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 > Nothing like a national news story to turn the heat up

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Comment by fishtruthon May 03, 2022 3:10pm

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

I am not registered with SEDI. I have worked in the metal mining indusrty for 45 years. From my experience with BOD's most keep their independance by not holding any shares. If the KRN BOD members hold shares it just adds to the conflict of interest. Not much any company can do with $2.4 million when it comes to property work other than pay holding costs, and salaries.

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