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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

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 Zephyron Mar 20, 2023 8:55am
113 Views
Post# 35348422

RE:RE:RE:What happens

RE:RE:RE:What happensSalt being bought into production would be done on a debt basis, predominantly. This has the advantage from a tax perspective in that interest will reduce taxes at the 30% level. In addition, interest during construction can be expensed immediately thereby increasing tax loss carry-forwards that can also be used to to reduce the effective tax rate  nil in the early years (5-6) of production.
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