SASKATOON, SK — January 7, 2026 — Leads & Copy — Karnalyte Resources Inc. (TSX: KRN) has announced the filing of the NI 43-101 Technical Report on the updated feasibility study for its Wynyard Project. The report is now accessible on SEDAR+ (www.sedarplus.ca).
The updated study, further detailed in the company’s press release from November 26, 2025, reaffirms the strong fundamentals and long-term potential of the Wynyard Project to provide stable returns and meet increasing market demand.
Danielle Favreau, Chief Executive Officer of Karnalyte Resources, stated that the filing of the updated feasibility study marks a significant milestone in advancing the Wynyard Project towards development. Favreau added that with a robust foundation, positive market outlook, and defined strategy, Karnalyte is positioned to generate long-term value for its stakeholders.
Key highlights from the updated feasibility study include:
- Projected 70-year mine life with positive project economics.
- After-tax Net Present Value (NPV) of $2.04 billion at an 8% discount rate and an Internal Rate of Return (IRR) of 12.5%.
- Annual production of 2.175 million tonnes of potash and 104,000 tonnes of hydromagnesite.
- A secured offtake agreement for a portion of the production, ensuring reliable cash flow.
The full Technical Report is available on SEDAR+ under Karnalyte’s profile.
The scientific and technical information in the Technical Report has been reviewed and approved by the following Qualified Persons (QPs), as defined under NI 43-101:
- Tabetha Stirrett, P.Geo., President, RESPEC
- Sebastiaan van der Klauw, EurGeol, Consulting Geologist, ERCOSPLAN
- David Mitchell, P.Eng., Senior Process Engineer, Wood
- David Myers, P.Eng., Technical Director Mining and Minerals (Saskatoon), Wood
- Kyle Krushelniski, P.Eng., Senior Project Manager, MARCH
Karnalyte Resources Inc. is focused on potash development and owns the Wynyard Project, which plans for a Phase 1 production of 675,000 t/a of high grade granular potash, followed by two subsequent phases of 750,000 t/a each, bringing total production capacity to 2.175 million t/a. The company states that all environmental permits are valid, preliminary detailed engineering is complete, and the existing Offtake Agreement with GSFC remains in effect. Karnalyte is also exploring opportunities for secondary magnesium compounds, with further development contingent on potash prices and financing.
Gujarat State Fertilizers & Chemicals Limited (GSFC), is described as a leading Indian Fortune 500 chemicals and fertilizer company with over 60 years of operation. GSFC operates one ammonia plant commissioned in 2000 and two urea plants established in 1969 at its fertilizer production complex in Vadodara, Gujarat State, India. GSFC is Karnalyte’s strategic partner and largest shareholder.
Source: Karnalyte Resources Inc.
