Atlas Salt Inc. (SALT) Financings
TSXV: SALT · Salt · Development stage
- Market cap$177.6M
- Share price$1.42
- 52-week range$0.520 – $1.84
- Shares outstanding125,044,714
- ExchangeTSXV
- Websiteatlassalt.com
Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) (FSE: 9D00) is developing the Great Atlantic Salt Project, a wholly owned, high-purity rock salt project on the west coast of Newfoundland, Canada, uniquely positioned to become North America's first new salt mine in nearly three decades. The Project is expected to produce 4 million tonnes of road salt annually for the import-dependent Eastern Canadian and U.S. Northeast markets. The 2025 Updated Feasibility Study outlines robust economics, including a 25-year mine life, C$188 million in average annual after-tax free cash flow, C$920 million of after-tax NPV8, a 21.3% post-tax IRR, and a 4.2-year payback. Designed as a highly electrified, low-emission operation, Great Atlantic's annual Scope 1 emissions are anticipated to equal just four Newfoundland households. Atlas is committed to responsible mining, environmental stewardship, and community engagement.
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Atlas Salt Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 25, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$5,965,954 | C$8,032,910 | C$12,192,483 | C$9,269,788 | C$8,804,146 |
| Total current assets | C$7,353,146* | C$8,612,835* | C$12,412,552* | C$9,777,270* | C$9,059,247* |
| Total current liabilities | — | — | C$460,971 | C$1,090,439 | C$283,292 |
| Working capital | — | — | C$11,951,581 | C$8,686,831 | C$8,775,955 |
| Exploration and evaluation assets | C$16,693,790 | C$11,782,322 | C$8,162,295 | C$4,622,510 | C$2,186,182 |
| Total assets | C$26,306,828 | C$21,965,299 | C$22,374,049 | C$16,046,794 | C$11,253,202 |
| Debt | C$774,766 | C$100,000 | — | — | — |
| Total liabilities | C$1,813,609 | C$1,699,779 | C$597,902 | C$1,235,159 | C$423,957 |
| Shareholders' equity | C$24,493,219 | C$20,265,520 | C$21,776,147 | C$14,811,635 | C$10,829,245 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$1,492,893 | C$440,135 | (C$425,945) | (C$234,003) | (C$207,544) |
| Share-based compensation | C$169,003 | C$1,375,010 | (C$1,478,892) | (C$1,804,470) | (C$986,461) |
| Net income (loss) | — | — | (C$4,838,013) | — | — |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$5,299,213) | (C$1,021,715) | (C$3,465,819) | (C$1,066,731)* | (C$1,099,436)* |
| Investing cash flow | (C$4,960,632) | (C$3,280,925) | (C$3,335,965) | (C$3,468,940)* | (C$543,827)* |
| Financing cash flow | C$8,192,889 | C$143,066 | C$9,724,479 | C$5,001,313* | C$10,167,023* |
| Exploration spending (capitalized) | (C$4,711,028) | (C$2,884,436) | (C$3,345,999) | (C$3,281,031) | (C$892,412) |
| Change in cash | (C$2,066,956) | (C$4,159,573) | C$2,922,695 | C$465,642 | C$8,523,760 |
| Cash at end of period | C$5,965,954 | C$8,032,910 | C$12,192,483 | C$9,269,788 | C$8,804,146 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Atlas Salt Inc. financings
6 financings announced or closed by Atlas Salt Inc., read by Mining News Terminal, newest first.
Atlas Salt Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Atlas Salt Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-07-23 | Loan, proposed | Export Development Canada | C$150M | — |
| 2025-02-05 | Loan, signed | Atlantic Canada | C$1M | — |