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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 patospoweron Jul 22, 2021 4:16pm
156 Views
Post# 33591408

RE:RE:RE:RE:Did KRN take/answer any questions during the AGM

RE:RE:RE:RE:Did KRN take/answer any questions during the AGM
Most definitely. There is no question to me that partnering with GSFC has been KRN's biggest mistake so far. GSFC is likely too broke to honor the off-take agreement and I would not be surprised if they put sticks in KRN's wheels at the last minute based off that. BUT there comes a point where potash prices are high enough to offset even that. Unfortunately we will miss the boat because gsfc is too broke to finance construction when it should have happened (2017). I don't know if GSFC's conduct is standard practice in India but they really need to learn how things are done in Canada. One doesn't even need to believe any allegations made against them to come to the conclusion that these guys are jokers.
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