Brief: Karnalyte Resources Announces 2019 Year End Results And Provides Corporate Update

Karnalyte Resources

23/03/2020 17:25

March 23 (Reuters) - Karnalyte Resources Inc  KRN.TO :
    * KARNALYTE RESOURCES - UNCERTAINTY AROUND IMPACT OF
CORONAVIRUS
PANDEMIC ON ECONOMY AND CAPITAL MARKETS HAS DEEPENED COMPANY'S
SENSE OF CAUTION
    * KARNALYTE RESOURCES - CONTINUES TO MOVE TOWARDS WYNYARD
POTASH
PROJECT DEVELOPMENT, CONCLUDE PRELIMINARY INVESTIGATION OF
VIABILITY OF PROTEOS NITROGEN PROJECT
    * KARNALYTE RESOURCES INC - AT DECEMBER 31, 2019, CO HAD
CASH OF
$7.5 MILLION, A POSITIVE WORKING CAPITAL OF $7.2 MILLION, AND NO
DEBT
    * KARNALYTE RESOURCES INC -  COMPANY HAS SUFFICIENT CASH TO
MEET
SHORT TERM OPERATING AND CAPITAL REQUIREMENTS
    * KARNALYTE RESOURCES - FOR WYNYARD POTASH PROJECT, PLANS TO
CONTINUE TO OPTIMIZE PROJECT COSTS
    * KARNALYTE RESOURCES INC - FOR PROTEOS NITROGEN PROJECT,
COMPANY
PLANS TO COMPLETE PRE-FEASIBILITY STUDY FOR PROJECT
    * KARNALYTE RESOURCES INC. ANNOUNCES 2019 YEAR END RESULTS
AND
PROVIDES CORPORATE UPDATE

Source text:  urn:newsml:reuters.com:*:nCNWDg6DSa
Further company coverage:  KRN.TO 

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