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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 24, 2022 12:15pm
155 Views
Post# 34780569

RE:RE:RE:RE:RE:RE:Annual Meeting

RE:RE:RE:RE:RE:RE:Annual Meetingbk, it is impossible to move forward if heavy baggage from the past is still holding you back.

The mag project still requires a gas line that will take 2 years to build and tens of millions of dollars that the corporation doesnt have

My understanding was the corporation / GSFC was lobbying to the Saskatchewan government to help with those infrastucture requirements, but with all the events related to the 2018 AGM, the Saskatchewan Premeir and the FCAA were bombarded with hundreds of complaints by angry shareholders, so were does that put those necessary requirements in the que of importance on the provincial regulators list.

Without an upgraded natural gas feed to the facility site, there is no mine   It is as simple as that

It would also be interesting to hear from the folks at Wynyard as they must feel like they are on the end of a yoyo



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