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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 sorrensonon Mar 03, 2024 3:54pm
111 Views
Post# 35912208

RE:RE:RE:finally... next steps...

RE:RE:RE:finally... next steps...Here is the capital cost and financial analysis  . The plan is production begining Q3 2029  ( There is a comment say 2028 but all updated reports say q3 2029)  and up to full scale of 2.5 mts by year 4  ( 2033)    The theory is a  4 year roi so paid off in 2033 

The issue is the 450 million required to get this built This is preproduction .They have 12 million at end of 2023  I presume substantial share dilution will be required to pull this off. 

Capital Costs

Economic Analysis
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