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.

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 fishtruthon May 02, 2022 11:23am
202 Views
Post# 34647619

RE:RE:Nothing like a national news story to turn the heat up

RE:RE:Nothing like a national news story to turn the heat upOk I have read the OFF Take Agreement again. I focused on the termination clause. Seems both GSFC and Karnalyte after the 2 year to start of production period lapsed, their memory of the agreement did not persist. as far a terminating it for non delivery of product. It would take a better legal mind than mine to  determine if this contract is still in good standing. I can only go by what was posted to SEDAR, so there may have been termination letters exchanged but only an insider would know. As everyone knows KRN when through a rapid change in management during this time Phinney replaced by Rowan and Rowan replaced by Wheatley. 
<< Previous
Bullboard Posts
Next >>