Welcome to our dedicated page for Atlas Salt news (Ticker: REMRF), a resource for investors and traders seeking the latest updates and insights on Atlas Salt stock.
Atlas Salt Inc. (REMRF) drives innovation in sustainable salt mining through its flagship Great Atlantic Salt Project in Canada. This page serves as the definitive source for verified corporate updates, offering stakeholders timely access to operational developments and strategic initiatives.
Investors and industry observers will find essential announcements including quarterly financial results, partnership agreements with technology leaders like Sandvik, and progress reports on environmental compliance measures. Our curated collection features press releases detailing infrastructure advancements, community engagement programs, and production milestones.
The resource emphasizes Atlas Salt's commitment to merging traditional mining expertise with modern sustainability practices. Users can track implementation of automated mining systems, battery-electric equipment deployments, and regulatory approvals that underscore the company's operational philosophy.
Bookmark this page for structured updates on key business areas: mine development timelines, strategic offtake agreements, and technological innovations in salt extraction. Return regularly to monitor how Atlas Salt executes its vision of efficient, environmentally responsible resource development.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has announced the completion of geotechnical drilling and in-field data collection at its Great Atlantic Salt Project in western Newfoundland. The program focused on gathering critical information along the proposed decline path, including rock quality, structural conditions, and groundwater characteristics.
The company is now proceeding with data analysis and reporting, with final results expected in Q3 2025. The collected data will be used to refine strategies for decline construction and dewatering, aimed at reducing geotechnical risks and improving underground mine development efficiency.
Atlas Salt is working with Terrane Geoscience Inc. and GEMTEC Consulting Engineers and Scientists to interpret the data and incorporate it into detailed design parameters for the decline and box cut, supporting the development of a comprehensive capital development plan.
Atlas Salt (TSXV:SALT)(OTCQB:REMRF) has announced changes to its Board of Directors. Mr. Marc Boissonneault has resigned as director, and the company has appointed Mr. Bob Kelly as his replacement.
Kelly brings 40 years of senior management experience in mining, including notable positions as former Vice President of Teck Resources , where he led Health and Safety initiatives across all operations. His experience includes roles as General Manager at Teck's Duck Pond Operations in Newfoundland, Assistant to the President at Voisey's Bay Nickel Company, and Construction Manager for their nickel demonstration plant in Argentia. Kelly began his career at Iron Ore Company of Canada, advancing to Manager of Primary Ore Division overseeing 40 million tonnes of annual ore production.
Chairman Patrick Laracy emphasized Kelly's extensive experience in mine management, construction, safety, and stakeholder engagement as valuable assets for developing the Great Atlantic salt deposit.
Atlas Salt (TSXV:SALT)(OTCQB:REMRF) has provided a comprehensive update on the development of its Great Atlantic Salt Project. The company reports 93% completion of its geotechnical and hydrogeological drilling program, with 2,275 meters drilled and final completion expected by early April 2025.
Key developments include:
- Ongoing project financing discussions with Endeavour Financial, exploring both debt and equity options
- Final stages of selecting Lead Engineering Partner and Material Handling Equipment Partner, with decisions expected by end of April 2025
- Mine plan revisions in progress with Deswik Consulting following Sandvik's selection as preferred mining equipment partner
- Completion of Project Governance Framework and advancement of comprehensive Project Execution Plan with Hatch
- Confirmation from Newfoundland Power regarding electrical load support and preliminary cost estimates for high-voltage infrastructure
- Operational Readiness planning with TrajectorE, targeted for completion in May 2025
Atlas Salt (TSXV:SALT, OTCQB:REMRF) announced the departure of CEO Rick LaBelle effective March 19, 2025, with Chairman Patrick Laracy assuming interim executive management responsibilities. The company will initiate recruitment for a new CEO.
The company continues to advance its Great Atlantic salt project in western Newfoundland, having completed 17 of 20 geotechnical drill holes for planning twin decline access. According to the May 2024 Technical Report, the project features a 34-year mine life producing 2.5 million tonnes annually, with an after-tax IRR of 18.5% and NPV(8%) of $553 million.
