Progressing Canada's Great Atlantic Salt Project towards production
The following is a transcription of the above video, and The Market Online has edited it for clarity
Lyndsay: I think right out of the gate, you know, the question that is on a lot of people's minds is really what makes the Great Atlantic Salt Project such a standout opportunity, both in terms of its economics and the potential to expand that resource over time.
Nolan: For new investors, I think one of the most attractive things is that it's a novel project, right? It's something that they're not familiar with. Salt is a new concept for them, but it's something that's integral to their lives if they're in North America or northeast United States in eastern Canada. And we are planning to build a major world class operation on the west coast of Newfoundland that will satisfy that market need. So this is a tremendous asset. It's very shallow. It's easy to develop. It's near all sorts of critical infrastructure that you require to build a mine, and it has fantastic economics. We have a feasibility study, as you mentioned, and we have a completed environmental assessment that has allowed us to start acquiring some permits, which we have already received.
Lyndsay: Nolan, you touched on it a little bit, but let's push forward just a little further with that jurisdiction, as we know, is key to mine development. Now, can you walk us through what it's like building a project of this scale in Newfoundland and how that's shaped your permitting experience so far?
Nolan: So, Newfoundland, as many of your watchers, and as you and I know, is a great mining jurisdiction. Of course, Canada is a great mining nation, and we are strategically located on the west coast of Newfoundland. We're three kilometers away from a deep water port, which is very important when you're moving large quantities of bulk material like we are with salt. We have a very green and clean project that has acquired very strong support in the local communities, from the local regulators. We have an approved environmental assessment, as I mentioned, which is a testament to that.
This is a project that people want built. It's a project that we want to build. And I just want to mention the greenhouse gas portion is key on mining development and key question that a lot of investors have for mine development and regulators. We're a 100% battery electric vehicle operated site tied into hydroelectric power. So that allows us to have the greenhouse gas emissions of four Newfoundland households a year. And our primary strategy is to displace imported salt from foreign jurisdictions. And so that has its own greenhouse gas offsets as well.
Lyndsay: What a great kickoff to all of it. I want to flip over just a little bit here and just talk about your recent approval for early works. It is a major step, not necessarily to signal a start of construction tomorrow, but the question here is, how does that permit help advance the project and strengthen your position with potential financiers?
Nolan: Absolutely. It's a great question. You look at many projects in the mining industry, and they are stuck in the environmental assessment process, or they have challenges with community relations, or challenges getting permits, or they're waiting for government changes or anything of that nature. So anytime you can bring a project to market like we have that shows that it can get permits, get them on an established timeline, in a great jurisdiction like Newfoundland, that is a vote of confidence into the market and to potential financers on the debt and equity side and investors themselves, right? They know that they're investing in something that not can be built but will be built when the time is appropriate.
So, the early works permit allows us to put in place critical infrastructure that will allow us to do the main portion of construction once the timelines line up on the financing and the construction side.
Lyndsay: As you continue to de-risk the project, Nolan, what are the major value driving milestones on the horizon that investors really should be paying attention to over the next 12, even 24 months from now?
Nolan: Actually, a lot sooner than that. We expect to, as we get things going, so further permits, we are looking to sign strategic deals with potential partners on the off-take side which will be the purchasers of our product. Also we're in the process of an updated feasibility study at the moment, which we expect to have the potential to increase and accelerate throughput through the facility. So the original feasibility study was designed for 2.5 million tons per year, but inside the capital cost was equipment specifications that could allow it to push towards four. And this is all public, so we're working as aggressively as we can to see how close we can get to those kinds of targets and push past the original production target. So these are all exciting developments. All of these things make a project more attractive, de-risk it and make it a very good project for investors to turn their eyes towards.
Lyndsay: What about your financing then? What can you share about your current strategy to secure both debt and equity and your confidence on how you're going to bring that right capital partner to the board?
Nolan: We're working with Endeavor Financial. This was announced late last year and they've been working diligently over the past few months on putting together our proposal to debt financiers. So they'll be the ones that come in with the largest component of project financing on the debt side.
