Independent Feasibility Study And Expansion Case For Atlas Salt’s Great Atlantic Project
INDEPENDENT FEASIBILITY STUDY AND EXPANSION CASEFOR ATLAS SALT’S GREAT ATLANTIC PROJECT St. John’s, Newfoundland and Labrador, August 28, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to announce the results of a Feasibility Study (FS) and updated Mineral Resource estimate prepared by SLR Consulting (Canada) Ltd. (SLR) on its 100%-owned Great Atlantic Salt Project (“Great Atlantic”, or the “Project”) located in western Newfoundland, Canada. The FS represents a significant economic improvement over the Preliminary Economic Assessment (PEA), also completed by SLR, released by Atlas January 30, 2023 (all figures in Canadian dollars). In addition, SLR has also provided an expansion case to 4.0 million tonnes per year (Mtpa) of road deicing salt over a 47.5-year mine life presented at a Preliminary Economic Assessment (PEA) level analysis. This demonstrates a robust upside production scenario with a pre-tax net present value (NPV) at 8% of $2.015 billion (CDN) and […]