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 > Annual Meeting

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Comment by mdjbrownon Jun 24, 2022 1:47pm

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Post# 34780844

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

Huge difference between reality and whining T33, and you have been closer to the realty line, in your comments.

Reality is, regardless of persuing the KCl or the Mag, hundreds of millions are required to get there, and it would appear there was difficulty in raising $5 million in the open market, so shareholders are being asked to help out.

The Offering subscription deadline date will be a very interesting day, as if the last R/O is any indication, very few shareholders not named insiders participated and I dont see GSFC throwing $5 million into this.

Anyone paying attention to the BRICS Alliance will see China, India, and Brazil holding hands with Putin, which should send a chill down your back, as you can guarantee the three biggest global importers of potash are hashing out back door deals for discounted potash and there is not a thing the Western world can do about it

Take those 3 global importers out of the equation and it paints an interesting picture

Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Jair Bolsonaro, India's Prime Minister Narendra Modi and South African President Cyril Ramaphosa pose during a BRICS meeting held during a G20 summit in Osaka in June 2019.