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ENVISIONING A SUSTAINABLE MINING FUTURE: A POSTSCRIPT ON ATLAS SALT INC.’S LOW-CARBON GREAT ATLANTIC SALT PROJECT 

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ENVISIONING A SUSTAINABLE MINING FUTURE: A POSTSCRIPT ON ATLAS SALT INC.’S LOW-CARBON GREAT ATLANTIC SALT PROJECT 

 

Atlas Salt Inc., (TSX-V: SALT/OTCQB: REMRF) headquartered in St. John’s, Newfoundland and Labrador continues to ramp forward. The company has released the results of a greenhouse gas (GHG) emissions inventory report for its Great Atlantic Salt (GAS) project by Stantec Consulting Ltd. Highlights include:

  • Operational GHG emissions significantly lower than industry standard;
  • Sustainable use of state-of-the-art battery electric mining technologies;
  • The annual direct GHG emissions from mine operations are comparable with those of just four Newfoundland families (1)

The results from the aforementioned are truly inspiring. To begin with, Atlas Salt has accomplished operational GHG emissions which are drastically lower than industry standards. Alongside, Atlas Salt has emphasized on the sustainable use of state-of-the-art battery electric mining technologies.  The annual direct GHG emissions from mine operations are comparable with those of just four Newfoundland families, stated the report, which in simpler terms, implies that the emissions from the extensive mining operations are equivalent to the GHG emissions produced by a family size of four, multiplied four times

 

Victoria Corning, PEng, senior associate, environmental services, Stantec Consulting, remarked: “With Newfoundland and Labrador’s exceptionally low GHG intensity electricity of just 17 grams of carbon dioxide equivalent per kilowatt-hour of energy (g CO2e/kWh), compared to the Canadian average of 110 g CO2e/kWh, combined with integrating state-of-the-art battery electric technologies, we estimate that their operations will remain well below the GHG emission thresholds set by both provincial and federal guidelines, aligning with the best in the industry.” (1)

 

Across the nation, the environmental stride illuminates a noteworthy chapter in sustainable mining practices.

 

Further cementing Atlas Salt’s environmental commitment, the Stantec report highlights scope 1 emissions (direct GHG emissions) at the rate of 79 tonnes of CO2 equivalent per year (t CO2e/yr) and scope 2 emissions (indirect GHG emissions) at 2,293 t CO2e/yr. Both figures significantly lower than comparable mining ventures. (1)

 

Leveraging advancements in technology and a firm commitment to renewable energy sources, Atlas Salt remains steadfast in their purpose by achieving an anticipated emission rate of roughly 950 t CO2e/Mt, a number extraordinarily lesser in comparison to the industry standard. In Mr. Bob Booth’s stated dedication to the utilization of battery electric vehicles, we hear an echo of Atlas Salt’s pledge to innovation and sustainable mining solutions.

 

Mr. Rick LaBelle, the Chief Executive Officer of Atlas Salt, notes that his vision lays in fabricating an industry model in sustainable mining. Labelling this prospect as a proud moment, he envisions leading in global sustainable mining practices while bringing profitable returns for the shareholders. He comments, “”My vision for Atlas Salt is to create an industry-leading example in sustainable underground mining. We have the potential to build the greenest, cleanest and safest underground mine in the world. The findings from Stantec and BWB’s endorsement confirm that we are making real strides towards this objective. Our team at Atlas Salt is not just building a salt mine, we’re building it responsibly for future generations. The project’s low GHG emissions is our commitment to environmental stewardship and our focus on innovation. It’s a proud moment for us as we set out to lead the way in sustainable mining practices globally, ensuring a lasting positive impact on our local communities and society at large, while providing shareholders with a healthy projected platform for financial growth.” (1)

Nevertheless, it is crucial to note the ingenious balancing act in the GAS project. Environmental sustainability is matched with economic viability, thus combining profit margins with social responsibility.

 

Understanding the developments and progress made with GAS project, Atlas Salt has indeed reached a new level of sustainable mining, infused with innovation and forward thinking. The pioneering methodologies implemented provide a promising future for both existing and potential shareholders, whilst further solidifying their position as trailblazers in the mining industry. Atlas Salt sets an admirable benchmark for its’ peers to follow, showing that sustainability and profitability are not mutually exclusive.

 

Following my attendance at the Vancouver Resource Investment Conference about two weeks ago, which I thought was well attended, an associate in multi-media shared her views with me by saying Atlas Salt has a compelling story that remains relatively unknown.

 

It is evident that the company possesses a remarkable narrative. I continue to maintain confidence in the capabilities of the new management team to excel across all facets, and I anticipate improved communication of this stellar story to a larger audience as time unfolds. Great Atlantic continues to become de-risked and overall, I am impressed with the strides this team is making. I must admit that it stands out as one of the most exceptional companies I have ever encountered.

 

As I envision the company’s trajectory over the next 2–5 years, I see nothing but brilliance. Once more, I am reminded that in the grand scheme of things, it is the patient and unwavering commitment that prevails — as underscored by the timeless moral of “The Tortoise and the Hare” fable… slow and steady wins the race.

 

Happy Investing!

 

Dr. Kal Kotecha

 

Footnotes:

  1. STOCKWATCH NEWS

 

 

 

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