Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Metals & Mining Industrial Metals & Minerals

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

Atlas Salt Inc > Post webinar

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Comment by Zephyron Nov 22, 2022 3:00pm

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Post# 35119590

RE:Post webinar

Laruch12 wrote:
what's the takeaway? Fs pushed out another quarter? No movement on takeover talks? Might not find a buyer so apply for permits?

Yep...FS pushed out.

No matter who they are talking to (if anyone at this point, but I assume there have been conversations had), most are not going to enter any meaningful talks without the FS in hand. So, the FS is the tail that wags the dog in that respect.

No one knows the timeline to find a buyer. Absent of that info, the company will forge ahead with any permitting, mine design, funding discussions as if Atlas will be building the mine (which can't be ruled out 100%). Atlas will not simply just sit & wait for a suitor. The company can easily be bought in the development stage as well as pre-development.

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