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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

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 Sep 11, 2024 9:36pm
70 Views
Post# 36219649

RE:RE:RE:RE:RE:RE:RE:RE:RE:Atlas Salt Enters Strategic MOU

RE:RE:RE:RE:RE:RE:RE:RE:RE:Atlas Salt Enters Strategic MOU
sorrenson wrote: There is a clown on CEO who spewed this proves there will be absolutely  no dilution  to build this project  . As usual all the cheerleaders  are dancing and flinging  poo on this amazing annoucement    hahahahahaha
TeamEddie wrote: understand clearly they have signed an MOU to allow them to buy equipment on a payment plan if they can establish credit worthiness 



Of course there will be dilution of some type or another, I'd guess it may just be in the form of a joint venture whereby current shareholders end up owning 25%-50% of the project moving forward.  I don't see any way it gets diluted by financing share issues for straight up cash to build.  Same thing of course but the partner route is highly likely.  You don't see this as the most likely path forwad?  I own no shares here by the way but am relookinig at it due to recent developments  
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