Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 StewartCatsoon Oct 13, 2023 2:30pm
182 Views
Post# 35682745

RE:RE:RE:For What It's Worth

RE:RE:RE:For What It's Worth
Spencerlee wrote: I'd say your calculations are off.  ..... at most it would take is two years.... and that would also include if there was some sort need for indigenous approval... Which I don't think coincides with this at all. So give or take 600 days would be considered consevative... And thats dependant on if there's federal or provincial hands on this.. also dependant if they had already put the ball in motion some way or another last year with starting it..... things can definitely be expedited quicker or slower.. My 2 cents. 


We are in agreement. As I clarified in a subsequent post, the baseline studies are completed and there is a savings of 1 year for Environmental and Permits.


Based on the FS (Page 24-6 & 24-7)...

The Project is scheduled to take 55 months to permit, engineer, procure, construct, and commission, commencing in September 2023 and reaching practical completion in March 2028, with ramp-up and performance testing occurring from April to October 2028. The Critical Path (CP) for the Project, assuming a start date of September 1, 2023, primarily involves navigating through the regulatory procedures necessary for obtaining environmental approval and construction permitting. To expedite this process, it will be essential to appoint a specialized Environmental and Permitting Consultant.

The current working assumption is that the Project will require approval of an Environmental Preview Report (EPR), which will then be followed by the permitting phase. Once the Project receives the Certificate of Approval for Construction, bids for the bulk earthworks, including the access road and terracing, will be evaluated and awarded. Construction activities will commence after the thaw of the spring season. Subsequently, the construction CP will encompass various mining activities required to establish the box cut and develop the conveyor access declines, which will be completed by the appointed mining contractor. This phase will be followed by the excavation of the process plant chamber on 240 Level and the completion of the declines down to the 320 Level. The CP will then transition to underground construction works, involving the installation of conveyors (including foundations, structural steel, and mechanical components). In parallel to this, the Project will proceed with the construction of the Plant Area, specifically focusing on the installation of mechanical equipment, platework, electrical systems, and instrumentation. Once the plant is fully constructed and feed from mining is established, the commissioning phase will begin, leading into a six month production ramp-up and performance testing period. Figure 24-4 presents the Project summary schedule.
<< Previous
Bullboard Posts
Next >>