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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]