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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 11:52am
159 Views
Post# 35427679

RE:RE:RE:Triple Point

RE:RE:RE:Triple PointIf the asset (TPR domes) has a liklihood of being bought out by one of the hydrogen players, there's no incentive to list it. There is ample cash from the PPs to fund interim operations and publicly listing a company that's waiting to see if its only asset gets bought, in the near term (June 2023), would be impractical. Management would impose of bunch of public reporting requirements while they 'wait and see' and all to say 'there is nothing to see here'.

However, if it makes sense for TPR to develop the domes and carry on the business of leasing storage space to hydrogen participants, then you will see the listing finanlized and capital raising commenced, IMHO.

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