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 |