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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

Post by jazzlistener2on Aug 24, 2023 3:13pm
231 Views
Post# 35604196

who will be the money guy

who will be the money guythey will need someone who can get the money to finance the mine. If they can get the Nfld government to guarantee the bank  loan it will be easy. Lots of jobs for the people there and taxes for the Nfld government. Would not cost a penny for the government since Atlas should easily pay off the loan themselves. Their tpr shares are unable to get any traction and are dormant. No collaterall there. Money is the grease to make things happen. I wonder if Pat has already talked to the powers in government  previously.  I would not doubt it.  I think the turning point , good or bad, will be where they get the money from. Limbo till then.
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