Atlas Salt Inc. is pleased to provide a corporate update with the leaders of Canada and Germany expected to sign a "Hydrogen Accord" at a news conference scheduled for early this evening in Stephenville, Newfoundland. In addition to its flagship Great Atlantic Salt Project, approximately 25 km south of Stephenville, Atlas owns 100% of the Fischell's Brook salt deposit, Newfoundland and Labrador's only known salt dome with [...]
Atlas Salt is pleased to announce that it has entered into a definitive arrangement agreement with Triple Point Resources with respect to the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km. Pursuant to the Agreement, the Company agreed to distribute 23,750,000 common shares of Triple Point to the shareholders of the Company on a pro-rata basis. The [...]
Atlas Salt is pleased to announce that the Board of Directors has approved, in principle, the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km in southwest Newfoundland. In connection with the spin-out the mineral licenses will be transferred to Triple Point Resources Ltd., a subsidiary of the Company established for the purpose of the spin-out.
Atlas Salt is pleased to report that additional results from its ground gravity survey have led to the modelling of a potential second salt dome just 3 km east of the large Fischell’s Brook Salt Dome deposit. “Fischell’s Brook East” is consistent with the increasingly apparent district-scale salt potential of Atlas’ nearly 200 sq. km land package in western Newfoundland, parts of which will form a strategic near-term [...]
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