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Karnalyte Resources Inc. Completes Nitrogen Prefeasibility Study
Karnalyte Resources Inc. Completes Nitrogen Prefeasibility Study Canada NewsWire ...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n\n\n\nKarnalyte Resources Inc. Completes Nitrogen Prefeasibility Study\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSASKATOON, SK, July 21, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n SASKATOON, SK, July 21, 2020 /CNW/ - Karnalyte Resources Inc. (\"Karnalyte\" or the \"Company\") (TSX: KRN) announces that it has completed its previously-announced nitrogen prefeasibility study and that it will continue its disciplined consideration of the Proteos Nitrogen Project. The nitrogen prefeasibility study is part of the ongoing strategic planning process of the Board and management in charting the future for the Company.\n\n \n \n \n \n \n \n\n \nWith input from local advisors in Canada, including Wood Canada, the prefeasibility study was initially prepared by Karnalyte's strategic partner and largest investor, Gujarat State Fertilizers and Chemicals Limited (\"GSFC\"), and ultimately updated and completed by Karnalyte. GSFC is India's premier fertilizer and chemical manufacturing company and has over five decades of relevant experience in the production, sale and distribution of nitrogen fertilizer.\nThe prefeasibility study provided a review of key elements of the project, including site location, production process and technology options, process selection for both the ammonia and urea plants, and an analysis of raw material, utility and product specifications. The study also considered the environmental implications and risks inherent in the project, provided financial analysis and laid out a project implementation plan and schedule. While the prefeasibility study is not sufficient to conclusively arrive at a project execution decision, it allows the Company to determine whether the Proteos Nitrogen Project should remain in consideration as part of the Company's future business strategy.\nThe prefeasibility study's key conclusions included:\nthe preliminary economic viability of the Proteos Nitrogen Project, with an internal rate of return and equ...