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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 wreckhouseon Mar 18, 2024 7:02am
128 Views
Post# 35937804

Monday morning

Monday morning

Amemorandum of understanding will be signed Monday between Canada and Germany to establish a trade program to sell hydrogen produced in Newfoundland and Labrador, as well as Nova Scotia. 

"This is historic," Canada's Minister of Energy and Natural Resources Jonathan Wilkinson told CBC News on Sunday. "It is a huge step forward and it is something that I think people in Newfoundland and Labrador can be enormously optimistic about in terms of the creation of jobs and prosperity."

According to a press release from Natural Resources Canada, the MOU accelerates the hydrogen trade between Germany and Canada, with exports beginning as early as next year.

Canada has only seen one project — Everwind's Point Tupper plant in Nova Scotia — pass environmental assessment so far, although that project still has to clear assessments for the wind farms that will power it. 

The next closest is the World Energy GH2's proposed wind-to-hydrogen project on the Port au Port Peninsula in Newfoundland, which is still awaiting approval under the province's environmental assessment process. 

Wilkinson said that process will be respected, despite the MOU. He said these types of deals need to be struck ahead of time so that companies can safely invest in new industries, such as the hydrogen trade.  BCRNW

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