Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Karnalyte Resources Inc. (T:KRN)

Business Focus: Agricultural Chemicals (NEC)

Sector:  Basic Materials Industry:  Agricultural Chemicals
 
Company Contact
Address: Suite 1201, 409 3rd Avenue S
SASKATOON SK S7K 5R5
Tel: N/A
Website: https://karnalyte.com
IR: See website
Key People
Danielle Favreau
Interim Chief Executive Officer
Christie Gradin
Interim Chief Financial Officer
 
Business Overview
Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite/Sylvinite solution mining project in central Saskatchewan. It has a 100% interest in KLSA 010, KL 247A, and KL 246 mineral leases comprising approximately 367 square kilometers (km2) (90,766 acres) of mineral rights. It also owns around 4,100 acres of surface land. The project is located approximately 190 km east of Saskatoon, SK, or 176 km north of Regina, SK. It is also exploring the development of the Proteos Nitrogen Project. The Proteos Nitrogen Project is an advanced stage development project consisting of a proposed small-scale nitrogen fertilizer plant to be located in Central Saskatchewan.
Financial Overview
For the fiscal year ended 31 December 2023, Karnalyte Resources Inc revenues was not reported. Net loss decreased 18% to C$1.4M. Lower net loss reflects Impairment decrease of 47% to C$546K (expense), office and sundry expense decrease of 12% to C$612K (expense), Interest Income on bank deposits increase from C$62K to C$133K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.04 to -C$0.03.
Employees: 10 as of Dec 31, 2016
Reporting Currency: Canadian Dollars
Enterprise value: $8.09M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$0.95M as of Dec 31, 2023
Net annual income (TTM): -$1.42M as of Dec 31, 2023
Free cash flow (TTM): -$1.39M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 53,283,000 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization