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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

Post by mdjbrownon Jul 03, 2022 9:15am
347 Views
Post# 34797900

Irony at its finest!

Irony at its finest!The absolute irony here biz is in a couple months PADCOMs team will be flowing brine and testing their production wells in hopes of becoming the first ever breakthrough Horizontal Selective Solution mine of its kind in the world, while at the same time previous Karnalyte directors and execs will be answering lawyer’s questions for their part in events that took place in 2018, which directly submarined the chances of the same PADCOM operator building that worlds first selective solution potash mine in Wynyard instead of 4 years later in Manitoba, and as a direct result has since cost shareholders millions of dollars in legal costs fighting those who tried to bring that once in a lifetime opportunity to Karnalyte and its shareholders.


Lots of buzz being generated at the exciting possibilities, and it could just as easily have been Karnalytes shareholders along for the ride on that exciting journey.

https://ca.movies.yahoo.com/movies/excitement-grows-over-potash-mine-195351413.html

50% of the board at that time were ready to enjoy the ride creating value for the rest of us, so what happened?

I guess we will all find that out very soon in a couple months time.................


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