Saturday, July 13, 2024

Atlas Salt Inc. (TSXV : SALT) (OTCQB : REMRF) The Great Canadian Salt Deposit


 Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The Salt market is anything but dull. Instead of listing, take a moment and check out the ‘Top 10 Reasons Atlas Brings the Power of SALT to Investors’ The list includes Management, the planned Triple Point spinout, Rising Salt Prices et al.

Growth of Salt market:

The global industrial salts market size was estimated at USD 15.3 billion in 2021 and it is expected to reach around USD 26.8 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.43% over the forecast period 2022 to 2030. Peruse the latest SALT corporate deck here.

Critically Salient points for Investors

  • Atlas Salt at the Feasibility Stage (TSXV: SALT) is only one of two publicly traded salt companies in North America
  • Atlas Salt owns 100% of North America’s premier undeveloped salt project, Great Atlantic
  • Great Atlantic is strategically located on the coast of Newfoundland, one of the world’s friendliest mining jurisdictions
  • sector that has featured $5.2 billion (U.S.) in acquisitions by private equity since 2020 As a low cost “disrupter” that could produce for decades operating like a “Salt Factory”, Great Atlantic
  • ic is uniquely positioned for success Atlas President Rowland Howe is widely regarded as “Mr. Salt” – has the experience and know-how to maximize shareholder value
  • North America faces an annual road salt production shortfall of 7 to 10 million tonnes, a deficit made up by imports from Chile and North Africa

Triple Point Spinout

Last Week, SALT got approval from the BC Supreme Court approving a Plan of Arrangement with Triple Point Resources.

The Company has set 12:01 a.m. on September 22, 2022, as the effective time and date for the closing of the Arrangement. Shareholders of record as at the close of business on September 21, 2022, will be entitled to receive one Triple Point share for approximately 3.58 Atlas shares owned. The exact number of Triple Point shares to be issued for each Atlas Salt share will be determined on the effective date.

Triple Point has applied to list its shares on the Canadian Securities Exchange which is subject to Triple Point meeting all listing requirements.

Great Atlantic Stats:

Bottom Line

There are many, as this is a deep and enduring story. And unlike other commodities, Salt production and growth is easily trackable through a dearth of mines.

There is little doubt that Salt will continue to grow and be used for various chemical, industrial and consumable needs. 

One of the more–dare I say exciting ideas –is a plan by a group of scientists who have suggested that, because Salt is highly reflective, it could potentially reflect sunlight into outer space, helping to cool the Earth, they wrote in a report presented at the Lunar and Planetary Science Conference in Texas on March 21.

But other climate scientists aren’t so sure. This idea falls into geoengineering — a deliberate, large-scale attempt to change the environment to counteract climate change—[Top 10 Craziest Environmental Ideas].

Creative solutions are needed for many of the Earth’s issues. Maybe not that far-fetched. Salt shares are robust traders with a daily average of 370k. Volatile as well as the 52-week range was CDN$0.71 to CDN$4.48. Looks like a proxy for several sectors and a catalyst for expansion in the industrial and chemical areas.

Given the volatility, a dollar cost average approach might be prudent.

Lots more to come.

Bob Beaty
+ posts

For over 30 years, Bob Beaty has been explaining concepts and companies to the global investment community. One of the original writers for Jim Cramer’s, he also wrote for AOL (Can/US), the Globe and Mail, and the Huffington Post. Over that period, he illuminated small-cap companies to investors with wit and pith but mostly opinion and facts. Investing should be fun. Pedantic, staid content is no fun.

Before embarking on his writing career, Bob had a successful international journey in the finance industry. He served as a broker, derivatives product manager, and a Director of London's Credit Suisse subsidiary. His career spanned across major financial hubs including Toronto, Vancouver, and the UK, giving him a unique global perspective. (He is still fondly remembering those English client lunches.)

Other than everything Groucho Marx and George Carlin ever said, Bob lives by a simple credo;

‘Never do anything the person standing in front of you can't understand.’ Hunter S. Thompson.

Let’s go.


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