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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Post by CopperKing101on Jul 02, 2021 11:58am
183 Views
Post# 33482128

Freight Rates

Freight RatesSo while we're still a distance away from production, one should understand what's going on with ALL oceanic freight rates. Container charges have quintupled!! Nothing is shipped to either the West or East coast, USA, is cheap. So while in the past, salt was selling for $50 ton, imported, you can take it to the bank that those charges will now reflect the new freight rates adding easily an additional $10 per ton. Maybe more!!! All the more reason to get this thing going as this freight premium might be around for a while.
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