This is open to very large funds that are attracted and very large global funds that are attracted to infrastructure type projects like ours with very long lives, very strong cash flows. So, we're talking after tax free cash flows of over a hundred million dollars per year, life of mine, indicated by our feasibility study. So once that's in place, we expect that to be a compelling story to bring to equity financing partners. So it's a little process of moving things up in parallel. I just joined the company a month ago.
We're putting together those plans and redeveloping them and reassessing them, but ultimately when you have a very fantastic asset like we have with so much work that's been done to de-risk it, it makes selling that side of the story much, much easier for me and the team.
Atlas Salt trading on the Venture under the symbol SALT. They've got the assets, they've got permits, and a clear path to build. Now it's about execution.
Learn their full story at atlassalt.com
Join the discussion: Find out what everybody's saying about this stock on the Atlas Salt Inc. investor discussion forum, and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Market Online
2 days ago
- The Market Online
dynaCERT's emissions-cutting tech now deployed at a major port in France
dynaCERT Inc. is taking its HydraGEN™ technology global and this time, it's landed in one of Europe's major shipping corridors. The company just announced its emissions-cutting tech is now deployed at the Port of Rochefort-Tonnay in France, a serious move into industrial-scale decarbonization at one of the continent's key logistics hubs. Lyndsay Malchuk recently sat down with Kevin Unrath, the Chief Operating Officer of dynaCERT, a company rewriting the playbook for clean tech in heavy industry. He's here to talk about the rollout, what it means for adoption, and where they're going next. The following is a transcription of the above video, and The Market Online has edited it for clarity Lyndsay: Kevin, let's get right into it. HydraGEN™ is now live at the major French port. How big of a statement is this deployment for the industrial side of your business? Kevin: Basically, this deployment in the port over in France is a major milestone, especially for our France distributor, as it marks his first intro in the off-road applications and into the industrial environment. Over there in France we already have proven success in a lot of transportation fleets across the whole country and across a wide range of truck manufacturers. Now, by integrating HydraGEN™ into a crane operation, we are demonstrating broader potential also in that country, not only across the world and globally, and not only in Canada, North America, or maybe let's say our European hub here in Germany. It shows that reducing emissions and saving fuel is possible even in demanding industrial settings as this harbor. Lyndsay: Kevin, let's be honest here. The emission space is full of buzzwords and broken promises. We all know that. So what makes this rollout real? What kind of impact is it actually delivering in the field? Kevin: What makes it real basically is that this rollout is tangibly on the scientific approach. So what we always try to do is follow a scientific approach, which also means going into pre studies, going into trials with our customers, and also this implementation performed competitive gas emission measurements on the crane operations with and without HydraGEN™ before the final installation. And it allowed us to quantify the greenhouse gas reduction and fuel savings under real operating conditions already before we got into the final contracts and the installation, which is installed now. It's not a pilot anymore. That's important. Now, this is really a working measurable solution after a first pilot. Lyndsay: We all know too that ports are notorious for emission zones. Is this just the beginning of a broader play into European or global logistics? What's the vision beyond this port? Kevin: I think we have to differentiate the answer a little bit in two or three categories. So the first topic is definitely on the harbor side. It's our first public step to go in there. But as we see, it's already generating momentum. Also the celebration during the installation and everything is already showing high interest out of the harbor market to us. And we are already in several other port discussions, and we are looking forward to seeing maybe further follow up projects after this. Beyond this, we are seeing increased traction all across Europe. If we talk about logistics for sure, we talk about harbors, but for us also very important on that intermodal part of logistics. We also look on, for example, transport logistics on streets. So that means commercial vehicles and things like this, but also into intralogistic topics in harbors and other topics like forklifts and things like this. This where we are, we are seeing supported by our strong presence at the Bauma, which you also shared, and we had a joint video at our evening event. And even at the transport logistics only four to five weeks ago here in Munich, we had a real strong presence and we really see a lot of discussions coming out of this and a high interest in the market. So concluding your questions. Yeah, we are going deeper into these topics. We are more looking on the European market and also this is shown by the fact that I'm not only COO of the company internationally. I also, alongside this campaign, did take over the responsibility for the GMBH in Europe as Managing Director