ATLAS UNVEILS GREAT ATLANTIC SALT PROJECT BUILD TEAM
ATLAS UNVEILS GREAT ATLANTIC SALT PROJECT BUILD TEAM St. John’s, Newfoundland and Labrador, September 29, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF) has secured a top-tier build team for its Great Atlantic Salt Project to develop North America’s premier undeveloped high-grade salt deposit, 100% owned by Atlas and strategically located on the west coast of Newfoundland. An independent Feasibility Study from SLR Consulting (Canada) Ltd., released August 28, 2023, gave the project a pre-tax NPV (8) of $1.017 billion (CDN) with a 23% IRR based on a 34-year mine life at a production rate of 2.5 million tonnes per year and a projected direct capital cost of $302 million. In the 4 million tonne-per-year expansion scenario, at the Preliminary Economic Assessment level analysis, pre-tax NPV (8) increases to $2.015 billion with a 28% IRR over a 47.5-year mine life. Pre-tax cash flow is $17.8 billion […]