Karnalyte Resources Inc. has welcomed announcements in early 2026 by the Government of Canada and the Government of India regarding the shared commitment to enhance collaboration in the fertilizer sector and strengthen the partnership between the two nations for long-term food and agriculture security.
As a Canadian potash developer, Karnalyte has made clear its belief these commitments will strengthen demand for Canadian potash and support the sector’s long-term growth.
“This renewed interest in deepening collaboration between Canada and India in mining, exploration, and potash is a positive step for our industry and for trade between our two nations,” said Danielle Favreau, CEO of Karnalyte. “We are encouraged by the Government’s recognition of Canadian potash and the value our sector brings to international trade.”
Karnalyte recently filed an updated feasibility study for its flagship Wynyard Project, confirming a projected 70-year mine life and strong project economics. The project is well positioned to meet rising potash demand in India and North America, supported by a strategic offtake agreement with Gujarat State Fertilizers and Chemicals Ltd (GSFC), Karnalyte’s largest shareholder and a leading Indian fertilizer company. This partnership ensures reliable supply to India and highlights Karnalyte’s role in supporting global food security.
Karnalyte Resources Inc. is a development stage potash company. Karnalyte owns the Wynyard Potash Project, with planned phase 1 production of 675 000 tpy of high grade granular potash, and two subsequent phases of 750 000 tpy each, taking total production up to 2.175 million tpy. All environmental permits remain valid, preliminary detailed engineering is complete, and the existing Offtake Agreement with GSFC remains in effect. Further development is dependent on the continued strength of potash prices and obtaining financing.