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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 Zephyron May 14, 2023 6:00pm
159 Views
Post# 35447550

RE:RE:Triple point

RE:RE:Triple pointThe shares of TPR are not priced because they are not listed for trading on the CSE. The company filed its T2073 election on December 9, 2022 to allow the shares to be eligible in tax deferred accounts as a public corporation under the Tax Act, even though not yet actively traded. Some brokers have them in online accounts with nil value. Some don't have them showing in their online accounts yet.

The company is waiting to see if one of the successful bidders on the west coast hydrogen wants to buy them as is. If not, and it's economically feasible, TPR will look to develop the domes themselves and operate the business of renting storage space to participants in the hydrogen industry. If someone wants the asset as is, the stock will never list. If TPR goes down the path of developing themselves, then the listing on the CSE will be finalized with capital raising commencing after that.
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