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Karnalyte Resources announces abrupt change of CEO

By: Henry Lazenby TSX-listed potash project developer Karnalyte Resources this week announced that mining veteran Thomas Drolet had replaced Robin Phinney as president and CEO with immediate effect. Karnalyte on Tuesday said that Drolet, with 43 years of experience in Canadian and international business... 

Karnalyte collects water licence and approval to operate works

By: Henry Lazenby TSX-listed potash project developer Karnalyte Resources on Thursday achieved another step forward to bring its Wynyard carnallite project, in Saskatchewan, to fruition, after announcing that it had received the water rights licence to use ground water (WRL) and the approval to operate works (ATO)... 

Karnalyte cleared to start permitting for Saskatchewan flagship

By: Henry Lazenby Saskatchewan-focused potash project developer Karnalyte Resources on Thursday announced that the provincial Environment Ministry had given it the green light to proceed with construction permitting for the Wynyard carnallite project, after the company had cleared all conditions set out in its... 

Karnalyte opens contractor’s office at Saskatchewan project

By: Henry Lazenby Potash junior Karnalyte Resources on Wednesday officially opened the contractors’ office at its Karnalyte property, near Wynyard, Saskatchewan, in anticipation of the start of construction activity. CFO Ron Love told Mining Weekly Online that the company was now gearing up for serious... 

Feasibility study in hand, Karnalyte turns focus to financing

By: Matthew Hill Shares in potash hopeful Karnalyte Resources hit a new high on Monday, after the company published a positive feasibility study for its Wynyard project in Saskatchewan, outlining a 625 000 t/y mine with initial output in 2014, costing just under $600-million to build. BMO analyst Joel Jackson... 

New potash entrant Karnalyte ponders 6Mt production

By: Matthew Hill Karnalyte Resources, which debuted on the TSX in December, aims on producing 500 000 t/y of potash at its Wynyard project in Saskatchewan, but CEO Robin Phinney said on Thursday this could eventually climb as high as six-million tons a year. The plan is to construct the first phase at a capital... 

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