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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 patospoweron Aug 15, 2017 10:23pm
419 Views
Post# 26585908

The most important thing right now

The most important thing right nowIs that the company has refocused its energies entirely towards financing phase 1. If you read between the lines of the most recent quarterly MD&A and board presentation, you can deduct that there is a high probability that the company will re-open negotiations with GSFC & indian banks.

It makes sense, since the only thing holding the deal back (at least that was publicly disclosed) is that Robin and crew didn't agree with the governance matters, namely having a GSFC dominant board. This is not a concern for any decision makers in the current reality, and I expect that the original deal will be put through again.


Bullboard Posts