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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 Jan 26, 2022 11:20am
257 Views
Post# 34362344

RE:Karnalyte hires Wood for NI 43-101 report update

RE:Karnalyte hires Wood for NI 43-101 report updateWe're at the peak of the potash boom and Karnalyte is only now updating their technical report. This would have been positive news over a year ago, but everything points to us missing the boat again. The only redeeming part of this is if we were actually in talks with potential investor(s) and updating the TR was requested by them. Given that there are no specific news pointing to this, one can only assume KRN's just window dressing again.

Again, I don't want to be a debbie downer, but in the past 5+ years there hasn't been a single positive piece of news. And there hasn't been just no news either, everything has been bad news after bad news. The trend is entrenched and it will take a lot more to inspire investor confidence.
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