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