Karnalyte Resources Inc. (Karnalyte) is engaged in the business of exploration and development of agricultural and industrial potash and magnesium products. Karnalyte is focused on exploration and development of potash in Saskatchewan. The Company holds subsurface mineral Permit KP 360A comprising 68,301 acres as well as lease KSLA 010 comprising 16,825 acres near Wynyard, Saskatchewan. The Company focuses to develop and extract a carnallite - sylvite mineral deposit through a known solution mining process. The Karnalyte Property is located 0.5 kilometer to the south of Highway 16 near the town of Wynyard, Saskatchewan. It owns a 100% interest in Subsurface Permit KP 360A and Subsurface Mineral Lease KLSA 010, comprising a total of 85,126 acres. The Wynyard Carnallite Project is an exploration and early stage pre-development property with a dominant zone of carnallitite and sylvinite (potassium-containing minerals).
26 Crystalridge Drive
OKOTOKS, AB, Canada T1S 2C3
|Independent Chairman of the Board||Bruce Townsend|
|President, Chief Executive Officer, Director||Robin Phinney|
|Chief Financial Officer, Executive Vice President, Director||Ronald Love|
|Vice President - Engineering, Research & Development||Siu Ma|
|Vice President - Marketing||Robert Macgillivray|
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|Shares Out.||27.5M||Book Value||$3.28|
|Annual Dividend Rate||$0.00||Price/Sales (TTM)||--|
|Ex-Div Date||1/1/01||P/Cash Flow (TTM)||--|
|Pay Date||1/1/01||Operating Margin||--|
*GAAP = prior to non-GAAP analyst adjusted earnings.