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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

Comment by oldsalt72on Oct 11, 2024 10:03pm
129 Views
Post# 36263587

RE:Magnesium

RE:MagnesiumThere is a market for magnesium chloride brines for ice control in winter and dust control in summer. It would be so easy to do this at Wynyard for minimal amounts of capital out of the existing wells. Just add water to the wells, and fill the tanks. Profitable for regional supply since transportation from the US is a big part of the local cost. Good money in it, not like potash, but would certainly pay the bills. Could be a first step to potash. 
Magnesium chloride is not in short supply for metal. The other products Karnalyte has been talking about are pretty speculative.
Time to do something.
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