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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 kilofinal7on Dec 31, 2022 8:04pm
320 Views
Post# 35198755

RE:RE:Youtube video on Cargill's Cayuga salt mine risks

RE:RE:Youtube video on Cargill's Cayuga salt mine risks Cargill has already shut down the Avery salt mine in Louisiana due to flooding that resulted in deaths. Now we have this story of the major risks at another Cargill mine. Cargill revenues are around $130 billion a year so my bet is that they have their eye on Great Atlantic and they deffinitely have the money to buy it for cash. Cargill isn't a publicly traded company. 

Looking forward to exciting news in the months ahead  


Copperking102 wrote:
kilofinal7 wrote: https://www.youtube.com/watch?v=0hAYnj8MAE4


Cargill's Cayuga salt mine is the deepest mine in North America and supplies most of the salt used in New York state. Keep all that in mind as you watch this Youtube video. 

Go SALT! 



So i think what most people are missing here is how close this mine is to the Marcellus Shale area of PA. Little to the North sits Lake Cayuga, with the Cargill mine underneath. Shale areas are fracked and leave big voids once emptied and thus are known to have a high incidence of earthquakes. Once that ground starts to go, all hell can break loose. Cargill might be wise to have a backup llan...


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