Atlas Salt Inc REMRF

Primary Symbol: V.SALT

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 > and more news to flow in the weeks ahead

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Post by kilofinal7on Jan 30, 2023 8:45pm

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and more news to flow in the weeks ahead

Next Steps

Upon completion of the PEA, Atlas intends to release a supporting NI 43-101 compliant report posted to SEDAR within 45 days of this news release. Other ongoing work towards Feasibility Study completion includes the following:

Geotechnical field program to support key assumptions related to mine access and design
Updated geological modeling based on the most recent drilling (Drill Hole CC-9), which is not incorporated into the current Mineral Resource estimate
Continued progress in the areas of environmental baseline monitoring
Continued stakeholder engagement
Ongoing work with potential vendors and suppliers
Targeting completion of the Feasibility Study in the first half of 2023