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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 highflyer57on Aug 04, 2017 8:36pm
227 Views
Post# 26550204

Potash exports drive Thunder Bay port

Potash exports drive Thunder Bay port

Cargo volumes through the Port of Thunder Bay at the halfway mark of the 2017 shipping season are 15 per cent above the 10-year average, especially on grain and potash shipments.

In its August newsletter, the port authority reports grain elevators have shipped about 350,000 tonnes more gain than usual.

 

Potash cargoes are moving at a record pace.

Volumes of the commodity spiked for the fourth straight month, said the port authority, more than the doubling the ten-year average tonnage.

The 87,000 tonnes of potash shipped during the month of July was the highest for that particular month since 1988.

The year-to-date shipments of potash have exceeded annual results for the last four seasons, with over five months to go before the shipping season closes for the winter.

Most potash shipments are heading to destinations in Brazil and Europe.


Bullboard Posts