Atlas Salt Inc REMRF

Primary Symbol: V.SALT

Metals & Mining Industrial Metals & Minerals

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.

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Atlas Salt Inc > Massive raise needed - short?

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Comment by Toppicks1on Nov 13, 2023 10:24am

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Post# 35731818

RE:Massive raise needed - short?

TeamEddie wrote: With the cost of borrowing there is a high probability they will need a massive private placement lower than the current price, perhaps a large player takes a lot of it but we may see a 50% drop before production

Private placement could be coming but my thoughts are could be at a higher price.

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