Atlas Salt und Vulcan Minerals
Preliminary Economic Assessment – January 2023
Atlas-Präsident Rowland Howe: „Aufgrund seiner einzigartigen Eigenschaften hat Great Atlantic eindeutig das Potenzial, das größte und beste unterirdische Salzbergwerk Nordamerikas zu werden.“
Vulcan Minerals, die Muttergesellschaft hält eine NPR von 3 % auf die Minerallizenzen, die es nach der Ausgliederung von Atlas Salt aus dem Unternehmen im Jahr 2012 an Atlas Salt (ehemals Red Moon Resources Inc.) übertragen hat, wozu auch das Projekt Great Atlantic Salt gehört. Vulcan besitzt außerdem 28.891.000 Aktien (31,2 % der ausstehenden Aktien) von Atlas Salt Inc.
Hab mal einen Fuß in die Tür gesetzt und bin sehr gespannt, wer demnächst die beiden Werte auf seiner Empfehlungsliste hat?! Denn: "A major global awareness campaign commences soon (within Q1 2023)."
Top 10 Reasons Atlas Brings The Power of SALT to Investors!
1.) Management
Atlas President Rowland Howe is known as “Mr. Salt” for an illustrious salt industry career that began at the Winsford mine in the UK and has spanned more than three decades. As mine manager at Goderich in southern Ontario between 1995 and 2011, Howe took production from 3.5 million tonnes per year to a record 7.5 million tonnes, solidifying Compass Minerals (NYSE: CMP) as the biggest and most profitable salt producer in the entire world. He has been President of Atlas since early 2021 and is also President of the Goderich Port Management Corporation.
2.) Top Tier Project in Pro-Resource Jurisdiction
Atlas’ 100%-owned Great Atlantic Salt Project is the premier undeveloped salt project in North America, supported by a NI-43-101 independent Preliminary Economic Assessment (PEA) released January 30, 2023. Pre-tax NPV(8) is $909 million (CDN) and the internal rate of return (IRR) is 22%, assuming a conservative base case production scenario of 2.5 million tonnes per year over only 30 years. The model allows for considerable scalability and high potential for generations of cash flow well beyond 30 years. Given the shallow, high-grade and homogeneous nature of this massive deposit, and its location immediately next to a deep-water port, Great Atlantic is a highly advantaged asset with strong potential to become the lowest cost producer in the heart of the robust eastern North America road salt market and the only mine accessed through inclined ramps vs. vertical shafts. Newfoundland is widely regarded as one of the world’s top mining jurisdictions.
3.) Hot Sector/Rising Salt Prices
Private equity has carried out $5.2 billion (U.S.) in acquisitions in the salt market since 2020. Security of supply has become a major issue as the North American road salt market relies heavily on imports from Chile and North Africa to meet annual demand that can reach or exceed 30 million tonnes per year. Sharply escalating overseas shipping costs due to inflationary pressures and supply chain bottlenecks are reinforcing the need for more North American supply, constrained by the fact that no new salt mines have been built in the U.S. or Canada in the last 25 years. Meanwhile, rock salt contract prices for the current winter season are up 15% to nearly $100 CDN per metric tonne.
4.) Substantially De-Risked Across Multiple Metrics
Salt mines are vastly different than traditional metal mines – they are predictable and can produce for generations through relatively straightforward mining. Salt itself is recession proof while Atlas has also been substantially de-risked across all other key metrics – management, geological, environmental, financial, jurisdiction, and share structure.
5.) Share Structure/Performance
SALT has only 92.6 million shares outstanding, dominated by strong retail investors, management and close associates, while strategic long-term investor Vulcan Minerals (TSXV: VUL) owns about 32% of the company. A warrant overhang in SALT was removed during 2022. SALT has been one of the top performing resource stocks in Canada over the past two years and Atlas was selected as a 2022 Venture 50 winner.
6.) Financial Power
Atlas is in a strong financial position with approximately $18 million in cash and no debt, thanks to a series of increasingly higher-priced private placements with strategic investors since 2021, and the exercise of almost all of the company’s warrants. Atlas is also the largest shareholder in Triple Point Resources.
7.) The Importance of Salt
Our bodies couldn’t survive without salt, but salt keeps us alive in more ways than one. The biggest single use of salt in the U.S. and Canada is for de-icing roads, highways, sidewalks and parking lots. It’s a large recession-proof market with decades of consistency throughout every economic cycle. Statistics show that road de-icing salt saves lives every year, reducing collisions by up to 88%. No economic substitutes or alternatives for road salt exist in most applications.
8.) Environmentally Friendly
Great Atlantic would feature environmentally friendly straightforward processing, operating very much like a “Salt Factory” with the potential to be carbon net-neutral. Unlike traditional metal deposits, no chemical processing is involved with an underground salt mine and practically all “ore” is shipped directly to market. New technology such as “continuous miners” cut the salt underground (no drilling or blasting). It is then screened to get it to the right particle size before being dropped onto a conveyor belt that brings it to surface. Processed salt is then delivered to the nearby port by conveyor. Replacing overseas imports with Great Atlantic production aids in the battle to reduce global carbon emissions.
9.) Triple Point/Fischell’s Brook Spinout
To unlock the value of Atlas’ Fischell’s Brook Salt Dome, and its potential to help drive the recently signed Canada-Germany Hydrogen Accord for the west coast of Newfoundland, Atlas in 2022 spun out Fischell’s Brook into Triple Point Resources which plans to list on a Canadian stock exchange. Atlas is Triple Point’s largest single investor with 27.5 million shares. Salt domes have multiple uses and are now being increasingly targeted for storing hydrogen safely and efficiently underground.
10.) Cutting Edge Marketing / Communications Strategy
Atlas understands the importance of communicating its message to investors not only effectively but powerfully. From our website to various campaigns to increase investor awareness of SALT, we are very conscious of our brand and the need to tell our highly compelling story in just the right way. The team at Atlas is constantly driven to grow this business and build shareholder value. A major global awareness campaign commences soon (within Q1 2023).
https://atlassalt.com/scorecard/...1U4ZZBw7u4S02_37S_8QQaAhplEALw_wcB
SALT aktuell (1.69 CAD) bei knapp 156 Mio CAD Marktkapitalisierung.
Vulcan aktuell (0.30 CAD) mit knapp 35 Mio CAD bewertet
VUL hält 32% der SALT Aktien, welche einem Wert von 49.9 Mio CAD oder 0.43 CAD pro Aktie bei 116 Mio ausstehenden VUL Aktien entsprechen.
Diese Betrachtung lässt VulcanMinerals
- Cashbestand,
- die TPR Anteile des SALT spin-off,
- die jeweils 3% Royalties an SALT, Sassy und TPR
- sowie die ganzen weiteren Beteiligungen
unberücksichtigt.
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