Karnalyte Resources Inc. today announced its financial results and corporate highlights for the third quarter ended September 30, 2024. Q3 2024 43-101 COMPLIANT TECHNICAL REPORT The Company continued to make progress on its NI 43-101 compliant technical report, a key precursor to any mine construction. In the third quarter, this included work on the equipment sourcing initiative that the Company previously announced. In [...]
Karnalyte Resources Inc. today announced it will begin a review of its development strategy to evaluate the economic potential of increasing magnesium chloride production at the Company's Wynyard Project by developing the magnesium assets at the same time as the development of the potash project. "We have initiated preliminary studies to determine the economic opportunity of co-developing magnesium and potash production [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the second quarter ended June 30, 2024. The Company also announced the appointment of Danielle Favreau as permanent Chief Executive Officer and Christie Gradin as permanent Chief Financial Officer of the Company. "We are very pleased to share the news of the permanent appointments of Ms. Favreau and Ms. Gradin," said Sanjeev Varma [...]
/Not for distribution to U.S. news wire services or dissemination in the United States./ Karnalyte Resources Inc. today announced it is pursuing the sale of certain non-essential assets from its Wynyard Project as part of its ongoing efforts to optimize its business operations and advance the project. "The asset sale allows us to advance the focus on our strategic objectives," said Danielle Favreau, Interim Chief [...]
Karnalyte Resources Inc. announced today that all nominee directors listed in the management information circular dated May 16, 2024, were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 25, 2024 in Saskatoon, Saskatchewan. At the meeting, 27,419,071 shares were voted, representing 51.46% of the Company's issued and outstanding common shares. The voting results for all [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the first quarter ended March 31, 2024. Q1 2024 HIGHLIGHTS The Company continued to make progress on its NI 43-101 compliant technical report, a key precursor to any mine construction. In the most recent quarter, this included work done by Karnalyte and its advisors to Identify cost efficiencies, Optimize construction and operation [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the financial year ended December 31, 2023. 2023 - YEAR IN REVIEW In 2023, Karnalyte continued work on the update to its NI 43-101 Compliant Technical Report including additional work to identify cost efficiencies, optimize construction and operation plans and enhance project sustainability. POTASH - WYNYARD POTASH PROJECT Market [...]
/Not for distribution to U.S. news wire services or dissemination in the United States./ Karnalyte Resources Inc. today announced its financial results and corporate highlights for the third quarter ended September 30, 2023. Karnalyte continues to work on the update to its NI 43-101 compliant technical report, a critical step towards capital investment in and eventual construction of the Wynyard Potash Project. During the [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the second quarter ended June 30, 2023. The achievements are a show of the Company's commitment to developing its Wynyard Potash Project, dedication to good governance, and continued focus on increasing value for investors. As previously announced, Karnalyte continues to work on the update to its NI 43-101 compliant technical [...]
Karnalyte Resources Inc. , is pleased to provide a corporate update, as well as announce the election of a highly qualified new director to the board and the settlement of a lawsuit. These developments demonstrate the Company's commitment to optimizing the Wynyard Potash Project, resolving legal matters and to ensuring excellence in corporate governance. Corporate Update on NI 43-101 technical report As previously [...]
/Not for distribution to U.S. news wire services or dissemination in the United States./ Karnalyte Resources Inc. announced today that all nominee directors listed in the management information circular dated May 18, 2023 were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 22, 2023 in Saskatoon, Saskatchewan. At the meeting, 29,631,144 shares were voted, representing [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the first quarter ended March 31, 2023. During the first quarter of 2023, Karnalyte continued to work diligently to advance the Company's Potash Project toward development. Karnalyte remains focused on the update to its NI 43-101 compliant technical report, a key precursor to any mine construction. In the most recent quarter, this [...]