Atlas Salt: Filling North America’s Gap for Domestic Production of Salt with Newfoundland Project
We caught up with Nolan Peterson, CEO of Atlas Salt Inc. (TSXV: SALT | OTCQX: SALQF | FRA: 9D00). Follow what investors are saying and join our community: https://ceo.ca/salt
0:00 Intro
1:26 Why no new salt mines built since 2001
3:06 North America imports 10M tonnes of de-icing salt annually from Chile and Egypt
4:19 NPV jumps 66% from previously feasibility study based on increased production target
5:56 Shallow deposit allows for drift mining and reduces costs versus deep shaft mines
7:39 Financing strategy: $80M equipment deal plus project financing
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