Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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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 > Comments on news release

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Comment by AriW16oon Jun 27, 2021 1:20am

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Post# 33457141

RE:RE:RE:RE:Comments on news release

Hmm... they want to save costs but in the same time they increase the BoD numbers, this I really don't get it.
So selling assets (not essential to Potash project) to pay current and new directors???

Normally in a good running company, directors salary will be cut, no bonus (stock option) when no target achieved or company in big problem.

GSFC 100% in control, yeah don't forget the stupid guys who gave such control to them.

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