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 > BHP full steam ahead by the looks of it

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Comment by mdjbrownon Jul 23, 2022 10:05pm

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Post# 34845937

RE:RE:RE:RE:BHP full steam ahead by the looks of it

snb458, it will be very interesting to hear the total funding the corporation raises through the Rights
Offering. That will dictate a lot, as I assume the Tech Report update and consulting fees still need to be paid for which cant be cheap.

With Q2 financials due out in a couple weeks, that should give shareholders a glimpse into the direction anticipated in Q3 and Q4

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