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Atlas Salt Announces Updated Feasibility Study with Enhanced Results for the Great Atlantic Salt Project; $920M Post-Tax NPV8 and 21.3% Post-Tax IRR
ST. GEORGE'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / September 30, 2025 / Atlas Salt In...
About this update from Atlas Salt Inc
[{"type":"text","content":"Atlas Salt Announces Updated Feasibility Study with Enhanced Results for the Great Atlantic Salt Project; $920M Post-Tax NPV8 and 21.3% Post-Tax IRRST. GEORGE'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / September 30, 2025 / Atlas Salt Inc. (\"Atlas Salt\" or the \"Company\") (TSXV:SALT)(OTCQB:REMRF)(FRA:9D00) announces the results of its Updated Feasibility Study (\"UFS\") on the 100%-owned Great Atlantic Salt Project (\"Great Atlantic\" or the \"Project\") located in Western Newfoundland.UFS Highlights(all figures are in Canadian dollars and include annual escalation, unless otherwise noted)Post-tax NPV 8 : $920 million, Post-tax IRR: 21.3%, Payback: 4.2 YearsPre-tax NPV 8 : $1.68 billion, Pre-tax IRR : 27.1%Pre-tax NPV 5 : $2.75 billion, Post-tax NPV 5 : $1.57 billionInitial Capital Cost : $589 millionLife of Mine (\"LOM\") Sustaining Capital : $609 millionAverage Annual LOM Operating Cashflow (EBITDA 1 ) in Operations : $325 million per annum (\"pa\")Average Annual LOM Post-Tax Free Cashflow in Operation : $188 million paTotal Undiscounted Post-Tax Cashflow (including Initial Capital Cost) : $3.93 billionAverage Annual Steady State Production LOM : 4.0 million tonnes of high-purity road saltMine Life : 24 years based on Proven and Probable ReservesAverage Operating Cost : $28.17 per tonne free on board (\"FOB\") mine site portProduction Rate : 4.0 million tonnes per annum (\"Mtpa\")Port Capacity : Designed for scalable throughput up to 4.0 Mtpa1 EBITDA is a non ‑ International Financial Reporting Standards (\"IFRS\") financial measure and represents earnings before interest, income taxes, depreciation and amortization. It is not defined under IFRS and may not be comparable to similar measures presented by other companies. Management believes that this measure provides useful supplemental information to investors in evaluating the Project's operating performance and its ability to generate cash flows. EBITDA is closely approximated in this model by Operating Cashflow, defined as Net Revenues less cash operating costs.Nolan Peterson, CEO and Director of Atlas Salt, stated : \"The Updated Feasibility Study marks another significant milestone in Atlas Salt's journey, highlighting Great Atlantic's potential as the leading undeveloped salt project in North America. This study reinforces our vision to deliver a long-life...