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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 InvestThison May 04, 2018 1:37am
165 Views
Post# 27980927

RE:RE:RE:Now that the Date of Record has come and gone....

RE:RE:RE:Now that the Date of Record has come and gone....
mdjbrown wrote: j777,

Unfortunately, the carnalitte mine cant get built until it is economically feasible to build it.

The magnesium projevt cant start until the potash mine is built, as it relies on the potash mine infrastructure.

Either a more cost effective way of mining is employed, or this company will continue to burn millions of dollars a year waiting on a glorified care and maintenance program as has been the case the past year.

Great for those with their fingers in the treasury, but no so much for the rest of us, as a .38 cent share price is a complete absolute embarrassment heading into the upcoming AGM 5 week from now..


It's time to call mdjbrown for what he is - a shorter. He spends all day soft bashing stocks, almost as though it's his profession... as shady as they come. Shut up already

Bullboard Posts