RE:SALT PRESS RELEASE Dec 9. PM
How The Soon to be Released PEA will Validate The Economics of Atlas Salt's Great Atlantic Deposit
Sagacity Capital Media
Dec 9, 2022
Atlas Salt (TSXV:SALT / OTCQB:REMRF) has North America's premiere undeveloped salt deposit in its flagship Great Atlantic project. The one area that investors have been curious about throughout this year is how to properly valuate such a sought after and massive deposit like Great Atlantic. We sit down with President Rowland Howe to discuss how the Preliminary Economic Assessment (PEA) being released in mid January 2023 will provide the building blocks to put a value on this world class salt deposit.
Important Elements:
0:00 - Giving the reason why this deposit is so essential to North America
0:32 - Discussing the main aspect of their recent news release...how this PEA will serve as the building blocks for valuating this world class salt deposit
2:54 - Delving into the drill program going longer than originally anticipated
3:55 - Explaining the importance of these large step out holes and what their purpose is
6:13 - Talking about the potential of a buyout and whether Atlas is interested in taking this deposit into production themselves
7:02 - What are the current supply & demand dynamics of the salt industry? What does this mean to the industry as a whole?
7:52 - Discussing the key supply issue in salt distribution due to the Mississippi River draught and why this emphasizes the need for Great Atlantic going into production
9:13 - Brandon summarizes the key reasons why investors are so excited about the potential of Atlas Salt
9:53 - Rowland discusses the new companies entering into the Bay St George salt district trying to find another Great Atlantic or salt domes like Fischell's Brook
11:05 - Elaborating on the baseline environmental studies that are integral to the permitting process for mine development of Great Atlantic
12:04 - What investors should be excited about coming down the pipeline from Atlas Salt