Atlas Salt(TSXV:SALT)

Atlas Salt is focused on developing North America's premier undeveloped high-grade salt project, the Great Atlantic Salt Project.

Investor website: https://atlassalt.com/

About

Atlas Salt is focused on developing North America's premier undeveloped high-grade salt project, the Great Atlantic Salt Project. The company emphasizes strategic location, innovative design, and sustainable mining practices, aiming 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 final drill hole (CC-9) leading into the Feasibility Study cut a gross interval of salt over 333 meters (1,092 feet) starting from a depth of 243 meters. 2022 drilling did not find the limits of this minimum 2.5-km-long deposit trending northeast toward the Turf Point Port. Great Atlantic and Compass Minerals’ Goderich mine share similar geological characteristics, though the mining depth at Goderich is 600 meters under Lake Huron which is accessed through three vertical shafts. The deposit at Great Atlantic starts at a depth more than 300 meters shallower than Goderich and features a salt bed that is thicker than Goderich by orders of magnitude. Note: In its August 2023 Feasibility Study, SLR Consulting Canada (Ltd.) updated the Great Atlantic Mineral Resource estimate. The Mineral Resource estimate is in accordance with National Instrument 43-101 and is dated May 11, 2023.
Projects
["Great Atlantic Salt Deposit Highlights: “Some of the best salt cores I’ve seen in my 30-year career” – Rowland Howe. High-grade, homogeneous, very thick and large, and unusually shallow by industry standards; 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 (refer to note below); Each widely-spaced completed drill hole in 2022 encountered a thick salt bed at varying depths between approximately 250 meters and 335 meters; The final drill hole (CC-9) leading into the Feasibility Study cut a gross interval of salt over 333 meters (1,092 feet) starting from a depth of 243 meters. It was collared approximately 250 meters east of previous easternmost drill hole CC-4; 2022 drilling did not find the limits of this minimum 2.5-km-long deposit trending northeast toward the Turf Point Port; Great Atlantic and Compass Minerals’ Goderich mine (in operation since the 1950’s) share similar geological characteristics, though the mining depth at Goderich is 600 meters under Lake Huron which is accessed through three vertical shafts; The deposit at Great Atlantic, which will become the first major salt deposit in North America accessed through inclined ramps, starts at a depth more than 300 meters shallower than Goderich and features a salt bed that is thicker than Goderich by orders of magnitude."]
Leadership
Nolan K. Peterson (Chief Executive Officer, 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.), Robert Booth (VP, Engineering & Construction, Mr. Booth has successfully executed more than $1.5 billion in large capital projects over the past 7 years, most recently with the world’s largest gold mining company (Newmont).), Andrew Smith (Project Director & General Manager, Andrew Smith is 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, 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: 2026-07-03

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