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 > For centuries a proven strategy has been successful in war

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Comment by businessenseon Aug 22, 2021 9:18pm

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Post# 33746849

RE:RE:RE:For centuries a proven strategy has been successful in war

Interesting comment considering the initial deal with KRN was for them to raise funding. Never happened as the market and valuation kept going south amid a lot of internal disfunction.

Whether they can even salvage the company given the fall in the market and multiple blunders of past KRN's mismanagment and ongoing litigation will be this companies own undoing.

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Thesis Gold makes high-grade discovery at Ring Zone