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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

Comment by TradeTraceron May 17, 2021 2:20am
159 Views
Post# 33212476

RE:RE:1st qtr results

RE:RE:1st qtr results
With potash, urea, ammonia and nitrogen at sky high prices I like to see the language in the release stating: The Company has been in contact with multiple potential partners for the Wynyard Potash Project. The Company has also been in contact with several potential partners for the Proteos Nitrogen Project. Discussions with these potential partners are ongoing. Management expects to provide an update as to these discussions and the conclusions of the strategic review in the coming weeks. I know there's been similar language before, but at least nowadays the price of fertilizer can't be an excuse There's also word on a Moroccan plant being set up as well as one from BHP looking to start construction so we'll see what comes these coming weeks
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