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 > GSFC to invest in rights issue of Karnalyte Resources Inc

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Comment by mdjbrownon Jul 29, 2022 10:27pm

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Post# 34861739

RE:RE:GSFC to invest in rights issue of Karnalyte Resources Inc

bk, keeping on top of GSFC docs is very useful as it is highly unlikely Krn will doing anything with out GSFCs blessing considering their contol of the corporation.

Should be more than 50% after the closing announcement on August 10th

Approx 57 million shares outstanding after the Subscription if fully excersized, and GSFC may hold as many as 29 million of those shares

Quite an upgrade from the 6 million shares they held in November 2018

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