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.

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Karnalyte Resources Inc > 1st qtr results

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Comment by patospoweron May 19, 2021 1:29pm

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RE:RE:RE:1st qtr results

The problem is GSFC the "strategic partner" whose sole reason for existence is to finance the deal got wet feet so now we have to look elsewhere (but still suffer their BS). Who would finance this now, a billion dollars at risk for a project run by accountants (no disrespect meant as I am one myself but running a business is not our lane) and controlled by inept foreigners - good luck....

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