Atlas Advances Fischell’s Brook As Potential Energy Storage Spinout
Atlas Advances Fischell’s Brook As Potential Energy Storage Spinout St. John’s, Newfoundland and Labrador, November 17, 2021 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to provide an update on its 100%-owned Fischell’s Brook Salt Dome in western Newfoundland, approximately 15 km south of the Company’s flagship Great Atlantic Salt Project. Highlights: Given the rapidly growing interest in “green” hydrogen, energy storage and the renewable energy sector in general, driven in part by supportive policy actions by provincial, state and federal governments, Atlas management is aggressively proceeding with a planned spinout of its 100%-owned Fischell’s Brook Salt Dome for its underground energy storage potential. In management’s view, the location and volume potential of this salt dome combine to make it an advantaged asset in Atlantic Canada as the clean energy transition gathers momentum; The proposed spinout is being strategized in a way that aims to maximize value […]