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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

Post by patospoweron Jun 24, 2021 5:56pm
275 Views
Post# 33448385

Comments on news release

Comments on news releaseSo the cat is out of the bag, the reason gsfc pulled the plug on financing is simply because they were too broke all along. I am glad they finally tell us what's up so we stop with the wild theories. This release is mostly very encouraging news, but i have one concern. We have been told for a long time now that we are in discussions with potentially interested parties to finance this deal. It'd be nice to get an actual status update - from the language I assume everything is still preliminary. Structuring a deal that would be favorable to both parties is something that actually should be up Danielle's and her public accountant friends' alley, just have to get a little creative and get in serious talks with interested parties to figure out if there are any specific concerns that can be addressed. Looks like they already have some ideas in mind (royalties etc). Make no mistake we are likely dealing with smart money.
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