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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

Post by Redrum180on Aug 30, 2023 2:58pm
142 Views
Post# 35612531

ATLAS - Streaming Possibility?

ATLAS - Streaming Possibility?     I think Altius Minerals would be a great possible source of funding to get a mine up and producing.  They are a royalty streaming company, as most of you know; they have close to a one billion dollar market cap.  Thinking outside the box, giving a small percentage of future production might not be a bad way to finance a mine without dilution.

    There are other streaming companies that also might be interested.  I mention Altius because they have streaming agreements with potash, coal, silver, gold. 

     There is a related company, Altius Renewables which could even be a better fit.  

     I don't own shares in those companies; I do own some Sandstorm Gold, another royalty company; I don't know if the gold streaming royalty companies are able* to fund a mine; if they could, the monster Franco Nevada could fund this with their loose change.

*permitted to fund a salt mine by their corporate charter

    Mark B.
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