and taking care of the European business there. Lyndsay: Your tech is very innovative, and we all know with that type of tech, it usually faces some pushback from operators who don't want any downtime. So let's talk about that. What are you hearing on the ground from the people actually running the hardware? Kevin: The feedback from the operators is very positive. Let's say basically like this. The system integrates smoothly into your running applications. That's the most important point for them. So they do not want to have long down times for installation or getting to know the product. So this is why smoothly integration is very, very important for them. And users already see fuel savings from the beginning. So there is no time needed like a few months or something to realize the full fuel savings. It's basically an installation of two to three hours. It's an aftermarket product and you directly, if you switch on the truck or the harbor crane, again, you will see the fuel savings. There's also growing anticipation for upcoming carbon credit programs for sure, as we are working on the carbon credit side with VERRA also, and which will make HydraGEN™ installations even more financially attractive to all of the customers by having really the fuel saving, the emission reduction and the carbon credit generation. This adds another layer of value for the customers for sure, but also important for us, we are still looking on the environmental and economic effect of all our customers. Lyndsay: I want to dive a little bit deeper into the investor lens of things. I mean, how should we be thinking about this deployment? Is this a one-off win or the first domino in a bigger commercial wave? Kevin: No, for us looking onto Europe in general, but also looking on France in specific. In France alone, we have had already equipped a large number of different trucks across the country, so different brands, and we have proved from that the technology works. So this for us is now very, very important in the further, let's say succession on the market over here in Europe, which we are striving for. We have already proven that technology works across different engines, different fuels, including things like HVO also testing over here in Germany at some customers. So we see a broad range of success and this is exactly what we are trying and striving for further success. dynaCERT is now trading under the ticker DYA on the TSX. To learn more about how they're turning real-world logistics into a clean tech revolution, visit This is no longer about future potential. They're already plugged in and scaling up Company shares last traded at $0.155 Join the discussion: Find out what everybody's saying about this stock on the dynaCERT investor discussion forum, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
The Market Online
3 days ago
- The Market Online
A smart energy strategy that reinvests in growth while rewarding shareholders
Alvopetro Energy Ltd. (TSXV:ALV) has core natural gas assets in Brazil, a high-performing entry into Canada, and a balanced capital allocation strategy that reinvests in growth while rewarding shareholders. Alvopetro has turned disciplined operations into tangible returns. From multilateral drilling success to firm gas sales contracts, this company is proving that smart energy investing isn't just a tagline, it's a playbook. We caught up with Corey Ruttan, President and CEO of Alvopetro, to talk growth, gas, and how this company is staying profitable while scaling up. The following is a transcription of the above video, and The Market Online has edited it for clarity Lyndsay: Let's jump right in here if we can. I mean, with firm gas sales in Brazil up 41% in Q1 and long-term contracts locked in, how much running room remains in your current Brazilian infrastructure before capacity becomes a constraint? Corey: Obviously we had a really nice increase in our Q1 sales volumes and our goal this year through our drilling program is to increase that production again by at least another 25%. And our strategic infrastructure that we've built is already equipped to accommodate that additional capacity. Lyndsay: So then your 183-D4 well that encountered 61 meters of gas pay in Murucututu. How does this shift your view of the field's total productive potential and your near term development plans in Brazil? Corey: That well was a follow up to our very successful well that we drilled last year, 183-A3. We brought that on production in the second half of last year. And as expected the 183-D4 well like you said, encountered the same caruacu sands but structurally up dip by over a hundred meters. So, we're very excited about that well, we're just starting the completion now and we would expect to have the well on production by the end of August. And then following up on that, we've got several additional follow up locations that we can drill from existing well pads that are already pipeline connected to our strategic infrastructure. So, I really think we're uniquely positioned to quickly convert the successes into production and cash flow. Lyndsay: You've got high margin contracted natural gas sales in Brazil and a strong fiscal regime. What's the biggest competitive advantage you're leveraging in that market that investors might be overlooking then? Corey: I think we're really fortunate to be operating in a very good environment that combines an excellent level of geological prospectivity with an attractive fiscal regime. Our realized natural gas prices are about US $11 per MCF. So, to