Atlas Salt Releases Updated Feasibility Study for Great Atlantic Salt Project

Atlas Salt Inc. has unveiled its Updated Feasibility Study (UFS) for the Great Atlantic Salt Project in Newfoundland. This update highlights enhanced economic projections with a post-tax NPV8 of $920 million and a post-tax IRR of 21.3%. The initial capital cost stands at $589 million with an estimated payback period of 4.2 years.

The Project anticipates an annual operating cash flow of $325 million, generating 4.0 million tonnes of high-purity road salt annually over a 24-year mine life. Average operating costs are projected at $28.17 per tonne FOB. The study incorporates advanced mining methods and logistics improvements to bolster efficiency.

The updated study builds on previous results, indicating improvements in production rate and economic resilience. The Project, strategically located with access to shipping routes, aims to strengthen its position in the North American salt market.