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 > Who is buying?

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Comment by mdjbrownon Dec 30, 2021 1:13pm

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Post# 34271369

RE:RE:RE:RE:Who is buying?

Problem being T33, the founder who originally started this company based on the magnesium potential is sitting at home with I assume an ongoing 3 year old lawsuit on his desk compliments of previous individuals at Krn.

Might be time for the current board to entertain the thought of reaching out to Mr Phinney in an effort to press the reset button in the best interests of the company, as he clearly understands the value in the magnesium and how best to coax it from the ground.

GSFC has already clearly indicated they are interested in only the potash, so there should be no ties to the magnesium as far as GSFC is concerned.

Time to put down the swords.

That would certainly peak interest in this little multi mineral company.

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