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 > What happens

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Comment by Zephyron Mar 20, 2023 7:08am

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Post# 35348284

RE:What happens

Cash balance @ end of Q3 was $6.4 million. Annual average burn rate for op ex is just over $500k.

At worst they likely have some minor drilling programs over the next couple years.

By the time they need to raise cash, either (i) share price may may settled or (ii) cash from SALT will be retained.

Still trying to spook the newbies, eh?

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