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Atlas Salt

TSXV:SALTLive AI agent

Atlas Salt is developing the Great Atlantic Salt Project, North America's first new salt mine in nearly three decades.

Investor website: https://atlassalt.com/

About

Atlas Salt is developing the Great Atlantic Salt Project, North America's first new salt mine in nearly three decades. Located on Newfoundland's west coast, the project benefits from strategic infrastructure, innovative design, and a commitment to sustainable mining practices. The mine is designed for battery-electric equipment and aims to produce 4.0 million tonnes per annum (Mtpa) while maintaining industry-leading low greenhouse gas emissions.

Verified company data

Cash position
$10.4 M
Shares outstanding
110.7 M
Fully diluted shares
119.0 M
Mineral resource
The Great Atlantic deposit is a flat-lying, laterally extensive, high-purity halite formation with minimal insoluble content. The Mineral Resource estimate is unchanged from the 2023 FS, with a new effective date of September 30, 2025. Indicated: 383 Mt at 96.0% NaCl (contained NaCl: 368 Mt); Inferred: 868 Mt at 95.2% NaCl (contained NaCl: 827 Mt). CIM (2014) definitions followed. Mean grades exceed the 95.0% NaCl (±0.5%) ASTM D632-12 specification. Resources are inclusive of reserves; resources that are not reserves do not have demonstrated economic viability. Horizon-level detail in the Technical Report.
Projects
["Great Atlantic Salt Project: Located near St. George's, Newfoundland, the Great Atlantic Salt Project is North America's only FS-stage salt project. It is a long-life, electric-based operation accessed through inclined ramps instead of vertical shafts, next to a deepwater port, confirmed by an independent Updated Feasibility Study. The project aims to develop an underground operating mine capable of producing 4.0 Mtpa of rock salt over a 24-year mine life. The project has a post-tax NPV₈ of $920M, a post-tax IRR of 21.3%, and an initial capital cost of $589M. The mineral resource estimate includes 383 Mt Indicated at 96.0% NaCl and 868 Mt Inferred at 95.2% NaCl, with Probable Mineral Reserves of 95.0 Mt at 95.9% NaCl. The project is strategically positioned to serve the North American market, with direct access to tidewater shipping routes."]
Leadership
Nolan K. Peterson (Chief Executive Officer & Director, 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. Nolan was a senior leader in the successful delivery of the New Afton, Rainy River, and Hope Bay mining projects.), Mark Stewart (Chief Financial Officer, Brings more than 25 years of executive finance experience across public mining and industrial companies, including senior finance roles with Yamana Gold, Barrick Gold, and Aritzia.), Robert Booth (Chief Operating Officer, Has successfully executed more than $1.5 billion in large capital projects over the past 7 years, most recently with Newmont, demonstrating operational excellence and high standards of cost and quality control.), Andrew Smith (Director of Project Strategy & Execution, A seasoned mining engineering professional with over a decade of experience in mining engineering and project management, specializing in project controls and contract management.), Sherry Lynn Brake (Director of Finance, An experienced finance and administration professional with more than 26 years in the public sector and mining industry, holding a Bachelor of Commerce degree and CPA designation.), Patrick Laracy (Chairman & Director, Founder of the company with over 30 years of industry experience, leveraging over $100 million of high-risk exploration expenditures.), Rowland Howe (Director, A chartered Engineer with a 30-year background in the salt industry, previously Mine General Manager at Goderich, leading it to become the largest and most profitable salt mine in North America.), F. Carson Noel (Director, A former lawyer and business consultant with over 20 years of experience with exchange-listed companies.), Fraser H. Edison (Director, Has experience in finance, construction, oil and gas, and transportation management, currently President and Chairman of the Board of Rutter Inc.), Bob Kelly (Director, A Professional Geoscientist with over 40 years of mining senior management experience, including roles at the Iron Ore Company of Canada and Teck.)

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