Karnalyte Resources Inc.

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 [...]

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 [...]