Atlas Salt Inc. (REMRF) Research

Atlas Salt Inc. operates as a developing mineral exploration enterprise, primarily concentrating its efforts on discovering, evaluating, and developing resource properties throughout Newfoundland and Labrador, Canada. The company actively seeks out deposits of potash, salt, gypsum, and various other minerals. A cornerstone of its asset portfolio is the wholly-owned Great Atlantic salt project, located within the Bay St. George Basin of Western Newfoundland. Furthermore, Atlas Salt possesses stakes in the Ace Gypsum project, which is situated near the inactive Flat Bay gypsum mines, southwest of the Great Atlantic deposit, as well as the Black Bay Nepheline property in southern Labrador. By the end of 2021, the company's extensive land holdings consisted of roughly 21,725 hectares spread across 30 mineral licenses in both the Bay St. George area of Western Newfoundland and Black Bay, Labrador. Established in 2011, Atlas Salt Inc. was previously named Red Moon Resources Inc. before adopting its current identity in August 2021. Its headquarters are located in St. John's, Canada.

Market snapshot

Symbol
REMRF
Price
$0.50
Day change
+3.38%
Market cap
$186.5M
P/E ratio
-42.31x
52-week range
0.237-0.736
Sector
Basic Materials
Industry
Industrial Materials

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