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 […]