflyer, in my opinion it is not possible to be "one announcement away" from a game changer. I believe many have lost site of the fact that NO-ONE, no company, bank or institution will EVER loan money to build a mine without proof that the technology to achieve the required brine concentration is possible. From what I understand, the "one hole" cavern for "proof of concept" was an abysmal failure. Unfortunately, without a proper "production well" installed to prove the appropriate brine concentration is possible, KRN will languish and fade away. I believe it is time to #%&*@ or get off the pot, we need to find out if a mine is ever going to be feasible. If not, then we can all move on from this. I can see no value with the remaining capital other than drilling a new well. The keystone cops are gone, we should be able to now have competent technical people get onboard to get this done!
Bullboard Posts