Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Building Materials Building Materials

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.

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Atlas Salt Inc > Are Atlas Salt and Vulcan Minerals Heading For Bankruptcy

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Comment by MinerCPAon Nov 28, 2022 3:56pm

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Post# 35134842

RE:Are Atlas Salt and Vulcan Minerals Heading For Bankruptcy

Learn to read the published financial statements "Before"you say stupid things............................

The 6-30-22 published balance sheet for ATLAS SALT showed almost $8 million in cash reserves while the 2nd. quarter cash burn rate from operations was $768k. This means at this cash burn rate the company has enough cash to sustain over 10 more quarters (2.5 years) of operations.

None of us want to hear this dribble about B.K. as you are scaring the novice or timid investors away from a solid asset which just needs time to develop or sell.

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