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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 general360on Jan 29, 2024 6:29pm
94 Views
Post# 35851565

RE:RE:RE:what is the reason for delayed EA?

RE:RE:RE:what is the reason for delayed EA?
thanks zephyr, that's what i remember.  they did say publicly that they would be submitting by years end, 2 months before year end.  and they missed the deadline.  by a month now. thats 3 months and counting since this article was out committing to year-end.

they published a schedule in the FS, gotta go by those timelines.  so far they're not exactly hitting deadlines let alone shortening them.  and there are 2 deadlines: self imposed and external estimates from SLR. so far not impressed w/ the self imposed deadline.

they did say here: https://atlassalt.com/strategic-project-execution-plan-implemented-for-the-great-atlantic-salt-development/  on Jan8:


"Further refining the Feasibility Study (FS) Budget and Schedule to establish a Level III baseline schedule and budget for project execution."

so maybe they'll shorten the timeframes... by how much, who kows.  i get that the SLR report is a conservative timeframe, it'll be interesting to see if they/SALT publish something showing accelerated timelines.  not that id believe it based on... evidence!!

you'd think someone of us would have the inside scoop: oh the government wanted another study, or someone to validate the data or blah blah. instead, i have a

1-month delay and counting
overall timelines are quite long and they're tring to shorten it. not sure i want to talk time w/ them ever again, i got enuf data on this topic: they're not to be trusted w/ their own time estimates let alone SLR's.
down 70+ percent overall, NOT HAPPY.
down 20% in only a month or so, but thats on me for trying to catch a falling knife!  everything else is on them!

for some reason i'm souring on this...  i cant be the only one! demoralizing to add up and see LOTS of red...

c'mon MR SALT, do something!
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