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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

Atlas Salt Inc. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, evaluation, exploration and production of mineral properties in Newfoundland and Labrador. The Company owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a large homogeneous high-grade resource located next to a deep-water port. It also develops the Fischell’s Brook Salt Dome, which is approximately 15 kilometers (km) south of Great Atlantic in the heart of an emerging Clean Energy Hub. The Company's Flat Bay Gypsum Project is located three km southwest of Great Atlantic Salt deposit that features early-stage open-pit production from the Ace deposit. The project is located beside important infrastructure including a deep-water port, Great Atlantic positions Atlas in the middle of the eastern North America Road salt de-icing market.


TSXV:SALT - Post by User

Post by Redrum180on Dec 20, 2023 12:17pm
255 Views
Post# 35793971

Sold -- Now Buying Again

Sold -- Now Buying Again     Sold SALT at a small loss months ago, now dipping my toe back in around 20 cents less than my sale price.

     The scope of this project is going to be daunting but the resource is real enough.  

     Money is tight but getting less so as interest rates seem headed lower.  Whoever funds this project will have a pretty clear idea of its ultimate return (see the 1/30/23 NR re the PEA that was done.)  The creation of this "core project team" is encouraging but I'm not buying my party hat and noise makers just yet.

     Road salt will always be in demand and this project is truly environmentally friendly.  Even if everyone drove an EV, the demand will be the same.  I may pick up some Vulcan as well. 

     Conclusion:  Dipping my toes in now; won't mind paying up for this if it starts rocking because there seems to be considerable upside.

     This is not investment advice; it's me trying to talk myself into buying more!
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