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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Comment by bigkaganon Mar 30, 2022 6:56pm

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Post# 34560918

RE:RE:RE:Annual results are out

With the market cap at $40 this company is dirt cheap for a construction-ready company. Even with Belarus, the potash supply is limited and needs new sources. Look at uranium - plenty of supply and yet exploration stage companies like FCU, NXE and DML are in the $100's of millions and even $billions range. How is potash worse than uranium?

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