The project's advantages include shallow depth accessible via declines, electric power optimization for low carbon emissions, deep-water port proximity, and environmental assessment clearance. The company has engaged Endeavour Financial and plans marketing initiatives to highlight project benefits.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has submitted its Early Works Development Plan for the Great Atlantic Salt Project in Newfoundland and Labrador to the Department of Industry, Energy and Technology. The plan outlines site preparation and early-stage infrastructure development ahead of full-scale mine construction.
The key components include:
- Construction of a 1.3 km primary access road and 300m secondary access route
- Site preparation activities including clearing, grubbing, and stockpile pad grading
- Development of laydown areas and temporary construction facilities
- Implementation of environmental controls including stormwater management systems
Pending governmental approval, Early Works construction is scheduled to begin in 2025. The company aims to position itself as a leading low-cost producer in the North American salt market through this development.
Atlas Salt (TSXV:SALT)(OTCQB:REMRF) has secured a C$1,000,000 conditionally repayable loan from the Atlantic Canada Opportunities Agency (ACOA) under the Regional Economic Growth through Innovation program. The funding will support the company's Mine Design and Optimization Initiative at the Great Atlantic Salt Project, focusing on reducing greenhouse gas emissions and implementing sustainable mining technologies.
The loan is repayable over five years, starting six months after commercial sales revenues begin, and will cover 50% of eligible costs. The Great Atlantic Salt Project, being developed on Newfoundland and Labrador's west coast, is set to become the first major salt producer in Eastern North America in decades. The project is expected to create 300 full-time construction jobs and 170 permanent positions during operations.
Atlas Salt (TSXV:SALT)(OTCQB:REMRF) has announced its collaboration with Oracle for the development of the Great Atlantic Salt Project. The company is implementing Oracle's comprehensive suite of project and financial management solutions, including Oracle Aconex, Oracle Primavera Cloud, and Oracle NetSuite.
These integrated tools are designed to enhance project timeline management, financial controls, and team collaboration across all project phases. CEO Richard LaBelle emphasized the system's role in maintaining transparency, efficiency, and control in project operations.
Atlas Salt has appointed Endeavour Financial as financial advisor for the Great Atlantic Salt Project financing. The company aims to secure $350-$400 million in senior secured debt, with potential additional subordinated debt. Key 2024 milestones include validation of low-carbon footprint, environmental assessment release, and completion of mine simulation study.
Strategic achievements encompass signing an MOU with Scotwood Industries for 1.25-1.5 Mtpa packaged salt offtake and securing a $73 million MOU with Sandvik Mining for equipment fleet financing. The project has completed several important development steps, including geotechnical drilling, land acquisition, and mining lease securing.
Atlas Salt announces measures to address potential delays in shareholder voting materials delivery due to the ongoing Canada Post strike. The company's Annual General and Special Meeting is scheduled for December 3, 2024, at 10:00 a.m. (Newfoundland & Labrador time) at the Celestial Gallery, Geo Centre. To accommodate shareholders affected by the strike, Atlas Salt has extended the proxy delivery deadline to December 2, 2024, at 11:30 a.m. The Management Information Circular is available on the company's website and SEDAR+. Registered shareholders can vote via Computershare Trust Company, while beneficial holders should contact their brokers for voting instructions.
Atlas Salt (TSXV:SALT)(OTCQB:REMRF) has outlined its strategy for meeting Environmental Assessment (EA) conditions and phased permitting for the Great Atlantic Salt Project. The project was released from environmental assessment in 52 days, with 70-80% of conditions proactively addressed in the initial registration. The company's phased approach includes: Early Works for site preparation, Capital Development for surface and underground infrastructure, and Commercial Operations Development. Key environmental focuses include real-time water monitoring, seasonal wildlife benchmarking, community engagement, climate adaptation, and progressive rehabilitation.
