Latest news with #AtlasSaltInc
The Market Online
18-07-2025
- Business
- 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
Associated Press
07-05-2025
- Business
- Associated Press
Atlas Salt Appoints Andrew Smith, P.Eng., ICD.D as Project Director & General Manager
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / May 7, 2025 / Atlas Salt Inc. ('Atlas Salt' or the 'Company') (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the appointment of Andrew Smith, ICD.D to the position of Project Director & General Manager for the Company's flagship Great Atlantic Salt Project. Since joining Atlas Salt in 2023 as Mine Project Manager, Mr. Smith has played a pivotal role in advancing the Great Atlantic Salt Project through the successful completion of the environmental assessment process, geotechnical drilling and field data collection, and significant progress toward securing provincial regulatory approvals for early works construction. His leadership has been instrumental in establishing rigorous project controls and governance frameworks while driving key permitting, financing, and procurement initiatives. In this expanded role, Mr. Smith will lead the integrated delivery of the project, oversee execution of the capital program, and guide operational readiness efforts. Near-term priorities include: Enhancing and executing the Project's integrated governance framework, management systems, and implementation strategy in preparation for construction. Collaborating with Endeavour Financial to advance the Company's project financing strategy and engagement with capital providers. Working with ICI Innovations and other technical partners to finalize construction-phase permits and regulatory approvals from the provincial authority, building on the project's prior release from the environmental assessment process. Supporting the Company's commercial strategy through the development and expansion of long-term offtake agreements. 'Andrew's appointment reflects the exceptional leadership, professionalism, and execution discipline he has brought to the Great Atlantic Salt Project' said Patrick Laracy, Chairman of Atlas Salt. " His expanded role is critical as we advance toward construction, ensuring we meet our objectives with the highest standards of safety, sustainability, and community engagement.' 'I am honored to take on this expanded role and lead the Great Atlantic Salt Project into its next phase,' said Andrew Smith. 'This is a world-class project, and I look forward to continuing to work alongside our partners, communities, and the Atlas Salt team to safely and responsibly build Newfoundland and Labrador's next major mine.' For further information and ongoing updates, please visit The scientific and technical information contained in this news release has been approved by Andrew Smith, ICD.D, Project Director and General Manager, who is a 'Qualified Person' for the purposes of NI 43-101. About Atlas Salt Inc. Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement. For information, please contact: Patrick Laracy, Chairman [email protected] (709) 739-9545 We seek safe harbor. Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking statements in this press release relate to, among other things: obtaining financing, completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of required permits, supply arrangements and financing. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. SOURCE: Atlas Salt Inc. press release
Associated Press
14-04-2025
- Business
- Associated Press
Atlas Salt Completes Geotechnical Drilling and In-Field Data Collection for Great Atlantic Salt Project
ST. JOHN'S, NL / ACCESS Newswire / April 14, 2025 / Atlas Salt Inc. ('Atlas Salt' or the 'Company') (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the successful completion of the geotechnical drilling and in-field data collection phase of its Geotechnical Drilling and Investigation Program at the Great Atlantic Salt Project in western Newfoundland. Data analysis and reporting activities remain underway, with final results anticipated in Q3 2025. Geotechnical Drilling and Investigation Program Milestones Robert Booth, Vice President of Construction & Engineering for Atlas Salt, commented: 'Completing the field portion of our Geotechnical Drilling and Investigation Program on schedule is a major achievement for the Great Atlantic Salt Project. The data we've collected will help us make informed decisions that reduce risk, and enhance both safety and cost efficiency as we move toward construction.' The Company, in collaboration with Terrane Geoscience Inc. and GEMTEC Consulting Engineers and Scientists Ltd, will now focus on interpreting the data collected, incorporating it into detailed design parameters for the decline and box cut. This crucial process, which is expected to conclude in Q3 2025, lays the groundwork for a safe and robust capital development plan that meets the Company's technical, environmental, and operational objectives. For further information and ongoing updates, please visit . The scientific and technical information contained in this news release has been approved by Andrew Smith, Mine Project Manager, who is a 'Qualified Person' for the purposes of NI 43-101. About Atlas Salt Inc. Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement. For information, please contact: Patrick Laracy, Chairman (709) 739-9545 We seek safe harbor. Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking statements in this press release relate to, among other things: obtaining financing, completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of required permits, supply arrangements and financing. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. SOURCE: Atlas Salt Inc. press release
Associated Press
03-03-2025
- Business
- Associated Press
Atlas Salt Submits Early Works Development Plan for Great Atlantic Salt Project
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / March 3, 2025 / Atlas Salt Inc. ('Atlas Salt' or the 'Company') (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the formal submission of the Early Works Mine Development and Rehabilitation and Closure Plan (the 'Early Works Development Plan') to the Department of Industry, Energy and Technology for the Government of Newfoundland and Labrador, for the Great Atlantic Salt Project (the 'Project') in Newfoundland and Labrador, Canada. The submission of the Early Works Development Plan marks a critical milestone in advancing the Project toward construction. This plan outlines the phased approach for site preparation and early-stage infrastructure development, ensuring regulatory compliance while de-risking key project components ahead of full-scale mine construction. Key Components of the Early Works Development Plan Site Preparation: Clearing and grubbing activities, stockpile pad grading, and initial earthworks to establish the mine site footprint. Primary and Secondary Access Roads: Construction of a 1.3 km primary access road from Steel Mountain Road and a 300 m secondary access route along the planned conveyor corridor. Surface Infrastructure: Development of laydown areas, temporary construction facilities, and essential utilities to support subsequent project phases. Sediment and Erosion Control Measures: Implementation of stormwater management systems, catchment ditches, and a temporary settling basin to mitigate environmental impacts. Regulatory Compliance and Permitting: Submission of required approvals for road access, site disturbance, and water management infrastructure, ensuring alignment with provincial environmental guidelines. The Early Works Development Plan enables Atlas Salt to initiate critical site activities ahead of full project execution, accelerating timelines for major construction phases. By proactively addressing key infrastructure and environmental management requirements, the Company aims to optimize the transition into mine development while maintaining a rigorous approach to regulatory compliance. Richard LaBelle, CEO of Atlas Salt, commented: 'The submission of the Early Works Development Plan represents another significant step in de-risking the Great Atlantic Salt Project and positioning Atlas Salt as a leading low-cost producer in the North American salt market. This milestone ensures we remain on track for the timely development of critical project infrastructure, paving the way for commercial production.' Pending governmental review and approval, Early Works construction is expected to commence in 2025, with subsequent phases progressing in alignment with the overall project schedule. For further information and ongoing updates, please visit About Atlas Salt Inc. Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement. For information, please contact: Richard LaBelle, CEO (709) 739-9545 We seek safe harbor. Cautionary Statement Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking statements in this press release relate to, among other things: obtaining financing, completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of required permits, supply arrangements and financing. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
