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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, located on Newfoundland's west coast.

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 a strategic location with existing infrastructure, innovative design focused on sustainability, and aims to meet the growing demand for de-icing salt in North America.

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). Probable Mineral Reserves: 95.0 Mt at 95.9% NaCl (effective September 30, 2025).
Projects
["Great Atlantic Salt Project: 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. Construction would occur over three years, with access to the deposit via twin declines. Extraction uses the room-and-pillar method with continuous mining equipment. Salt is processed to size and grade in an underground crushing and screening plant, brought to surface via conveyor, and carried by overland conveyor to the existing Turf Point port for loading onto ships destined for Canadian and American markets. The project has a post-tax NPV₈ of $920M, a post-tax IRR of 21.3%, and a payback period of 4.2 years. The initial capital is $589M with an average annual post-tax cash flow of $188M over a 24-year mine life."]
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 broad executive finance leadership across public mining and industrial companies. Most recently served as Director, Enterprise FP&A at Teck Resources.), 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.), Andrew Smith (Director of Project Strategy & Execution, A seasoned mining engineering professional with a robust track record in underground mine construction projects. He specializes in project controls and contract management.), Sherry Lynn Brake (Director of Finance, 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, The founder of the company with over 30 years of industry experience in various technical and executive capacities.), Rowland Howe (Director, A chartered Engineer with a 30-year background in the salt industry, previously Mine General Manager at Goderich.), F. Carson Noel (Director, A former lawyer and business consultant with more than 20 years of experience with exchange-listed companies.), Fraser H. Edison (Director, Has experience in finance, construction, oil and gas, and transportation management.), Bob Kelly (Director, A Professional Geoscientist with over 40 years of comprehensive mining senior management experience.)

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