Karnalyte Resources Inc. announces the completion of an investigation of allegations made by a small group of dissident shareholders . A leading law firm completed the extensive review, which included interviews with a number of parties. The 77-page investigation report and the almost 300-page compendium of materials to the Investigation Report highlight, among other things, the following: The Interim CEO and the Board of [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the second quarter ended June 30, 2020. During the second quarter of 2020, the Company focused on the completion of the pre-feasibility study for the Proteos Nitrogen Project, on the engagement of a strategic consultant and on preparation for well workover development at its Wynyard Potash Project. As previously announced, the [...]
Karnalyte Resources Inc. announces that it has engaged MNP LLP as an independent strategic consultant to advise the Board of Directors as it determines the long-term strategic direction of the Company. The Company also announces that it has appointed Christie Gradin, CPA, CA, as Interim Chief Financial Officer . In addition, Karnalyte announces that pursuant to a requisition received from a dissident shareholder group, it [...]
Karnalyte Resources Inc. 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. With input from local advisors in Canada, including Wood Canada, the [...]
Karnalyte Resources Inc. announces that, less than two weeks after its annual meeting, it has received a requisition for a special meeting of shareholders from a group of dissident shareholders comprising former Karnalyte directors Peter Matson, Greg Szabo and Mark Zachanowich for the election of four individuals to the Board of Directors of the Company. There is no action for shareholders to take at this time. Karnalyte [...]
Karnalyte Resources Inc. announced today that all nominee directors listed in the management information circular dated May 26, 2020 were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 26, 2020 in Saskatoon, Saskatchewan. At the meeting, 21,939,935 shares were voted, representing 52.02% 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, 2020. The first quarter of 2020 was a time of local and global uncertainty as protective public health measures put in place across the world in response to the COVID-19 pandemic resulted in lockdowns and stay home orders in many countries including Canada. The mandatory public health measures have [...]
Karnalyte Resources Inc. today announced its financial results and corporate highlights for the financial year ended December 31, 2019. 2019 – THE YEAR IN REVIEW In 2019, Karnalyte continued to make progress in investigating the economic and technical viability of its proposed nitrogen project . Karnalyte also continued to prepare its potash project for improvement in market conditions such that when the Wynyard Potash [...]
Karnalyte Resources Inc. provided today an update on its Proteos Nitrogen Project and announced director changes. Proteos Nitrogen Karnalyte is pleased to announce that it has received a first draft of the pre-feasibility study for the Proteos Nitrogen Project which the Company announced it was developing on November 5th, 2019. The study includes investigation and analysis of project location and site selection, an [...]
Karnalyte Resources Inc. today announced its financial results and operational and corporate highlights for the third quarter ended September 30, 2019. Wynyard Potash During the third quarter of 2019, the Company continued its process of optimizing capital costs for the Wynyard Potash Project in order to position the Company to advance the development of this project when it becomes economically feasible to do so. The [...]
Karnalyte Resources Inc. announced today that effective immediately, Mr. Frank Wheatley, Chief Executive Officer and former President, is no longer with the Company. The Company's Chief Financial Officer, Ms. Danielle Favreau, will act as Interim CEO. The Company will make an announcement on permanent plans to replace Mr. Wheatley as soon as such information is available. SOURCE Karnalyte Resources Inc. Contact [...]
Karnalyte Resources Inc. today announced its financial results and operational and corporate highlights for the second quarter ended June 30, 2019. Wynyard Potash We continue to monitor the potash price environment, which shows some positive signs for price improvement, as we continue our process to update initial capital costs and operating costs during the balance of 2019 in order to position the Company to advance the [...]
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