The company recorded total revenue for the six months ended 30 June of CAN$1.48 million.
The company has received letters of intent from KfW IPEX-Bank of Germany and Export Development Canada with regards to one of its small-scale production facilities in central Saskatchewan, Canada.
At 30 June 2019, Karnalyte Resources had cash of CAN$8.6 million, a positive working capital of CAN$8.7 million and no debt.
More Potash news
Matt Shackleton, Managing Director and CEO of Australian Potash, has said that the complete findings of the definitive feasibility study on the project will be released in due course.
Net earnings in 2Q19 were US$858 million (US$1.47 diluted earnings per share). 2Q19 adjusted net earnings was US$1.58 per share and adjusted EBITDA was US$1.9 billion.
Danakali and the Colluli Mining Share Company have said they aim to commence project execution in 2019.
During the maintenance period, the existing facilities will be supplemented by further components for screening and cooling the products.
The two companies have identified a mutual opportunity for Salt Lake Potash to use part of the pre-strip material from Blackham’s proposed Williamson Pit development for the construction of the Salt Lake Potash project's on-lake evaporation ponds.