Karnalyte Resources Inc.

Karnalyte Resources Inc. announced today that all nominee directors listed in the management information circular dated May 26, 2025, were elected as directors of the Company at the annual and special meeting of the Company's shareholders held on June 30, 2025 in Saskatoon, Saskatchewan. At the meeting, 28,370,934 shares were voted, representing 53.24% of the Company's issued and outstanding common shares. The voting [...]

Karnalyte Resources announced its financial results and corporate highlights for the first quarter ended March 31, 2025. The Company also announced the filing of restated financial statements and restated management discussion and analysis for the year ended Dec 31, 2024. During the quarter, Karnalyte continued to advance its NI 43-101 compliant technical report-a critical milestone toward demonstrating the value of the [...]

Karnalyte Resources announced its financial results and corporate highlights for the third quarter ended Sept 30, 2024. The Company continued to make progress on its NI 43-101 compliant technical report, a key precursor to any mine construction. In the third quarter, this included work on the equipment sourcing initiative that the Company previously announced. In pursuit of cost savings, the Company is analyzing cost [...]

Karnalyte Resources announced it will begin a review of its development strategy to evaluate the economic potential of increasing magnesium chloride production at the Company's Wynyard Project by developing the magnesium assets at the same time as the development of the potash project. "We have initiated preliminary studies to determine the economic opportunity of co-developing magnesium and potash production from the [...]

Karnalyte Resources announced its financial results and corporate highlights for the second quarter ended June 30, 2024. The Company also announced the appointment of Danielle Favreau as permanent Chief Executive Officer and Christie Gradin as permanent Chief Financial Officer of the Company. "We are very pleased to share the news of the permanent appointments of Ms. Favreau and Ms. Gradin," said Sanjeev Varma, Chair of [...]

Karnalyte Resources announced it is pursuing the sale of certain non-essential assets from its Wynyard Project as part of its ongoing efforts to optimize its business operations and advance the project. "The asset sale allows us to advance the focus on our strategic objectives," said Danielle Favreau, Interim Chief Executive Officer. "Cleaning up underused assets from the project site helps the company remain cost [...]

Karnalyte Resources announced that all nominee directors listed in the management information circular dated May 16, 2024, were elected as directors of the Company at the annual meeting of the Company's shareholders held on June 25, 2024 in Saskatoon, Saskatchewan. At the meeting, 27,419,071 shares were voted, representing 51.46% of the Company's issued and outstanding common shares. The voting results for all matters [...]

Karnalyte Resources announced its financial results and corporate highlights for the first quarter ended March 31, 2024. The Company continued to make progress on its NI 43-101 compliant technical report, a key precursor to any mine construction. In the most recent quarter, this included work done by Karnalyte and its advisors to Identify cost efficiencies, Optimize construction and operation plans; and Enhance project [...]

Karnalyte Resources announced its financial results and corporate highlights for the financial year ended Dec 31, 2023. Karnalyte continued work on the update to its NI 43-101 Compliant Technical Report including additional work to identify cost efficiencies, optimize construction and operation plans and enhance project sustainability. WYNYARD POTASH PROJECT Market Update - The market conditions for potash softened in [...]

Karnalyte Resources announced its financial results and corporate highlights for the third quarter ended Sept 30, 2023. Karnalyte continues to work on the update to its NI 43-101 compliant technical report, a critical step towards capital investment in and eventual construction of the Wynyard Potash Project. During the quarter, the Company and leading global consulting and engineering company Wood PLC, the independent [...]