Business
Karnalyte Resources Inc. Announces 2018 Year End Results and Provides Corporate Update
Karnalyte Resources Inc. Announces 2018 Year End Results and Provides Corporate Update ...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n\n\n\n\nKarnalyte Resources Inc. Announces 2018 Year End Results and Provides Corporate Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.67em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSASKATOON, March 22, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n SASKATOON, March 22, 2019 /CNW/ - Karnalyte Resources Inc. (\"Karnalyte\" or the \"Company\") (TSX: KRN) today announced its financial results and corporate highlights for the financial year ended December 31, 2018.\n\n \n \n\n \nHighlights\nWynyard Potash Project (\"Wynyard Potash\")\nPotash price environment continues to improve, moving Wynyard Potash closer to economic viabilityPhase 1 initial capital cost estimate to be updated during 2019Proteos Nitrogen Project (\"Proteos Nitrogen\")\nProject site land assembly continuingPreliminary environmental permitting work identifiedTechnology provider selection process continuingAgricultural industry partner and offtake arrangements discussions continueCorporate\nActively executing strategic plan to diversify into two fertilizer product lines – potash and nitrogenRights offering provided additional working capital to fund project developmentGujarat State Fertilizer and Chemicals Limited's (\...