Karnalyte Resources

Karnalyte Resources Inc.

Karnalyte Resources Inc. is an advanced potash development company focused on financing and building its construction ready Wynyard Potash Project, Phase One. The company owns 100% interest in Subsurface Mineral Leases KLSA 010, KL 247A, and KL 246 totaling 367 km2 (90,766 acres) of mineral rights. Karnalyte’s goal is to become the next greenfield potash mine, with low capital costs, a superior product, and the lowest environmental impact. A modular construction plan will initially produce 625,000 tonnes per year of high grade granular potash, with 2 following phases taking total production up to 2.125 million tonnes per year. Karnalyte Resources Inc. is a publicly traded company listed on the Toronto Stock Exchange under the symbol TSX:KRN.

Message from Board Chair

December 15, 2017

Dear Shareholders of Karnalyte Resources Inc.,

During the past 6 months, the Board of Directors has been working diligently behind the scenes on many matters that have required very careful consideration in order to move forward with the next steps of our corporate strategy, of which several were extremely complex and time-consuming. The information required to make informed decisions took several months to gather, and now that we have successfully resolved most of those matters, we can focus on moving forward with a careful conscientious approach.

An extensive global CEO search has been carried out by our professional executive search advisors that included the evaluation of applicants with the significant leadership and business experience required to take Karnalyte forward along with the integrity that is of utmost importance to our stakeholders. We are confident that this process will result in a strong leadership team to develop Karnalyte’s potash project.

Our technical team is working persistently to optimize the capital and operating costs of the Wynyard Carnallite Project. Our management team has engaged the services of a financial advisor to help us explore our strategic options moving forward.

Our goal remains steadfast, and although potash fundamentals have changed dramatically in recent years, we, along with our strategic partner Gujarat State Fertilizers & Chemicals Limited, are working to build the Wynyard Potash Project.
We look forward to reporting updates to our shareholders in the New Year.
Sincerely,

Mark Zachanowich
Chairperson of the Board

Karnalyte Resources Inc.

Click below for a detailed description of the project

Wynyard Potash Project

Please download a copy of our our Corporate Presentation below.

Corporate Presentation

Click Below for the Technical Report Highlights/Download

Technical Report and Highlights