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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 nedstar71on Jul 22, 2023 9:31pm
106 Views
Post# 35553152

RE:RE:always a endless supply of shares for sale

RE:RE:always a endless supply of shares for sale
Zephyr wrote:

This is not a 'company' in that way. This is not a company with a revenue problem. This is an undeveloped asset. The biggest issue we have now is the CEO who found the deposit is out of his element with exploration-type work done.

A different skill set is needed now to propel this toward development and hopefully it gets bought out long before then.

The new CEO will be here shortly (I expect announcement next week). Once the new CEO gets familiar with the FS they will roll that out (yes, I am highly confident it's complete).

Things should ramp up once the CEO is in place for a few weeks. We just need someone to systematically tick the boxes to advance this project towards operation.
 


I'm concerned the new CEO will be a let down.  As with everything else related to this company, people have built him up as if he's going to be a superstar CEO.  Generally superstars already have good jobs and aren't looking to be connected with companies as half assed as this one has been, great deposit or not.  Plus, given who is having a say in hiring said CEO, I have even less confidence.  I'll gladly be wrong though .
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