Atlas Salt Inc. (REMRF)
Atlas Salt Inc. operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Saint John's, NF, CA. The stock last traded at $0.50, up 3.38% on the session, giving a market capitalisation of $48.1M. On trailing twelve-month figures it carries a trailing P/E of -39.73, a net margin of 0.0%. Its beta of 3.31 implies it has historically moved more than the broad market.
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.
Atlas Salt Inc. is most often compared with the following Basic Materials names: