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 > Smart Money

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Comment by FYFTMIon Jun 24, 2022 6:07pm

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Post# 34781573

RE:RE:Smart Money

Selling rights ofcourse and last chance to be considered for the rights is today.

You can almost bet on some news coming out maybe the updated report to solidify the market cap.

GSFC if subscribed, will greatly average down on their initial investment at I forget, $7.5 a pop? Last RO was peanuts for them, they just wanted more control, which if they don't subscribe this time will be diluted further.

If they do subscribe fully and over-subscribe on the option, they will likely be above 50% this time around.

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