Atlas Salt Inc
Capital Structure
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in mil. unless spec.Working Capital
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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.Company Description
- CEO
- Nolan K. Peterson
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 2 School Road St. George's NF Canada A0N 1Z0
- IPO Date
- Aug 17, 2012
- Website
- atlassalt.com
- Similar Companies
- Business
- Atlas Salt Inc. is a development-stage Canadian mining company focused on advancing the Great Atlantic Salt Project located in St. George's, Newfoundland and Labrador. The company specializes in the production of high-purity underground rock salt primarily for bulk de-icing applications in the northeastern United States and eastern Canada. Its core products include mechanically mined de-icing salt and associated bulk salt products distributed via a dedicated marine terminal. The company’s production approach leverages a shallow, flat-lying salt deposit that enables drift mining rather than more capital-intensive vertical shaft mining, positioning it competitively on the cost curve. Recent major developments include a strategic partnership with Sandvik Mining and Rock Solutions, under which Atlas Salt will acquire advanced electric underground mining equipment including continuous miners, roadheaders, battery-electric haul trucks, loaders, and bolters. Sandvik also offered a $73 million financing arrangement to support this equipment acquisition and deployment. Another significant step is Atlas Salt’s signing of a comprehensive non-binding Memorandum of Understanding (MOU) with Hatch Ltd., appointing Hatch as the Lead Engineering Partner and Integrated Project Delivery (IPD) Partner for the project to enhance coordinated engineering and risk management. The company completed an updated feasibility study in 2025 confirming favorable economics with a post-tax net present value (NPV) of $920 million CAD and a 21.3% internal rate of return (IRR). The Great Atlantic Salt Project is strategically positioned less than 3 kilometers from the Turf Point deep-water port, enabling efficient bulk transport by Panamax vessels and three-day shipping to key markets compared to 2-3 weeks for foreign suppliers. The project is supported by 100% battery-electric operations powered by Newfoundland Hydro, eliminating greenhouse gas emissions and typical mining environmental impacts. Atlas Salt targets displacement of 30-40% of the North American salt demand currently met by imports from Chile and Egypt, aiming to supply governments and large commercial buyers across eastern Canada and the U.S. northeast with cost-effective, environmentally sustainable salt. The company was founded in 2019 and is headquartered in St. John’s, Newfoundland and Labrador. It remains focused on completing financing and advancing engineering and procurement to progress to construction and commercial production. Atlas Salt thus positions itself as a leading developer of a next-generation, low-cost, environmentally responsible salt mine with significant scale and strategic access to major North American salt markets.
Company News
Atlas Salt Reports Positive Nepheline Syenite Testwork Results and Advances Maiden Drilling at Black Bay
Market One Minute Feature on BNN Bloomberg: Atlas Salt Begins Construction of Great Atlantic Salt Project in Newfoundland
CEO.CA's Inside the Boardroom: Atlas Salt Featured in Mark Carney's Pitchbook at Investment Summit
Atlas Salt Featured in Canada Investment Summit Prospectus Providing Direct Exposure to Global Investors
Capital Tides 2026 Sets Sail September 10 with 26 Presenting Companies as Final Investor Seats Open
Atlas Salt Enters MOU with CN to Evaluate Logistics Opportunities to Optimize Great Atlantic Salt Project Economics
Market One: Atlas Salt Advances Eastern North America's First Major New Salt Mine in Decades
Atlas Salt erhält eine Absichtserklärung von Export Development Canada zur Finanzierung des Projekts Great Atlantic Salt von bis zu 150 Mio. C$
Atlas Salt Receives Letter of Interest from Export Development Canada up to C$150M for the Great Atlantic Salt Project Financing
Great Atlantic Salt Project: Atlas Salt informiert über den aktuellen Stand der Bauarbeiten, Genehmigungsverfahren und der Unternehmensentwicklung
Atlas Salt Provides Construction, Permitting and Corporate Update on the Great Atlantic Salt Project
CEO.CA Insights: Exclusive Interviews from THE Mining Investment Event 2026
Atlas Salt Announces Closing of $15 Million Bought Deal LIFE Offering
Atlas Salt annonce un financement par prise ferme de 10 millions de dollars aux termes de la dispense pour financement de l’émetteur coté (LIFE)
Atlas Salt Announces $10 Million Bought Deal LIFE Financing
Atlas Salt Announces $10 Million Bought Deal LIFE Financing
Atlas Salt Closes $1.25 Million Flow-Through Financing
Atlas Salt Announces $1.25 Million Flow-Through Financing
Video - CEO Clips: Atlas Salt: Newfoundland De-icing Supply Project Nears Construction
VIDEO - BTV Visits Atlas Salt, Graphene Manufacturing, Telescope Innovations, Nevada Organic Phosphate, Maple Gold, Intrepid Metals and Nine Mile Metals