Karnalyte Resources Inc. (KRN) Financings
TSX: KRN · Potash · Development stage
- Market cap$12.5M
- Share price$0.235
- 52-week range$0.110 – $0.520
- Shares outstanding53,283,982
- ExchangeTSX
- Websitewww.karnalyte.com
Karnalyte Resources Inc. is a development stage potash company. Karnalyte owns the Wynyard Project, with planned Phase 1 production of 675,000 t/a of high grade granular potash, and two subsequent phases of 750,000 t/a each, taking total production up to 2.175 million t/a. All environmental permits remain valid, preliminary detailed engineering is complete, and the existing Offtake Agreement with GSFC remains in effect. Karnalyte is also considering opportunities relating to secondary magnesium compounds. Further development is dependent on the continued strength of potash prices and obtaining financing.
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Karnalyte Resources Inc. financial statements
Key figures read from 41 of 41 financial statement filings, Nov 9, 2016 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Jan 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$351 | C$870 | C$2,296 | C$3,681 | C$3,681 |
| Total current assets | C$701* | C$1,225* | C$2,716* | C$4,209* | C$4,209* |
| Exploration and evaluation assets | C$4,629 | — | C$5,049 | — | C$5,049 |
| Total assets | C$5,918 | C$6,875 | C$8,378 | C$9,883 | C$9,883 |
| Total liabilities | C$2,293 | C$2,292 | C$1,891 | C$2,197 | C$2,006 |
| Shareholders' equity | C$3,625 | C$4,583 | C$6,487 | C$7,686 | C$7,877 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$1,383 | C$1,448 | C$1,228 | C$1,339 | C$1,865 |
| Share-based compensation | C$34 | C$37 | C$32 | C$38 | C$26 |
| Impairments and write-downs | C$779 | C$732 | C$546 | C$1,029 | C$524 |
| Net income (loss) | C$26 | (C$17) | (C$89) | (C$18) | C$8 |
Cash flow statement: annual key figures
Canadian dollars (C$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,148)* | (C$955)* | — | (C$1,174)* | — |
| Investing cash flow | C$629* | (C$471)* | — | (C$754)* | — |
| Financing cash flow | — | — | — | C$3,804* | — |
| Exploration spending (capitalized) | (C$2,187) | (C$993) | — | (C$1,304) | — |
| Proceeds from share issues | — | — | — | C$3,790 | — |
| Change in cash | (C$519) | (C$1,426) | (C$1,385) | C$1,882 | (C$3,022) |
| Cash at end of period | C$351 | C$870 | C$2,296 | C$3,681 | C$1,799 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Karnalyte Resources Inc. yet.