put that in perspective, that's about three times what the US natural gas prices are and it's over 10 times what Canadian companies are realizing right now. So, combine that with an effective royalty rate of about 6% and consider that we've got very low cost natural gas production. What it leads to is an industry leading operating net back margin that approaches about 90%. So on top of that, our project is eligible for a 15% income tax rate. So, this is about as good as it gets in our industry. And then like any business, if you have the highest margins, your business is stronger and more resilient. That's really our advantage. What it allows us to do is generate more cash flow off the same amount of production relative to our peers and then that helps drive our capital allocation model that you mentioned earlier where we're looking to balance returns to stakeholders and organic growth. So, and then the other part of the equation is really the strategic infrastructure that we've invested in helps support that growth plan and we feel like we're really well positioned both in Brazil and now also in Canada to implement our growth objectives. Lyndsay: I want to push that just a little bit further if we can and really uncover a lot more of that model that you've built around reinvesting roughly half of your cash flows into organic growth. I mean, how much of that capital is currently weighted towards advancing your Brazilian drilling profile versus scaling newer Canadian assets? Corey: To put it in perspective, we added the Canadian growth platform on I think February 5th of this year. And I'm excited to say we've already drilled our first two wells. They were both on production by early April. So, it really shows how quickly you can move. We've just completed drilling the third well and the fourth well is going to be finished shortly. So, since February we've been investing in both opportunities in parallel, but from a capital expenditure perspective, we're probably still about three quarters of our capital is probably going to our Brazilian assets right now. Lyndsay: So, then the remaining cash is returned to stakeholders. So, can you give us some details and tell us what investors can expect in terms of yield? Corey: With the increase in production that we saw in the first quarter, we did increase our dividend by 11% up to US 10 cents per share quarterly. And we did just finish paying that for the second quarter here as well. So, at our current share price, that translates into a yield of over 9%. And as we mentioned earlier, our strategy is obviously to continue to grow our business and with continued success, my expectation is that we can continue to grow the dividend commensurate with that success. Lyndsay: Corey, between price stability, infrastructure control and upside in untapped zones, what are the key catalysts right now in Brazil that investors should be watching for through the remainder of 2025? Corey: I think it's Brazil and Canada quite frankly and I think it's really a continuation of what we've already been showing to start this year off. As mentioned, our latest well the 183-D4 well is expected to be completed and on production here in August. So, I think investors can look forward to those results and then the results from the additional follow up wells that would come after that in Canada. I think, you know, the results from the first two wells are extremely exciting. They're well ahead of the expectations that we had set for ourselves when we entered into that opportunity and I hope investors can look forward to more of the same in that business, which is really off to a fantastic start. You can find Alvopetro Energy on the Venture under the symbol and you can learn more at their website Join the discussion: Find out what everybody's saying about this stock on the Alvopetro Energy investor discussion forum, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
The Market Online
18-07-2025
- The Market Online
Progressing Canada's Great Atlantic Salt Project towards production
Atlas Salt Inc. isn't waiting on a discovery. The resource is already in the bag. With a strong feasibility study, permits in place, and a real plan to fund construction through both debt and equity. This story is all about execution. The Great Atlantic Salt Project is gearing up to become one of Canada's cleanest, most strategic mine builds, and they're not wasting time getting there The following is a transcription of the above video, and The Market Online has edited it for clarity Lyndsay: I think right out of the gate, you know, the question that is on a lot of people's minds is really what makes the Great Atlantic Salt Project such a standout opportunity, both in terms of its economics and the potential to expand that resource over time. Nolan: For new investors, I think one of the most attractive things is that it's a novel project, right? It's something that they're not familiar with. Salt is a new concept for them, but it's something that's integral to their lives if they're in North America or northeast United States in eastern Canada. And we are planning to build a major world class operation on the west coast of Newfoundland that will satisfy that market need. So this is a tremendous asset. It's very shallow. It's easy to develop. It's near all sorts of critical infrastructure that you require to build a mine, and it has fantastic economics. We have a feasibility study, as you mentioned, and we have a completed environmental assessment that has allowed us to start acquiring