Atlas Salt Brings the Power of SALT to Investors!

Flat Bay Gypsum Project

Atlas Salt’s Flat Bay Gypsum Project, 3 km southwest of Great Atlantic salt deposit, currently features early-stage and profitable open-pit production from the Ace deposit. The mine development plan for Ace was approved by Newfoundland’s Department of Natural Resources in early 2018.

Gypsum has been mined by open-pit quarry in this area since the 1950’s with historical production estimated at approximately 15 million tonnes. 

Gypsum mining is environmentally friendly and leaves behind no toxic tailings.


Project Highlights

  • Atlas sold 160,000 tonnes of gypsum/anhydrite from its Flat Bay Project Ace mine in 2021, a 69% increase over 2020 sales which were impacted by COVID-19 constraints;
  • Atlas has obtained environmental approval and a mining lease to process historic gypsum tailings at Flat Bay with a view to recovering gypsum material for sale. Tailings would be produced solely from physical crushing and screening. They were never processed with chemicals and as such are non-toxic;
  • Gypsum prices have been trending higher since 2019;
  • A decline in synthetic gypsum from coal fired power plants has boosted demand for natural gypsum;
  • Gypsum is used primarily in cement, wallboard, and drywall industries;
  • The Company is eyeing opportunities for strategic partnerships with one or more companies in the above sectors.


Want to be notified about our News. Just sign up and we'll send you a notification by email.

Account details will be confirmed via email.