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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 general360on Jan 29, 2024 6:29pm
122 Views
Post# 35851565

RE:RE:RE:what is the reason for delayed EA?

RE:RE:RE:what is the reason for delayed EA?
thanks zephyr, that's what i remember.  they did say publicly that they would be submitting by years end, 2 months before year end.  and they missed the deadline.  by a month now. thats 3 months and counting since this article was out committing to year-end.

they published a schedule in the FS, gotta go by those timelines.  so far they're not exactly hitting deadlines let alone shortening them.  and there are 2 deadlines: self imposed and external estimates from SLR. so far not impressed w/ the self imposed deadline.

they did say here: https://atlassalt.com/strategic-project-execution-plan-implemented-for-the-great-atlantic-salt-development/  on Jan8:


"Further refining the Feasibility Study (FS) Budget and Schedule to establish a Level III baseline schedule and budget for project execution."

so maybe they'll shorten the timeframes... by how much, who kows.  i get that the SLR report is a conservative timeframe, it'll be interesting to see if they/SALT publish something showing accelerated timelines.  not that id believe it based on... evidence!!

you'd think someone of us would have the inside scoop: oh the government wanted another study, or someone to validate the data or blah blah. instead, i have a

1-month delay and counting
overall timelines are quite long and they're tring to shorten it. not sure i want to talk time w/ them ever again, i got enuf data on this topic: they're not to be trusted w/ their own time estimates let alone SLR's.
down 70+ percent overall, NOT HAPPY.
down 20% in only a month or so, but thats on me for trying to catch a falling knife!  everything else is on them!

for some reason i'm souring on this...  i cant be the only one! demoralizing to add up and see LOTS of red...

c'mon MR SALT, do something!
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