Karnalyte Resources Inc. today announced its financial results and corporate highlights for the third quarter ended September 30, 2021. During the third quarter of 2021, the Company continued to assess the recommendations of the strategic review that was prepared by MNP LLP and continued efforts to seek out and attract investment and strategic partners to produce and deliver this high-quality potash project to North [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the second quarter ended June 30, 2021. During the second quarter of 2021, the Company continued to focus on activities surrounding the corporate strategic review that was prepared by MNP LLP. As previously announced, Karnalyte's Board of Directors initiated the strategic review process to evaluate a broad range of potential [...]
Karnalyte Resources Inc. announced today that all nominee directors listed in the management information circular dated May 31, 2021 were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 29, 2021 in Saskatoon, Saskatchewan. At the meeting, 23,176,992 shares were voted, representing 54.95% of the Company's issued and outstanding common shares. The voting results for all [...]
Karnalyte Resources Inc. is pleased to provide an update on its corporate strategic review that was prepared by MNP LLP as well as other corporate and governance matters. Strategic Review As previously announced, Karnalyte's Board of Directors initiated the strategic review process to evaluate a broad range of potential strategic alternatives available to the Company, including the evaluation of its existing and future [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the first quarter ended March 31, 2021. During the first quarter of 2021, the Company focused on the activities surrounding the strategic review that was initiated in 2020 including analysis, valuation and market sounding activities for the Wynyard Potash Project, review and analysis of the proposed nitrogen project , and [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the financial year ended Dec 31, 2020. 2020 - THE YEAR IN REVIEW In 2020, Karnalyte completed the preparation of a pre-feasibility study of its proposed nitrogen project, continued to prepare the Wynyard Potash Project for development, engaged in a strategic review process with an external strategic advisor, and adapted and [...]
Karnalyte Resources Inc. announced today that the Company has received a statement of claim filed by Mr. Dan Brown against Karnalyte, Frank Wheatley, Mark Zachanowich, Peter Matson, Todd Rowan, Gregory Szabo, Sanjeev Varma and Vishvesh Nanavaty . Among other things, Mr. Brown is seeking, among other things, a declaration that certain statements made by the Defendants' about the Plaintiff are false and defamatory; a [...]
Karnalyte Resources Inc. announced today that the Company has received an originating application filed by Messrs. Peter Matson and Gregory George Szabo against Karnalyte, Gujarat State Fertilizer and Chemicals Limited , each of the current directors of the Company, the Interim CEO of the Company, and a former director of the Company . Among other things, the Applicants are seeking a declaration that Karnalyte oppressed [...]
Karnalyte Resources Inc. announced the results of the special meeting of the Company's shareholders held earlier today in Saskatoon, Saskatchewan and overwhelming support against the removal of the current directors of the Company. "On behalf of the Board, I thank our shareholders for their strong support in this vote," said Vishvesh D. Nanavaty, Chairman of the Board of Directors. "During the course of this proxy [...]
notes that Dissidents have failed to make compelling case for change Time is short. Shareholders urged to vote prior to the proxy voting deadline of Friday, December 11, 2020 at 9:30 a.m. Karnalyte Resources Inc. today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. recommends that Karnalyte shareholders vote AGAINST the removal of current Directors and WITHHOLD from voting [...]
Urges shareholders to vote the BLUE MANAGEMENT PROXY FORM for professional leadership and stability Warns that self-interested dissident shareholder interests diverge from those of other shareholders Karnalyte Resources Inc. announces that it has filed a Management Information Circular ahead of the Special Meeting of Karnalyte Resources Shareholders , scheduled to be held on December 15, 2020. The Meeting has been [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the third quarter ended September 30, 2020. During the third quarter of 2020, the Company completed the previously announced prefeasibility study for the Proteos Nitrogen Project, engaged MNP LLP to advise the Company as it moves through a strategic review process and prepared for a well workover development project at its Wynyard [...]
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