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 > Clear message from shareholders not named GSFC

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Post by mdjbrownon Jun 30, 2021 10:34pm

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Post# 33478173

Clear message from shareholders not named GSFC

Karnalyte Resources currently has 42,174,847 shares outstanding.

GSFC controls control’s approx 16.4 million shares

Approx shares voted for GSFC reps 16.7 million shares at this years AGM.

If that is not a clear message from the majority shareholders to GSFC, I don’t know what is!

I am a little surprised at the number of Withheld votes as I would have thought Mr. Phinney / his supporters along with the CSG members would represent closer to 9 million or more shares.

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