Karnalyte Resources Inc. today announced its financial results and corporate highlights for the financial year ended December 31, 2022. 2022 - YEAR IN REVIEW In 2022, Karnalyte commenced an update to its NI 43-101 Compliant Technical Report, successfully raised capital by way of a rights offering, and prepared an ESG Strategy Report. POTASH - WYNYARD POTASH PROJECT Market Update - The market conditions for potash stayed [...]
Karnalyte Resources Inc. is announcing today its financial results and a number of key corporate highlights for the third quarter ended September 30, 2022. UPDATE TO THE NI 43-101 COMPLIANT TECHNICAL REPORT The Company is providing a status report on the update to the NI 43-101 Compliant Technical Report , led by global consulting and engineering firm Wood PLC . Karnalyte has made diligent progress on this important step [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the second quarter ended June 30, 2022. UPDATE TO THE NI 43-101 COMPLIANT TECHNICAL REPORT Based on an improvement in potash commodity price trends that began in 2021, Karnalyte, as previously announced, made the decision to proceed with an update to its NI 43-101 compliant technical report as part of its strategic development [...]
VADODARA, India, Aug. 4, 2022 /CNW/ - Gujarat State Fertilizers & Chemicals Limited is issuing this news release pursuant to the early warning requirements of Canada's National Instrument 62-104 Take-over Bids and Issuer Bids with respect to common shares of Karnalyte Resources Inc. . On August 3, 2022, GSFC acquired 5,444,852 common shares under the basic subscription privilege and 3,655,148 common shares under the [...]
Karnalyte Resources Inc. , is pleased to announce today the successful closing of its previously announced rights offering , raising approximately $3.9 million in proceeds that will be used for, among other things, development of the Company's flagship Wynyard Potash Project. Of note, strategic partner and significant shareholder Gujarat State Fertilizers and Chemicals Limited , a major agriculture sector player in India [...]
Karnalyte Resources Inc. is pleased to announce today that its strategic partner and significant shareholder, Gujarat State Fertilizers and Chemicals , will participate in the Company's rights offering . GSFC's participation further demonstrates its ongoing commitment and support for Karnalyte and the Wynyard Potash project. "The additional investment we will receive through GSFC's participation in the Rights Offering [...]
Karnalyte Resources Inc. is pleased to announce today a number of updates on initiatives to enhance business operations, raise capital and increase shareholder value. "By updating our NI 43-101, embarking on our first-ever ESG strategy, and raising capital through a rights offering, Karnalyte is working toward its goal of becoming a low-cost, sustainable producer of high-quality potash, with the goal of establishing the [...]
Karnalyte Resources Inc. announced today that all nominee directors listed in the management information circular dated May 24, 2022 were elected as directors of the Company at the annual and special meeting of the Company's shareholders held on June 21, 2022 in Saskatoon, Saskatchewan. At the meeting, 23,414,832 shares were voted, representing 55.52% of the Company's issued and outstanding common shares. The voting [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the first quarter ended March 31, 2022. During the first quarter of 2022, the Company was focused on the update to its NI 43-101 compliant technical report. As previously announced, Wood PLC, a leading global consulting and engineering company has been engaged as independent lead author of the update. More recently, the Company [...]
Karnalyte Resources Inc. announced its financial results and corporate highlights for the financial year ended December 31, 2021. 2021 - YEAR IN REVIEW In 2021, Karnalyte completed a strategic review process with an external strategic advisor, took significant steps to improve the Company's financial position, and in light of strong market conditions for potash, initiated an update the Company's NI 43-101 compliant [...]
Karnalyte Resources Inc. is pleased to announce today two updates as part of the Company's efforts to enhance its financial position, governance, and shareholder value. In line with the Company's goal of identifying cost efficiencies, Karnalyte has engaged Olympia Trust Company as its new transfer agent at a very competitive rate. As of Feb 1, 2022, Olympia has taken over responsibility for maintenance of shareholder [...]
Karnalyte Resources Inc. is pleased to announce the selection of leading global consulting and engineering company Wood Canada Ltd. as independent lead author of the Company's planned update to its National Instrument 43-101 technical report. update of bankable feasibility study to be completed In light of positive potash market condition developments and in support of continuing efforts to seek and attract investment and [...]
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