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 > From the MercoPress

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Comment by mdjbrownon Jul 08, 2022 12:54am

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Post# 34810307

RE:RE:From the MercoPress

bk, makes you wonder if these Rights are available to short, and someone is capitalizing on a .06 cent to .01 cent free for all.

Not sure it would make sense to sell shares to buy over priced warrants, as these warrants expire in 3 weeks and each warrant still has to be exersized at .35 cents prior to that date, or they are worth nothing.

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