Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 mdjbrownon Mar 31, 2022 7:11pm
209 Views
Post# 34565052

RE:Annual results are out

RE:Annual results are outDont be too hard on GSFC patos.
 
Back in February 2018, a GSFC Memorandum written to Karnalyte agreed in principle to allocating $2 million to the nitrogen start up, to furthering discussions regarding financing the Wynyard Project, and green lighting a selective solution mining project, all to create shareholder value.  The dilution attached was minimal.

Shareholders interested will be able to view this document once it becomes public information through court docs

Those responsible for putting the brakes on GSFCs intentions and instead decided to go after shareholders back in 2018 will also become common knowledge, as it is every shareholders right to know who was looking out for their best interests, so stay tuned.

Should be an interesting summer
<< Previous
Bullboard Posts
Next >>