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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 highflyer57on Aug 25, 2022 3:15pm
420 Views
Post# 34920606

Is there a chance

Is there a chanceThe National Post reports in its Thursday edition that potash has become "geopolitically essential" internationally after Russia's unprovoked invasion of Ukraine, Finance Minister Chrystia Freeland said Wednesday. The Post's Anja Karadeglija writes that Ms. Freeland said: "Farmers around the world depend on our potash and that means that millions and millions of people depend on the work that is being done here. At a time when Russia and Belarus are quite rightly being shut out of the global economy because of Vladimir Putin's barbaric invasion of Ukraine, the work being done here is more important than ever." Ms. Freeland said she gets "asked at international meetings about Canada and our ability to supply some of the strategic resources that the world no longer wants to buy from Russia." Canadian potash, which is used as fertilizer, has increased in demand both because countries are more reluctant to buy the product from Russia and Belarus, but also because Russia's war in Ukraine has provoked a global food supply crisis. The United Nations has warned of "an unprecedented wave of hunger and destitution" caused by Russian aggression. Saskatchewan accounts for about 30 per cent of global potash production.
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