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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

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

Comment by Canticleon Aug 24, 2022 4:03pm
122 Views
Post# 34918001

RE:Salt production?

RE:Salt production?

Until the feasibility study is completed (probably late November/early December) there won't be anything more than speculation on what's going to happen. A buyout is probably more likely than actually going to production, although that's certain not off the table.

Once the FS is done, if a buyout occurs actually construction and facilities will likely begin spring 2023 at the absolute earliest.

Triple Point Resources might actually see construction on facilities sooner than Atlas Salt, given the rapid timelines for hydrogen export to Germany that's being looked at.

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