Advantages of a Salt Mine vs. a Traditional Metal Mine
- Vastly different than the traditional high-risk, high-cost metal mine
- Long-life operation – generations of production and cash flow
- Risks of execution are significantly lower
- Much more manageable capital costs
- Streamlined permitting process
- Limited environmental footprint – clean and green
- No tailings
- No chemical processing
- Almost all ore brought to surface goes directly to market
- No metallurgical issues
- No grade control issues
- Underlying commodity (salt) is recession-resistant
- Ageing sector in North America – only 1 new mine in last 25 years
- U.S. and Canada face a domestic salt production shortfall
- $5.2 billion (U.S.) in acquisitions in salt sector since 2020
Simple, stable, recession resistant salt continues to be a standout commodity.
This should come as no surprise.
Mark Kurlansky’s New York Times bestseller, “The History of Salt”, is a fascinating account of how this commodity, with so many uses, has played such an important role in world history.
Salt has been one of the world’s most sought-after commodities. Empires have been built around salt and wars have been fought over the commodity. Salt has immeasurable uses and is vital to life.
Atlas Salt, a TSX Venture 50 company in 2022 (TSXV: SALT), is Canada’s only “pure” salt play featuring a unique high-grade massive salt deposit (Great Atlantic) in a top tier jurisdiction. Great Atlantic is ideally positioned to become a “Salt Factory” in the heart of the robust Eastern North America road salt market.
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