WhaleWatch is live now trading futures and breaking down options flow!
Plus, @AtlasSalt CEO Nolan Peterson joins us at 12 PM ET to talk about North America's salt supply crunch, the company's massive Newfoundland mining project, and what's next for $SALT. https://t.co/CjGlHlqLqg
North America uses ~30M tons of de-icing salt a winter.
Last January, Ontario spot prices hit ~$190/t.
Great Atlantic is built to add ~4 Mt a year.
$SALT.V #TSXV
Salt news: Morton Salt has halted its Fairport, Ohio mine after a water inflow and declared force majeure.
One less road salt source heading into winter.
#RoadSalt $SALT.V
Great Atlantic salt deposit: ~180m deep.
Ojibway ~250m American Rock Salt ~437m Mines Seleine ~490m Fairport Harbor ~550m Goderich ~600m
Shallow means declines not shafts, less ventilation, shorter haulage. Lower capex and opex, every year for 24.3 yrs. $SALT.V #TSXV
North America hasn't opened a new salt mine since 2001. $SALT.V is the only publicly traded company developing one.
2021: Avery Island closes, 2.5M tons/yr gone
2024: Cargill's NY and Cleveland assets still unsold
Imports fill the gap at 8–10 Mtpa. $SALT targets 4 Mtpa by 2030.
What Great Atlantic is projected to mean for Newfoundland:
$4.8B GDP impact 170+ long-term jobs $2.5B in local wages $90M to municipalities
The enclosed conveyor design came from community feedback on dust and noise.
$SALT.V #TSXV
Most commodities have to be sold.
Road salt is bought by law. Municipalities are obliged to purchase annually, by public tender.
Median life of mine: Silver 7.0 · Gold 9.0 · Copper 18.0 · $SALT.V 24.3 yrs
$188M avg annual post-tax FCF. Underwrite winter, not the cycle. #TSXV
🧂North America’s first new salt mine in nearly 30 years.
Nolan K. Peterson, joins @BNNBloomberg to discuss the Company’s planned Newfoundland salt mine and its goal of supplying road de-icing salt across Canada and the U.S.
🎥 Watch the full interview: https://t.co/HEjhHSU4BU
National visibility for #AtlasSalt. 🧂🇨🇦
Nolan Peterson discusses the inclusion of Atlas Salt in the mining section of the Canada Investment Summit prospectus and conversations with the federal government through summit activities.
$SALT.V
#CanadianMining#SALT@ceodotca
Did you know?
The Great Atlantic salt deposit is ~3 km across. Ten Eiffel Towers, end to end.
95.0 Mt of 2P reserves = 24.3 years. Another 868 Mt of inferred resource isn't in the mine plan at all.
Still open in all directions.
$SALT.V #TSXV
P.Eng. CFA. MBA. Rarely one person.
Nolan Peterson's first 15 months as $SALT.V CEO:
UFS at $920M NPV8 Hatch as lead engineering partner Early Works commenced ~$25M raised, three rounds, rising prices CN rail MOU More than $300M in financing LOIs
#TSXV#Mining
US$88/ton last year. ~US$160/ton this year.
That's the low bid for municipal road salt through one Pennsylvania council of governments.
West Virginia authorising up to $175. Ohio: 18 counties, zero bids in round one.
Inelastic demand, thin supply.
$SALT.V #TSXV
Building the Lender Package 💰🧂
Our CEO Nolan K. Peterson discusses the financing process behind the #GreatAtlanticSalt Project and the work underway to assemble a comprehensive lender package as the project advances toward development.
$SALT.V
#NewfoundlandAndLabrador#SALT