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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 Nov 04, 2024 11:51am
87 Views
Post# 36295401

RE:New Press Release - Advancing the Great Atlantic Salt Project: Atlas Salt's Approach to EA Conditions and Permitting

RE:New Press Release - Advancing the Great Atlantic Salt Project: Atlas Salt's Approach to EA Conditions and Permittinghappy monday, i must have a bad case of the stooopids today...what is the point of this NR?

This NR speaks to the published graphic which already shows these timelines.  see the corporate fact sheet on the main web page.  slide 12 "de-risked development schedule",

the "Early Works Construction Permitting" phase  started Apr29 2024 and is scheduled to end Apr9 2025
the "Capital Construction Permitting" phase started Aug 20 2024 and is scheduled to end Apr 9 2026.

no timelines were updated in the NR.  to me this just provides the narrative behind the schedule graphic which has been on the books for many months now.  gotta go back and see if the FS discusses this, but i dont see any new info in here, just a fluffy reiteration of what's already out there?

the box cut and decline look like they'll start in MAY 2026? declines OCT 2026 (and declines to take a YEAR?)  drilling now for something that'll start in 2026?  that's a long ways away!


is this really an update?

is the only thing that'll move the SP going to be the financing news?  permitting going to be phased so we'll be dealing with this for a while

not what i was expecting...not moving up in anticipation of anything... i was gonna sink some more money into this but this really is dead money, until it isn't!  if i had bought it looks like i would've lost another 10% or more.

cmon team, lets get some juice into this, what's happening with the financing, we all wanna know that!!




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