Atlas Salt is rapidly advancing its 100%-owned Great Atlantic Salt Project through Feasibility into potential production as an environmentally friendly state-of-the-art “Salt Factory” in western Newfoundland.
Located immediately beside important infrastructure including a deep water port, Great Atlantic is strategically positioned in the heart of the robust eastern North America road salt market that relies heavily on overseas imports to meet annual demand.
Atlas President Rowland Howe developed Goderich into the largest underground salt mine in the world during his tenure as mine manager with NYSE-listed Compass Minerals International.
Since 2020 private equity has completed $5.2 billion (U.S.) in acquisitions in the salt sector, known for its high margins and low beta long-term cash flow.
Meanwhile, to unlock the value of its Fischell’s Brook Salt Dome, and the concept of a “Clean Energy Hub” along the prolific Bay St. George Basin, Atlas is in the process of completing a “spinout” that will involve a share distribution to Atlas shareholders at a near-term Date of Record (to be determined).