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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 Apr 20, 2024 3:19am
184 Views
Post# 35999319

RE:RE:RE:another hurdle jumped

RE:RE:RE:another hurdle jumped Partnerships and to a small extent off take agreements should do much of the heavy lifting imo.  Not that a partnership isn't dilution mind you. If current shareholders come out with even 25% of the producing mine in the end it would still be a huge windfall.  Bank financing is quite possible AFTER a legitimate partner gets involved.  The bank isn't lending Atlas Salt much of anything going it alone.  I don't see Atlas just issuing hundreds of millions of shares in a financing either though.  That would be insane. 
Either way this is great news and Rick seems like the person to get it done.  Glad most of the stupid interviews are a thing of the past, although I'm guessing this news may spark one or two.  Hopefully it isn't too cringeworthy.  They're always targeted to the lowest rung of the investment community.  
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