Karnalyte Resources Inc. ("Karnalyte" or the "Company") (TSX: KRN) is pleased to announce the results of its updated feasibility study for the Wynyard deposit in central Saskatchewan (the "Project") showing a projected 70-year potash mine life and positive economics that provide the foundation for stable, de-risked long-term returns from the Project.
Karnalyte retained Wood Canada Limited ("Wood"), ERCOSPLAN Ingenieurgesellschaft ("ERCOSPLAN"), RESPEC Consulting Inc. ("RESPEC"), and March Consulting Associates Inc. ("MARCH") to update the existing feasibility study for the Project and prepare a technical report (the "Report") under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The Report, effective November 26, 2025 and titled NI 43-101 Technical Report on the Feasibility Study of the Wynyard Project, Saskatchewan, Canada, will be filed under the Company's issuer profile at www.sedarplus.com within 45 days of this news release.
"The updated Feasibility Study marks a pivotal milestone for Karnalyte Resources, confirming the expected strength and longevity of our Wynyard deposit," said Danielle Favreau, Chief Executive Officer of Karnalyte Resources. "Our disciplined focus on efficiency and growth has positioned us to advance the Project toward successful development as we invest in operational planning. With a strong foundation and clear strategy, we are ready to capitalize on opportunities that further enhance value for all stakeholders."
Ms. Favreau continued, "Supported by robust estimated mineral resources and mineral reserves, planned potash production capacity, and a secured offtake agreement with our strategic partner, the Wynyard project is designed to deliver stable returns and reliable future cash flow. As potash is essential to global food security, our competitive cost structure and positive market fundamentals, backed by strong price forecasts, provide a solid platform for long-term value creation."
"Karnalyte is also well-positioned in the hydromagnesite market, with the potential to offer North American and international buyers a high-quality, cost-effective alternative amid limited supply. Our deposit and scalable Project design provide opportunities for future expansion into higher-value markets, positioning Karnalyte to capture a significant share of the global hydromagnesite market. With a planned long-term mine life and a commitment to operational excellence, Karnalyte is poised to support agricultural productivity and industrial growth for decades to come," concluded Ms. Favreau.
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