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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 stockwatcher248on Apr 13, 2022 3:16pm
264 Views
Post# 34601463

Sask potash

Sask potashanother player with KRN and WRX.....hoping they all succeed .would be great for the province


Gensource Potash Corp. has reached a binding agreement to acquire 100 per cent of the issued and outstanding shares of Innovare Technologies Ltd., a privately held developer of patented selective solution mining and brine processing technology for the recovery of potash and other soluble minerals.

Innovare's technology contributes industry-proven techniques and new, innovative and patented technology that de-risks selective extraction and is expected to lower capital and operating costs for the Tugaske Project and beyond. By bringing this technology in-house, Gensource will control the intellectual property that allows it to implement its strategic business plan, which management of Gensource believes will be the future of potash production.
Innovare Technologies specializes in drilling, solution mining and processing technologies for potash and other soluble mineral mining projects. The three principals of Innovare have a combined over 100 years of industry-specific experience and have successfully developed potash projects in Saskatchewan, including being part of the Potash One Inc. development of its Legacy project, which was purchased by K+S AG and has now been constructed and is in operation as the Bethune mine north of Moose Jaw, Sask.
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