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 > MDA and annual report published on SEDAR

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Post by howlongon Mar 25, 2024 7:48pm

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Post# 35951896

MDA and annual report published on SEDAR

Looks like the MDA is calling for a few changes:
In 2023, the Company plans to complete the update to its NI 43-101 technical report, to continue to work on identifying cost efficiencies, optimizing construction and operation plans, and enhancing project sustainability, and to increase business development activities to seek out and attract investment and strategic partners to move one or both Company’s projects forward to development.

and also: In Feb 2024 the company retained IR Labs....

When I checked the IR Labs web site there is no mention of KRN being a client.

Howlong

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Two micro-cap stocks with strong fundamentals