Karnalyte Resources announces abrupt change of CEO
TORONTO (miningweekly.com) – 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 enterprises focused on energy, mining and technology sectors, would replace Phinney for a temporary stint of between six months and a year.
His main duties would entail preparing a strategic plan for the corporation going forward, continuing an active search for construction financing for the company’s flagship Wynyard carnallite project, in Saskatchewan, and to start the search for a permanent CEO that would oversee bringing the project into full production.
Karnalyte also announced that the planned consolidation of the two existing offices in Okotoks, Alberta, and Saskatchewan has been put on hold.
Ron Love would also maintain his position as Karnalyte's executive VP and CFO.
Karnalyte in December received the water rights licence to use ground water (WRL) and the approval to operate works (ATO) for the source water well from the Saskatchewan Water Security Agency.
The WRL granted the corporation the right to withdraw brackish groundwater from the Blairmore formation to support the project.
The company, which is preparing to start construction of the first phase of its C$626-million project, is currently on the lookout for another partner, or other investors, to secure more financing to complete the project.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.
VISIT SHOWROOM
Complete range of security sealing solutions including security seals bags and labels.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
