Month: August 2022

Stephenville Claims Form Part of Atlas’ Planned Upcoming Triple Point Spinout

STEPHENVILLE CLAIMS FORM PART OF ATLAS’ PLANNED UPCOMING TRIPLE POINT SPINOUT St. John’s, Newfoundland and Labrador, August 23, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to provide a corporate update with the leaders of Canada and Germany expected to sign a “Hydrogen Accord” at a news conference scheduled for early this evening (local time) in Stephenville, Newfoundland. In addition to its flagship Great Atlantic Salt Project, approximately 25 km south of Stephenville, Atlas owns 100% of the Fischell’s Brook salt deposit, Newfoundland and Labrador’s only known salt dome with clean hydrogen storage potential. Fischell’s Brook is part of a 226 sq. km land package outside of Great Atlantic on the west coast of Newfoundland, including 75 sq. km of claims covering Stephenville and the surrounding area, that forms the planned upcoming Atlas spinout of Triple Point Resources Ltd. Mr. Patrick Laracy, Atlas […]

Fischell’s Brook Salt Unit Interpreted to Extend to Depth of 2,400 Metres

FISCHELL’S BROOK SALT UNIT INTERPRETED TO EXTEND TO DEPTH OF 2,400 METRES St. John’s, Newfoundland and Labrador, August 4, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to provide the following update on its proposed spinout of 226 sq. km of mineral licenses in southwest Newfoundland, outside of its flagship Great Atlantic Project, highlighted by the Fischell’s Brook Salt Dome. Highlights: A Special AGM will be held August 31, 2022, to vote on the proposed Plan of Arrangement as per an information circular posted on SEDAR and mailed to Atlas Salt shareholders; Subject to receipt of Atlas shareholder, regulatory and court approvals, the Date of Record for the distribution of 23,750,000 Triple Point Resources Ltd. (“Triple Point”) shares will be on or about September 21, 2022. All Atlas shareholders qualify to receive one Triple Point share for approximately four Atlas shares owned as of the Date […]

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