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Vulcan Minerals Inc. - Atlas Salt Inc. Releases Enhanced Updated Feasibility Study on the Great Atlantic Salt Project
ST. JOHN'S, NL / ACCESS Newswire / September 30, 2025 /Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX-V:VUL), advises that Atlas Salt Inc. (TSX-V:SALT), a related company, has released the results of an enhanced Updated Feasibility Study ("UFS") ...
About this update from Atlas Salt Inc
[{"type":"text","content":"ST. JOHN'S, NL / ACCESS Newswire / September 30, 2025 / Vulcan Minerals Inc. ("the Company" - "Vulcan") (TSX-V:VUL), advises that Atlas Salt Inc. (TSX-V:SALT), a related company, has released the results of an enhanced Updated Feasibility Study ("UFS") on the Great Atlantic Salt project in western Newfoundland. An excerpt from Atlas's news release follows. For the complete Atlas news release please link here https://atlassalt.com/news/.","length":478,"tagName":"p"},{"type":"text","content":"Summary of Updated Feasibility Study","length":36,"tagName":"p"},{"type":"text","content":"The UFS was prepared by SLR Consulting (Canada) Ltd. ("SLR"), with contributions from specialized engineering and technical partners including Shaft and Tunnel Consulting Services Ltd., Terrane Geoscience Inc., Sandvik Mining and Rock Solutions ("Sandvik"), and Tamarack Resources.","length":301,"tagName":"p"},{"type":"text","content":"The Updated Feasibility Study builds on the 2023 Feasibility Study ("2023 FS"), incorporating optimizations in mine design, throughput, port logistics, and capital efficiency. The results confirm Great Atlantic as a large scale, high-purity, low-cost underground salt project strategically positioned to serve the North American market.","length":346,"tagName":"p"},{"type":"text","content":"General Description of Operations and Process Plan","length":50,"tagName":"p"},{"type":"text","content":"The capital and operating cost estimates in the Updated Feasibility Study have been prepared in accordance with the guidelines of the Association for the Advancement of Cost Engineering (AACE) for a Class 3 estimate. This level of estimate is typically based on feasibility-level engineering, vendor quotations, and discipline-level design sufficient to support a financing decision. The accuracy range for initial capital costs is considered to be within approximately -10% to +30%, while the accuracy for operating costs is estimated to be within approximately -10% to +20%. Costs are based on Q3 2025 data.","length":609,"tagName":"p"},{"type":"text","content":"The estimates incorporate contingency allowances to reflect the current design, anticipated execution risks, and prevailing market conditions for labour, materials, and equipment. They are also benchmarked against co...