Atlas Salt Secures Property for Mine Infrastructure
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has purchased key land parcels for its Great Atlantic Salt Project. The acquisition includes approximately 100 hectares of privately held vacant lots, with plans to develop only a small portion for mine infrastructure. This strategic move secures essential surface rights for mine site construction and future production, including areas for the boxcut and mine portals. The purchase is expected to support ongoing discussions with potential financing sources and advance the project's development, ultimately aiming to unlock shareholder value. Atlas Salt intends to maintain most of the acquired land as an undisturbed buffer around the mine site.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) ha acquistato terreni chiave per il suo Progetto di Sale del Grande Atlantico. L'acquisizione include circa 100 ettari di terreni privati vacanti, con piani di sviluppare solo una piccola parte per l'infrastruttura mineraria. Questa mossa strategica assicura diritti superficiali essenziali per la costruzione del sito minerario e la futura produzione, comprese le aree per il boxcut e i portali minerari. Si prevede che l'acquisto sostenga le discussioni in corso con potenziali fonti di finanziamento e faccia progredire lo sviluppo del progetto, con l'obiettivo finale di sbloccare il valore per gli azionisti. Atlas Salt intende mantenere la maggior parte dei terreni acquisiti come una zona cuscinetto intatta attorno al sito minerario.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) ha adquirido terrenos clave para su Proyecto de Sal del Gran Atlántico. La adquisición incluye aproximadamente 100 hectáreas de terrenos privados vacantes, con planes de desarrollar solo una pequeña porción para la infraestructura minera. Este movimiento estratégico asegura derechos de superficie esenciales para la construcción del sitio minero y la producción futura, incluyendo áreas para el boxcut y los portales mineros. Se espera que la compra apoye las discusiones en curso con posibles fuentes de financiamiento y avance el desarrollo del proyecto, con el objetivo final de liberar valor para los accionistas. Atlas Salt tiene la intención de mantener la mayor parte de los terrenos adquiridos como un área de amortiguamiento intacta alrededor del sitio minero.
아틀라스 솔트 Inc. (TSXV:SALT)(OTCQB:REMRF)는 그레이트 애틀랜틱 솔트 프로젝트를 위해 핵심 토지 parcels를 구입했습니다. 이 인수에는 약 100 헥타르의 사유지 빈 땅이 포함되며, 광산 인프라를 위해 소규모의 일부만 개발할 계획입니다. 이 전략적 조치는 광산 부지 건설과 미래 생산을 위한 필수 표면권을 확보합니다, 박스컷과 광산 포털을 포함합니다. 이 구매는 잠재적 자금 출처와의 진행 중인 논의를 지원할 것으로 예상됩니다 그리고 프로젝트 개발을 진척시킬 것이며, 궁극적으로 주주 가치를 열어주는 것을 목표로 합니다. 아틀라스 솔트는 인수한 대부분의 토지를 광산 부지 주변의 방해받지 않는 완충지대로 유지할 계획입니다.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) a acheté des terrains clés pour son Projet de Sel du Grand Atlantique. L'acquisition comprend environ 100 hectares de terrains vacants, détenus par des particuliers, avec des plans pour développer seulement une petite partie pour l'infrastructure minière. Ce mouvement stratégique sécurise des droits de surface essentiels pour la construction du site minier et la production future, y compris les zones pour le boxcut et les portails miniers. Cet achat devrait soutenir les discussions en cours avec des sources de financement potentielles et faire avancer le développement du projet, visant finalement à débloquer la valeur pour les actionnaires. Atlas Salt prévoit de garder la plupart des terrains acquis comme une zone tampon intacte autour du site minier.
Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) hat wichtige Grundstücke erworben für sein Großes Atlantik-Salz-Projekt. Die Akquisition umfasst ungefähr 100 Hektar ungenutztes, privat gehaltenes Land, wobei nur ein kleiner Teil für die Bergbauinfrastruktur entwickelt werden soll. Dieser strategische Schritt sichert wesentliche Oberflächenrechte für den Bau des Bergwerks und die zukünftige Produktion, einschließlich der Bereiche für den Boxcut und die Bergwerktröge. Der Kauf wird voraussichtlich laufende Gespräche mit potenziellen Finanzierungsquellen unterstützen und die Entwicklung des Projekts vorantreiben, mit dem letzten Ziel, Wert für die Aktionäre freizusetzen. Atlas Salt beabsichtigt, den Großteil des erworbenen Landes als unberührten Puffer um das Bergwerksgelände zu erhalten.
- Secured key surface rights for mine construction and production
- Acquired 100 hectares of land for project development
- Strategic purchase supports discussions with potential financing sources
- Advances project construction phase
- None.
ST. JOHN'S, NL / ACCESSWIRE / September 6, 2024 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) is pleased to announce that it has purchased certain parcels of land for the Great Atlantic Salt Project (the "Project").
The parcels are privately held vacant lots comprising in aggregate approximately 100 hectares, of which Atlas Salt intends to develop only a small portion, leaving the remaining area as an undisturbed buffer around the mine site. The parcels include the areas required for the boxcut and mine portals. With the purchase of these parcels, Atlas Salt has secured the key surface rights required for mine site construction and, ultimately, production. The purchase supports the Company's strategic discussions with various parties, including potential sources of financing, allowing the Company to advance the Project's construction and unlocking shareholder value.
For further information and ongoing updates, please visit https://atlassalt.com/. A copy of the ESG Report will be available for download on Atlas Salt's website.
About Atlas Salt Inc.
Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement.
For information, please contact:
Richard LaBelle, CEO
investors@atlassalt.com
(709) 739-9545
We seek safe harbor.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of required permits, supply arrangements and financing. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
SOURCE: Atlas Salt
View the original press release on accesswire.com
FAQ
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