Karnalyte Resources Inc. Announces Annual and Special Meeting Voting Results
KARNALYTE.COM
TSX: KRN
KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL AND
SPECIAL MEETING VOTING RESULTS
Not for distribution to U.S. news wire services or dissemination in the United States.
SASKATOON, SK (CNW- June 30, 2025) – Karnalyte Resources Inc. ("Karnalyte" or the "Company")
(TSX: KRN) announced today that all nominee directors listed in the management information circular
dated May 26, 2025, were elected as directors of the Company at the annual and special meeting of
the Company’s shareholders held on June 30, 2025 (the “ Meeting”) in Saskatoon, Saskatchewan.
At the meeting, 28,370,934 shares were voted, representing 53.24% of the Company’s issued and
outstanding common shares. The voting results for all matters brought forth at the Meeting are set out
below.
ELECTION OF DIRECTORS
APPOINTMENT OF AUDITORS
NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
KPMG 27,012,918 95.59 1,245,759 4.41
APPROVAL OF UNALLOCATED STOCK OPTION PLAN
NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
VOTED AGAINST % AGAINST
Unallocated Options 26,248,085 93.58 1,800,731 6.42
ABOUT KARNALYTE RESOURCES INC.
Karnalyte Resources Inc. is a development stage company focused on two fertilizer products, potash
and nitrogen, to be produced and manufactured in Saskatchewan. Karnalyte owns the construction
ready Wynyard Potash Project, with planned phase 1 production of 625,000 tonnes per year (“ TPY”) of
high grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up
to 2.125 million TPY. Karnalyte is also exploring the development of the Proteos Nitrogen Project,
which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of
NOMINEES NUMBER OF SHARES
VOTED IN FAVOR
% IN
FAVOR
NUMBER OF SHARES
WITHHELD
%
WITHHELD
D.C. ANJARIA 26,441,534 93.86 1,729,539 6.14
JENNIFER HASKEY 26,956,909 95.69 1,214,164 4.31
LARRY LONG 26,971,869 95.74 1,199,204 4.26
DILIP V. PATHAKJEE 26,441,534 93.86 1,729,539 6.14
SANJEEV V. VARMA 26,453,774 93.90 1,717,299 6.10
approximately 700 metric tonnes per day (“MTPD”) of ammonia and approximately 1,200 MTPD of
urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.
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For further information, please contact:
Karnalyte Resources Inc.
1(639) 398-6478
www.karnalyte.com