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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 Crunchy2chewon May 21, 2022 4:33pm
173 Views
Post# 34700600

RE:SALT closed on Friday at $1.17 M shares.....

RE:SALT closed on Friday at $1.17 M shares.....Hey Lifegoeson, Yup its just the start.

Just listen to the recient video did you catch that Rowland says in the beginning talking about the corp advisors. That "as we continue to explain the project there is great intrest in it and if that intrest transpires into something different we want to be well aware of the options we have as a board to ensure thay any decisions are approprate to shareholder value" . That right there, well to me anyway says that they have had enquiries (formal or informal) into a buyout or a JV. The different direction to me says buyout vs development as Atlsa salt. But hey I might be wrong.

The "just watch and see" to me says that things are about to ramp up and there are many things happening so many that they cant discuss at this time.

The holes were NE and NW half  a km. Thats a signaficant increase and the spinout will be soon.

It was an awesome package of news.
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