Atlas Salt Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Nolan K. Peterson
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 333 Duckworth Street Saint John's NF Canada A1C 1G9
- IPO Date
- Jun 18, 2021
- Website
- atlassalt.com
- Similar Companies
- Business
- Atlas Salt Inc. (TSXV:SALT; OTCQB:REMRF) is a Canada-based mineral exploration and development company focused on industrial minerals, principally the advancement of its 100%-owned Great Atlantic Salt Project in western Newfoundland. The Great Atlantic Salt Project features North America's largest undeveloped high-grade salt deposit, a shallow homogeneous NI 43-101 resource of high-purity rock salt (95.9% NaCl) suitable for road de-icing and industrial applications; the company plans underground mining using continuous miners, battery-electric haul trucks, and automated conveyor systems to a dedicated port facility 2 km away, targeting initial steady-state production of 4.0 million tonnes per annum over a 24-year mine life with potential scalability to match extensive inferred resources of 868 million tonnes. Atlas Salt also holds early-stage interests in a gypsum project (open-pit potential at the Ace deposit, 3 km southwest of Great Atlantic) and a nepheline syenite property near tidewater in southern Labrador; operations target Eastern North American markets including the US East Coast, Quebec, New England, and Maritime Provinces, leveraging proximity to the Trans-Canada Highway, existing power infrastructure, and deep-water port access for low-cost logistics and industry-leading low GHG emissions (approx. 950 t CO2e per million tonnes produced). Founded in 2011 and headquartered in St. John's, Newfoundland and Labrador, the company changed its name from Red Moon Resources Inc. in August 2021 to reflect its salt focus. Recent developments include an enhanced updated feasibility study released in September 2025 confirming robust economics with $81.67 per tonne salt pricing; a strategic partnership with Sandvik announced in September 2024 providing $73 million in non-binding financing for advanced electric mining equipment; a memorandum of understanding with Scotwood Industries, the largest US packaged de-icing salt distributor, for 1.25-1.5 million tonnes annually; a CAD 8 million private placement financing agreement in October 2025 led by Raymond James and Ventum Financial; and adoption of Oracle Primavera Cloud, Aconex, and NetSuite in January 2025 to optimize project timelines and costs for the Great Atlantic development targeting first production around 2028-2030.
Atlas Salt (OTC:REMRF) Stock Price Up 3.4% – Should You Buy?
Atlas Salt Signs Strategic MOU with Hatch as Lead Engineering and IPD Partner for the Great Atlantic Salt Project
Atlas Salt Announces Filing of NI 43-101 Technical Report for the Updated Feasibility Study of Its Great Atlantic Salt Project
Atlas Salt Signs Memorandum of Understanding with Continental Conveyor for Material Handling Systems at the Great Atlantic Salt Project
Atlas Salt Announces Closing of Brokered LIFE Private Placement and Participation of Strategic Investor
Atlas Salt Announces Order Book Interest Exceeding Targeted Gross Proceeds of $8,000,000 on LIFE Private Placement
Atlas Salt Announces LIFE Private Placement Targeting Gross Proceeds of up to $8 Million
Vulcan Minerals Inc. - Atlas Salt Inc. Releases Enhanced Updated Feasibility Study on the Great Atlantic Salt Project
Atlas Salt Announces Updated Feasibility Study with Enhanced Results for the Great Atlantic Salt Project; $920M Post-Tax NPV8 and 21.3% Post-Tax IRR
Atlas Salt Issues Compensation Securities
Atlas Salt Supports Memorial University Researchers with their Passive Array for Critical Minerals on the Island of Newfoundland
Atlas Salt Receives Letters of Interest for Great Atlantic Salt Project Financing and Provides Financing Update
Government of Newfoundland and Labrador Approves Early Works Development Plan for the Great Atlantic Salt Project
Atlas Salt is Advancing the Great Atlantic Salt Project with an Updated Feasibility Study
Atlas Salt Welcomes New Executive Management Team
Atlas Salt Appoints Andrew Smith, P.Eng., ICD.D as Project Director & General Manager
Atlas Salt Issues Stock Options
Atlas Salt Completes Geotechnical Drilling and In-Field Data Collection for Great Atlantic Salt Project
Atlas Salt Appoints New Director
Atlas Salt Provides Comprehensive Development Update on Great Atlantic Salt Project