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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

Comment by mdjbrownon Jun 11, 2022 12:10pm
191 Views
Post# 34749303

RE:RE:RE:RE:RE:Kudos to the corporation for webcasting the AGM

RE:RE:RE:RE:RE:Kudos to the corporation for webcasting the AGMbk, not sure what you are expecting in the way of news, but rarely does an updated Technical Report  create mass market hysteria or shareprice increase explosions.

Important to keep in mind this company has 1 employee, a virtual office, several outstanding lawsuits, a treasury that stands at less than a million dollars which is depleting with each quarter, and is controlled both on the ballot and in the boardroom by GSFC

Not to mention touting a mining asset that was written down to salvage value a few years ago, with a methodology that according to the corporation has not been successfully proven economic in Saskatchewan yet, and an operating model that relies heavily on natural gas.

With the costs of rocketing natural gas prices, where does that now put the projects cost per ton on a competitive scale?

2022 is going to be a defining year for shareholders
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