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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

Post by patospoweron Mar 22, 2022 1:25pm
189 Views
Post# 34534991

Filing deadline for 2021FY is March 31

Filing deadline for 2021FY is March 31I hope some kind of news will be provided then. The FS aren't material but MD&A can be very much so. We need to see some hints of progression beyond just an updated technical report. There has to be seriously interested parties at this point.

Simply declaring that KRN is in serious negotiations with somebody, anybody, would be huge. On the other hand, just continuing to say they're looking at financing options and trying to find a partner would signal we're being played.
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