Atlas Salt(TSXV:SALT)

Atlas Salt is focused on sustainable mining with a strategic location and innovative design.

Investor website: https://atlassalt.com/

About

Atlas Salt is focused on sustainable mining with a strategic location and innovative design. The company is developing North America's premier undeveloped high-grade salt project, the Great Atlantic Salt Project, which is strategically located next to a deep water port and features a massive homogeneous high-grade NI-43-101 resource. Atlas Salt aims to contribute significantly to the North American salt market while prioritizing environmental stewardship and community engagement.

Verified company data

Cash position
$10.4 M
Shares outstanding
110.7 M
Fully diluted shares
119.0 M
Mineral resource
NI-43-101 independently verified salt resource featuring 383 Mt Indicated (grading 96.0% salt) and 868 Mt Inferred (grading 95.2% salt). Within these resources, Mineral Reserves in the Probable category total 88.1 Mt at 96.0% salt. The updated Mineral Resource estimate is in accordance with National Instrument 43-101 and is dated May 11, 2023. CIM (2014) definitions were followed for Mineral Resources. Mineral Resources are estimated without a reporting cut-off grade. Reasonable Prospects for Eventual Economic Extraction were instead demonstrated by reporting within Mineable “Stope” Optimised (MSO) shapes, with a minimum height of 5 m, minimum width of 20 m, length of 40 m, and minimum grade of 90% NaCl, with a 5 m minimum pillar width between shapes. Bulk density is 2.16 t/m3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves. Salt prices are not directly incorporated into the Mineral Resource MSO minimum target grades, however, the mean Mineral Resource grades exceed the 95.0% NaCl (± 0.5%) specification outlined in ASTM Designation D632-12 (2012). Numbers may not add due to rounding.
Projects
["Great Atlantic Salt Project: Located in western Newfoundland, Canada, the Great Atlantic Salt Project is 100%-owned by Atlas Salt. The project features a high-grade, homogeneous salt deposit with significant mineral resources, including 383 Mt Indicated and 868 Mt Inferred. The project aims to develop a technologically advanced underground salt mine, utilizing inclined ramp access and continuous miners. The feasibility study indicates robust economics with a production target of 2.5 million tonnes per year over a 34-year mine life, with potential expansion to 4 million tonnes per year. The project is strategically located near a deep-water port, facilitating access to the eastern North American road salt market."]
Leadership
Nolan K. Peterson (CEO, An experienced MBA, Professional Engineer, PMP, and CFA Charterholder with over 20 years of experience in strategy, finance, corporate development and project development primarily within the mining, infrastructure and energy industries.), Jeff Kilborn (CFO, Mr. Kilborn joins the Company with a diverse background in mining and financial capital markets spanning over 20 years.), Robert Booth (VP, Engineering & Construction, Mr. Booth has successfully executed more than $1.5 billion in large capital projects over the past 7 years.), Andrew Smith (Project Director & General Manager, Andrew Smith is a seasoned mining engineering professional with a robust track record in underground mine construction projects.), Sherry Lynn Brake (Director of Finance, Sherry Lynn is an experienced finance and administration professional with more than 26 years of experience in the public sector and the mining industry in Newfoundland.), Patrick Laracy (Chairman & Director, Mr. Laracy is the founder of the company and has leveraged over $100 million of high risk exploration expenditures through equity and joint venture financings.), Rowland Howe (Director, Mr. Howe is a chartered Engineer with an impeccable 30-year background in the salt industry.), F. Carson Noel (Director, Mr. Noel is a former lawyer and business consultant with more than 20 years of experience with exchange listed companies.), Fraser H. Edison (Director, Fraser has experience in finance, construction, Oil and Gas, and transportation management.), Bob Kelly (Director, Mr. Kelly is a Professional Geoscientist, with over 40 years of comprehensive mining senior management experience.)

Verified data last updated: 2026-06-12

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