some permits, which we have already received. Lyndsay: Nolan, you touched on it a little bit, but let's push forward just a little further with that jurisdiction, as we know, is key to mine development. Now, can you walk us through what it's like building a project of this scale in Newfoundland and how that's shaped your permitting experience so far? Nolan: So, Newfoundland, as many of your watchers, and as you and I know, is a great mining jurisdiction. Of course, Canada is a great mining nation, and we are strategically located on the west coast of Newfoundland. We're three kilometers away from a deep water port, which is very important when you're moving large quantities of bulk material like we are with salt. We have a very green and clean project that has acquired very strong support in the local communities, from the local regulators. We have an approved environmental assessment, as I mentioned, which is a testament to that. This is a project that people want built. It's a project that we want to build. And I just want to mention the greenhouse gas portion is key on mining development and key question that a lot of investors have for mine development and regulators. We're a 100% battery electric vehicle operated site tied into hydroelectric power. So that allows us to have the greenhouse gas emissions of four Newfoundland households a year. And our primary strategy is to displace imported salt from foreign jurisdictions. And so that has its own greenhouse gas offsets as well. Lyndsay: What a great kickoff to all of it. I want to flip over just a little bit here and just talk about your recent approval for early works. It is a major step, not necessarily to signal a start of construction tomorrow, but the question here is, how does that permit help advance the project and strengthen your position with potential financiers? Nolan: Absolutely. It's a great question. You look at many projects in the mining industry, and they are stuck in the environmental assessment process, or they have challenges with community relations, or challenges getting permits, or they're waiting for government changes or anything of that nature. So anytime you can bring a project to market like we have that shows that it can get permits, get them on an established timeline, in a great jurisdiction like Newfoundland, that is a vote of confidence into the market and to potential financers on the debt and equity side and investors themselves, right? They know that they're investing in something that not can be built but will be built when the time is appropriate. So, the early works permit allows us to put in place critical infrastructure that will allow us to do the main portion of construction once the timelines line up on the financing and the construction side. Lyndsay: As you continue to de-risk the project, Nolan, what are the major value driving milestones on the horizon that investors really should be paying attention to over the next 12, even 24 months from now? Nolan: Actually, a lot sooner than that. We expect to, as we get things going, so further permits, we are looking to sign strategic deals with potential partners on the off-take side which will be the purchasers of our product. Also we're in the process of an updated feasibility study at the moment, which we expect to have the potential to increase and accelerate throughput through the facility. So the original feasibility study was designed for 2.5 million tons per year, but inside the capital cost was equipment specifications that could allow it to push towards four. And this is all public, so we're working as aggressively as we can to see how close we can get to those kinds of targets and push past the original production target. So these are all exciting developments. All of these things make a project more attractive, de-risk it and make it a very good project for investors to turn their eyes towards. Lyndsay: What about your financing then? What can you share about your current strategy to secure both debt and equity and your confidence on how you're going to bring that right capital partner to the board? Nolan: We're working with Endeavor Financial. This was announced late last year and they've been working diligently over the past few months on putting together our proposal to debt financiers. So they'll be the ones that come in with the largest component of project financing on the debt side. This is open to very large funds that are attracted and very large global funds that are attracted to infrastructure type projects like ours with very long lives, very strong cash flows. So, we're talking after tax free cash flows of over a hundred million dollars per year, life of mine, indicated by our feasibility study. So once that's in place, we expect that to be a compelling story to bring to equity financing partners. So it's a little process of moving things up in parallel. I just joined the company a month ago. We're putting together those plans and redeveloping them and reassessing them, but ultimately when you have a very fantastic asset like we have with so much work that's been done to de-risk it, it makes selling that side of the story much, much easier for me and the team. Atlas Salt trading on the Venture under the symbol SALT. They've got the assets, they've got permits, and a clear path to build. Now it's about execution. Learn their full story at Join the discussion: Find out what everybody's saying about this stock on the Atlas Salt Inc. investor discussion forum, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
