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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 Zephyron May 03, 2023 11:23am
118 Views
Post# 35427575

RE:Triple Point

RE:Triple PointI doubt any suitor of SALT would want the domes. If anyone is interested in the domes, it would be one of the larger firms looking to development green hydrogen on the West Coast of NL. I suspect TPR management are waiting to see if anyone of the large firms (World Energy, Fortescue, etc.) is interested in the domes 'as is' (undeveloped) after the Province of NL announces the successful bidders in the land rights lottery for wind energy/hydrogen development (expected by the end of June, if I recall). In this scenario, TPR never lists and sells.

Alternatively, if the hydrogen goes ahead and no firm wants to own  the domes outright, TPR could develop and lease storage space to interest parties in the industry. In this scenario, TPR will finalize the listing and raise funds to develop the asset if its economically feasible.
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