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Atlas Salt Enters Strategic MOU with Sandvik Mining and Rock Solutions for Underground Mobile Equipment Supply, Including $73 Million Financing
ST. JOHN'S, NEWFOUNDLAND and LABRADOR / ACCESSWIRE / September 9, 2024 / Atlas Salt Inc. ("Atlas ...
About this update from Atlas Salt Inc
[{"type":"text","content":"Atlas Salt Enters Strategic MOU with Sandvik Mining and Rock Solutions for Underground Mobile Equipment Supply, Including $73 Million FinancingST. JOHN'S, NEWFOUNDLAND and LABRADOR / ACCESSWIRE / September 9, 2024 / Atlas Salt Inc. (\"Atlas Salt\" or the \"Company\") (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the signing of a comprehensive non-binding Memorandum of Understanding (MOU) with Sandvik Mining and Rock Solutions (\"Sandvik\"). This strategic partnership establishes Sandvik as the preferred underground mobile mining equipment supplier and Integrated Project Delivery (\"IPD\") Partner for the Great Atlantic Salt Project.This partnership with Sandvik is a significant step forward in the development of the Great Atlantic Salt Project, enhancing the Project's operational capabilities with state-of-the-art equipment designed for safety, efficiency, and sustainability. Sandvik's offerings include the integration of their AutoMine® automation system, which will elevate the mine's operations through tele-remote and autonomous functionalities, thereby reducing operational risks and increasing productivity.Key Highlights of the MOU:Purchase of Advanced Electric Mining Equipment: As part of this partnership, Atlas Salt will acquire a fleet of cutting-edge mining equipment from Sandvik. This includes three MB670-1 high-capacity continuous miners, one MT521 roadheader, five TH550B 50-tonne battery-electric haul trucks, two Toro™ LH518iB 18-tonne battery-electric loaders, and one DS412iE battery-powered bolter.Automation, Digital Integration, and Network Infrastructure: Included with the mining fleet will be the development of the Automine® system for core fleet automation. This system will enable tele-remote and autonomous operations, making underground mining safer, more sustainable and productive. Additionally, the fleet will feature a suite of Newtrax hardware and complementary software products designed to provide proximity detection, collision avoidance, and data-driven productivity and safety modules, ensuring safe and efficient equipment operation. Supporting this digital transformation is Ambra Solutions' advanced network infrastructure, which ensures seamless wireless communication and data distribution throughout the underground environment.Battery Management Service: Sandvik's innovative Battery Man...