Karnalyte Resources Inc

General information

Karnalyte Resources Inc. is engaged in the business of exploration and development of high quality agricultural and industrial potash and magnesium products. Karnalyte intends to develop and extract a carnallite - sylvite mineral deposit through a known solution mining process at competitive costs and with minimal environmental impact. Using a staged approached to potash plant construction, the Company plans to operate a solution mining facility that will initially produce 625,000 tonnes of potash per year, increasing to 2.125 million tonnes of potash per year. Karnalyte owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA-010 located near Wynyard, Saskatchewan, comprising a total of 85,126 acres. Karnalyte is listed on the Toronto Stock Exchange under the symbol “KRN”.

Karnalyte Resources is uniquely positioned to achieve these objectives due to:

- strong potash industry fundamentals;
- a significant potash resource with existing infrastructure;
- low capital expenditures and operating costs;
- near-term production of 625,000 tonnes per year, with plans to expand to 2.125 million tonnes per year; and
- an opportunity for expansion of both production and resource base.

Karnalyte Resources became a publicly traded company on December 14, 2010 and is traded on the Toronto Stock Exchange (TSX) under the symbol KRN.