Atlas Salt Enters Strategic MOU with Sandvik Mining and Rock Solutions for Underground Mobile Equipment Supply, Including $73 Million Financing
Atlas Salt Enters Strategic MOU with Sandvik Mining and Rock Solutions for Underground Mobile Equipment Supply, Including $73 Million Financing St. John’s, Newfoundland and Labrador – September 9, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the signing of a comprehensive non-binding Memorandum of Understanding (MOU) with Sandvik Mining and Rock Solutions (“Sandvik”). This strategic partnership establishes Sandvik as the preferred underground mobile mining equipment supplier and Integrated Project Delivery (“IPD”) Partner for the Great Atlantic Salt Project. This partnership with Sandvik is a significant step forward in the development of the Great Atlantic Salt Project, enhancing the Project’s operational capabilities with state-of-the-art equipment designed for safety, efficiency, and sustainability. Sandvik’s offerings include the integration of their AutoMine® automation system, which will elevate the mine’s operations through tele-remote and autonomous functionalities, thereby reducing operational risks and increasing productivity. Key […]