Atlas Salt and Scotwood Industries Sign MOU for Strategic Salt Production Offtake & Canadian Joint Venture for Packaged Salt and Related Products
Atlas Salt and Scotwood Industries Sign MOU for Strategic Salt Production Offtake & Canadian Joint Venture for Packaged Salt and Related Products ST. JOHN’S, NL / ACCESSWIRE / August 20, 2024 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is pleased to announce that the Company has entered into a non-binding Memorandum of Understanding (“Non-Binding MOU“) with Scotwood Industries LLC (“Scotwood“) to establish a strategic salt production offtake agreement and joint venture for the distribution and sale of packaged salt and related products (“Products“) in Canada. The Non-Binding MOU does not include the sale of bulk road de-icing salt and excludes the provinces of Newfoundland & Labrador, Prince Edward Island, New Brunswick and Nova Scotia, subject to certain exceptions with respect to national accounts and expansions of existing relationships that Scotwood has with retailers in the United States that have Canadian affiliates doing business in those provinces. The Joint Venture […]