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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 mdjbrownon May 12, 2022 11:41pm
275 Views
Post# 34680294

Anyone??????

Anyone??????How is it possible to recover $209,000 as income on a decommissioning liability due in 2038.


Other income:

"for the three month period ended March 31, 2022 were $217,000 compared to $190,000 in the 2021 comparative period. While there is some rental income in this category from leasing the Company’s land holdings to local Wynyard area farmers, the majority relates to a $209,000 recovery recorded as a result of a change in estimate of the Company’s decommissioning liability, as compared to the $178,000 recovery recorded in the first quarter of 2021."
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