Atlas Salt and Scotwood Industries Sign Non-Binding MOU for Salt Production and Distribution in Canada

Atlas Salt Inc. has announced a non-binding Memorandum of Understanding (MOU) with Scotwood Industries LLC to establish a strategic salt production offtake agreement and a joint venture for packaged salt and related products sales in Canada. This MOU does not cover bulk road de-icing salt and excludes several provinces, including Newfoundland & Labrador and Nova Scotia, with specific exceptions for national accounts.

The joint venture aims to achieve annual sales volumes between 1.25 to 1.50 million tonnes, contingent on market conditions. The salt for these products will be sourced from the Great Atlantic Salt Project as part of a Strategic Salt Production Offtake Agreement.

Scotwood, a leader in the U.S. salt market, will leverage its industry expertise and established client base. Atlas Salt aims to use its long-life, low-cost supply to serve the Canadian market effectively. Both companies intend to negotiate binding agreements and share management and profits equally.