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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 Mar 23, 2022 2:50pm
159 Views
Post# 34538672

RE:RE:RE:RE:Updated Feasibility Study

RE:RE:RE:RE:Updated Feasibility StudyI wonder if Danielle ever called up the Saskatchewan Govt directly to see if they had an appetite for financing this project. They've taken multiple actions over the years to try to attract Potash development but all the small players are still struggling to get a deal done, even with prime conditions. Other provinces have invested in companies with worse outlooks (like the Bombardier bailout in Quebec), so it's not exactly a first.

Successfully financing one of the small players could pave the way for the private investment market to put $ in play on other development-ready projects. It feels like everybody's just sitting on the sidelines waiting for the other guy to make the first move.
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