Strategic Spinout STRATEGIC SPINOUT
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As part of a relentless effort to create shareholder wealth, Atlas Salt is carrying out a near-term spinout featuring its Fischell's
Brook Salt Dome and other claims considered prospective for a broader "Clean Energy Hub" in the prolific Bay St. George
Basin.
The Government of Canada recently developed and published a “Hydrogen Strategy for Canada” in which it
predicted: “With worldwide demand for hydrogen increasing, the global market could reach over $11 trillion by 2050. Each
region of Canada can utilize their unique resources to produce and deploy hydrogen domestically as well as to supply a
growing export market.”
Energy storage is a key component to deliver Canada's clean energy transition.
So, this I believe is coming to fruition. While the spinco won't yield any shares directly to the VUL shareholders, the company's holdings in SALT will be rewarded. In theory, then as the value of the VUL entity rises, we as shareholders will benefit. The question is what will the street value the salt domes at?? $30 million??.....$40 million....more??? Either way, any added value adds to the share price. Should be a nice cherry on top of this sunday.