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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 mdjbrownon Sep 02, 2021 9:09am
198 Views
Post# 33799941

RE:RE:RE:RE:Independent Investigation

RE:RE:RE:RE:Independent InvestigationT33, litigation has certainly taken a massive bite out of the treasury and will continue to do so until all the outstanding lawsuits are dealt with. Sadly there still could be 5 or 6 on the books that need to come to some sort of conclusion..

My bigger concern though, is the possibility of a much larger coordinated shoe dropping against GSFC regarding many allegations surfacing, and does Karnalyte cover those legal costs as well?


On another note, a big thank you goes out to the folks that built a website allowing shareholders a glimpse into the challenges faced in recent years within the confines of Karnalyte.

As pp pointed out, jumping through the courts hoops to obtain documents can be difficult, but the Originating Application and Affidavits made public certainly paint a clear picture.

It would be very helpful if updates could be provided on this site as well, considering the recent additions to the board

Thanks for sharing




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