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.

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Atlas Salt Inc > Any New News

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Comment by DeputyDawgon Jan 10, 2023 9:43am

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Post# 35213125

RE:RE:RE:RE:RE:RE:Any New News

Scionxb777 wrote: That's full developed mine even Rowland said he put Compass minerals up over $100 a share and this is bigger more efficient.

You need to forget Atlas building this out or ever seeing $100 per share. 100% it won't happen.

Consultants were appointed last year for a good reason.

Atlas currently has no FS and no permit so no construction until 2024 and likely 3 years to production. Rowland and Patrick don't want to hang around that long. Important board member now is John Anderson who is there to deal with a sale on behalf of Atlas.

After feasability in out in March/April then Atlas will invite offers. What is unclear is if any interested party will act on the PEA and decide not to wait. Still expect to see $280 - $320 capex.

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