image of Welcome To The Future Of Salt Mining


Writer: Kevin Dwyer, CEO & Head Trader
October 20, 2023

DISCOVER ATLAS' REVOLUTIONARY SALT PROJECT: WELCOME TO THE FUTURE OF SALT MINING!

Salt has been a vital resource for centuries, essential for preserving food and ensuring safe winter roads. However, the salt mining industry has remained essentially unchanged for decades. That is until now. With its groundbreaking Great Atlantic Salt Project, Atlas Salt is revolutionizing salt mining for the 21st century. Welcome to the future of salt mining!

Atlas Salt is rapidly advancing its 100%-owned Great Atlantic Salt Project on the west coast of Newfoundland. This project aims to create a highly efficient, scalable, and environmentally friendly  Salt Factory to transform the salt market. With the feasibility stage underway, Atlas Salt is poised to become North America's first new salt mine in over 25 years.

A recently released independent Preliminary Economic Assessment has revealed the tremendous potential of the Great Atlantic Salt Project. Based on a conservative revenue model, the assessment predicts a pre-tax IRR of 22% and an NPV(8) of $909 million (CDN) over 30 years. These impressive results demonstrate the project's financial viability, with low-cost production estimated at $23.81 per tonne FOB starting in Q4 2022.

The global salt market is projected to reach over $32 billion by 2026, and North America faces a domestic shortfall in road salt production. The existing salt mines in the region are experiencing declines in production, making the need for a new salt mine urgent. Atlas Salt aims to address this gap by bringing on a highly efficient salt mine valued at a conservative Net Present Value of over $1 billion. This valuation, along with the feasibility data provided, solidifies Atlas Salt as a potential investment no-brainer.

The Great Atlantic Salt Project is strategically located adjacent to a port, providing easy access to vital waterways. This prime location positions Atlas Salt to cater to the road salt needs of the eastern seaboard of the United States and Canada. With severe winter storms and the increasing impacts of climate change, the demand for road salt is expected to rise significantly in the coming years. Atlas Salt's mine has the potential to be a reliable and sustainable source of road salt, ensuring the safety of roads and highways for generations to come.

The feasibility study conducted by renowned firm SLR Consulting further highlights the economic potential of the Great Atlantic Salt Project. The study shows an Internal Rate of Return (IRR) of +23%, a Net Present Value (NPV) of CAD$1.017 billion, and a payback period of 4.2 years. These figures and the estimated mineral resources and reserves demonstrate the project's robustness and long-term profitability.

With the appointment of Rick LaBelle as CEO, Atlas Salt has strengthened its leadership team and injected fresh energy into the company. LaBelle brings an impressive track record in the mining sector, with over 40 years of experience and a history of unlocking shareholder value—his expertise and strategic vision position Atlas Salt for success.

In conclusion, Atlas Salt's Great Atlantic Salt Project is a game-changer in the salt mining industry. With its innovative approach, environmentally friendly practices, and strong financial outlook, Atlas Salt is poised to disrupt the market and become a significant player in the industry. Investors can get on board with this revolutionary project early on, taking advantage of the considerable potential for growth and profitability. Welcome to the future of salt mining with Atlas Salt!

 

Full Disclosure: we own the stock: https://www.minestockers.com/Atlas-Salt-Inc.html  

 

 





















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