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 > Annual results are out

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Post by patospoweron Mar 30, 2022 5:28pm

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Post# 34560687

Annual results are out

And it is pure TRASH.

STILL not in discussion with anybody re: financing the project.
STILL "building a marketing plan" just to MAYBE start talking to people one day???
Technical report will not be ready until end of Q2.

As I feared, we'll be missing the boat. 99.5% certainty. At BEST, they'll finally secure financing at the absolute peak potash price and the project will be ready to go live right back at the bottom of the cycle. GSFC clowns are the worst group of useless blowhards I've ever seen.

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