Atlas Salt(TSXV:SALT)

Atlas Salt is North America's premier undeveloped high-grade salt project, strategically located to access major markets including the US East Coast and Maritime Provinces.

Investor website: https://atlassalt.com/

About

Atlas Salt is North America's premier undeveloped high-grade salt project, strategically located to access major markets including the US East Coast and Maritime Provinces. The company emphasizes innovative design and sustainable mining practices, featuring advanced technological innovations and a commitment to reducing 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 Mineral Resource estimate is in accordance with National Instrument 43-101 and is dated May 11, 2023. It includes 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 deposit is characterized by high-grade, homogeneous, very thick and large, and unusually shallow salt beds. The final drill hole leading into the Feasibility Study cut a gross interval of salt over 333 meters starting from a depth of 243 meters. The deposit is a minimum 2.5-km-long and trends northeast toward the Turf Point Port. The Great Atlantic deposit will become the first major salt deposit in North America accessed through inclined ramps, starting at a depth more than 300 meters shallower than the Goderich mine.
Projects
["Great Atlantic Salt Project: Atlas Salt’s Great Atlantic deposit, strategically located next to a deep water port, is expected to become North America’s first new salt mine in nearly three decades. It will be a unique and long-life electric-based operation accessed through inclined ramps vs. vertical shafts based on an independent Updated Feasibility Study (UFS) carried out by SLR Consulting (Canada) Ltd. The UFS builds on the 2023 Feasibility Study (2023 FS), incorporating optimizations in mine design, throughput, port logistics, and capital efficiency. The results confirm Great Atlantic as a large scale, high-purity, low-cost underground salt project strategically positioned to serve the North American 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: 2026-05-15

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