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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 nedstar71on Apr 20, 2024 3:19am
229 Views
Post# 35999319

RE:RE:RE:another hurdle jumped

RE:RE:RE:another hurdle jumped Partnerships and to a small extent off take agreements should do much of the heavy lifting imo.  Not that a partnership isn't dilution mind you. If current shareholders come out with even 25% of the producing mine in the end it would still be a huge windfall.  Bank financing is quite possible AFTER a legitimate partner gets involved.  The bank isn't lending Atlas Salt much of anything going it alone.  I don't see Atlas just issuing hundreds of millions of shares in a financing either though.  That would be insane. 
Either way this is great news and Rick seems like the person to get it done.  Glad most of the stupid interviews are a thing of the past, although I'm guessing this news may spark one or two.  Hopefully it isn't too cringeworthy.  They're always targeted to the lowest rung of the investment community.  
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