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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

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

Comment by twopondson Dec 15, 2021 5:15pm
127 Views
Post# 34234628

RE:Extension news...

RE:Extension news......what's interesting as far as the deal is concerned is that besides the $3K/month fee they(PRMedia), can  purchase 200,000 shares of stock options at $1.65/sh.  What does that tell you about where we're heading in share price. 
"Atlas Salt will pay PRmediaNow a fee of $3,000 per month and PRmediaNow will also be granted stock options to purchase 200,000 common shares of Atlas Salt at a price of $1.65 per share for a term of two years. The options are in accordance with Atlas Salt’s stock option plan and vest quarterly over one year. The services agreement, effective December 15, 2021, and grant of options are subject to the approval of the TSX Venture Exchange."
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