Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Metals & Mining Industrial Metals & Minerals

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.

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Atlas Salt Inc > and more news to flow in the weeks ahead

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Post by kilofinal7on Jan 30, 2023 8:45pm

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and more news to flow in the weeks ahead

Next Steps

Upon completion of the PEA, Atlas intends to release a supporting NI 43-101 compliant report posted to SEDAR within 45 days of this news release. Other ongoing work towards Feasibility Study completion includes the following:

Geotechnical field program to support key assumptions related to mine access and design
Updated geological modeling based on the most recent drilling (Drill Hole CC-9), which is not incorporated into the current Mineral Resource estimate
Continued progress in the areas of environmental baseline monitoring
Continued stakeholder engagement
Ongoing work with potential vendors and suppliers
Targeting completion of the Feasibility Study in the first half of 2023