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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 Redrum180on Jun 07, 2023 10:03am
134 Views
Post# 35484215

RE:Getting Closer

RE:Getting CloserThank you for your insights on the current board's makeup.

This company popped off the page when I did my DD.  A massive deposit which is not going to be difficult to mine; ideally located logistically; a 30 year mine life of a recession proof mineral (there's no shortage of icy precipitation in Canada, I've been told :)  They spun out another major property  to Triple Point and own several other interesting projects.  

You mentioned that John Anderson was the only one whose cv qualified him to be on the board.  Do you credit Rowland Howe at all?  Their website says he was the mine general manager at Goderich, "the largest and most profitable salt mine in North America taking Compass Mineral's operation from 3.5 million tonnes per year to 7.5 million tonnes--an annual record that has yet to be surpassed..."  No small achievement there.

In any event, I'm sure you're more familiar with the company than I am.  To me it looks like there is plenty of upside potential in this company.  

GLTA


peration from 3.5 million tonnes per year to 7.5 million tonnes – an annual record that has yet to be surpassed. He is currently President of the Goderich Port Management Corporation.



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