
Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for potash, salt, gypsum, and other mineral deposits. It holds 100% interest in the Great Atlantic salt project in the Bay St. George Basin of Western Newfoundland. The company also holds interests in the Ace Gypsum project located in the dormant Flat Bay gypsum mines to the southwest of the Great Atlantic salt deposit; and the Black Bay Nepheline property located in southern Labrador. As of December 31, 2021, the company had 30 mineral licenses approximately 21,725 hectares in the Bay St. George region of Western Newfoundland and in Black Bay, Labrador. The company was formerly known as Red Moon Resources Inc. and changed its name to Atlas Salt Inc. in August 2021. Atlas Salt Inc. was incorporated in 2011 and is headquartered in St. John's, Canada.
Atlas Salt Inc. trades as REMRF on OTC. The company is classified in Basic Materials / Industrial Materials and reports in USD.
The current profile places the business in Industrial Materials. This section is intended to summarize the operating segments, products, geographies, and main revenue lines from official filings.
Latest available fiscal data shows $0 of revenue and -$3.68M of net income.
Use this area for management strategy, capital allocation priorities, target markets, and measurable goals from the latest annual report or investor presentation.
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Atlas Salt Inc. can be compared against peers such as 80 Mile Plc, Nickel 28 Capital Corp., Element 25 Limited, Focus Graphite Inc., Helium One Global Ltd, Lake Resources NL.
A complete thesis should compare growth, margins, balance-sheet risk, valuation multiples, and market position against direct competitors.
Current signals to investigate include market capitalization of $48.12M, beta of 3.31, and return on equity of -18.1%.
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Key risks should include financial leverage, cyclicality, customer concentration, regulatory exposure, currency risk, and execution risk.
REMRF currently shows total debt of $120,139 and beta of 3.31. Missing data should be treated as a research gap, not as low risk.
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Company website: https://www.atlassalt.com
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