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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 18, 2022 12:42am
157 Views
Post# 34766406

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcastingYou got that right T33     The lost opportunity will haunt shareholders forever, and all to chase a nitrogen scheme that had no chance, but ended up costing shareholders dearly..............

Magnesium potential, Carnalitte potential, and the powers that be in 2018 snubbed their nose at the very real potential to be the first sylvite horizontal selective solution miner in Canada, and those willing to build it were going to bring $23 million dollars to pay for the first and second phase to be producing 100,000 tons in 18 months.

Add to that the huge increases in potash prices, and shareholders could have been on center stage

Oh well, I guess now we can always cheer those on who have a much better grasp on reality, than those who kiboshed a glorious shareholder opportunity to realize dreams..............

https://www.canadianminingjournal.com/news/padcom-to-build-manitobas-first-potash-mine-near-russell/



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