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.

TSXV:SALT - Post by User

Atlas Salt Inc > finally... next steps...

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Comment by sorrensonon Mar 03, 2024 3:54pm

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RE:RE:RE:finally... next steps...

Here is the capital cost and financial analysis . The plan is production begining Q3 2029 ( There is a comment say 2028 but all updated reports say q3 2029) and up to full scale of 2.5 mts by year 4 ( 2033) The theory is a 4 year roi so paid off in 2033

The issue is the 450 million required to get this built This is preproduction .They have 12 million at end of 2023 I presume substantial share dilution will be required to pull this off.

Capital Costs

Economic Analysis

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle