Trudeau tells CEOs Trump wants to annex Canada for critical minerals
Canadian Prime Minister said US President's desire to annex the northern nation “is a real thing” due to its abundance of critical minerals.
Atlas Salt (TSXV: SALT) announced Tuesday it will deploy Oracle’s project and financial management solutions to support the development of the Great Atlantic Salt (GAS) deposit.
Located near the Turf Point Port in western Newfoundland, GAS represents North America’s first new salt mine in nearly three decades. The mine is initially set to produce 2.5 million tonnes of salt rocks annually.
Initially discovered through oil and gas exploration, GAS is considered one of North America’s largest shallow salt deposits and is immediately adjacent to the Flat Bay gypsum deposit, whose mines produced a reported 15 million tonnes from the 1950s until production ceased in 1990.
According to Atlas, an NI-43-101 report independently verified a salt resource of 383 million tonnes indicated (grading 96% salt) and 868 million tonnes inferred (grading 95.2% salt) for the GAS deposit. Within these resources, mineral reserves in the probable category totalled 88.1 million tonnes at 96% salt.
The company said its planned state-of-the-art “Salt Factory” would be the first new underground salt operation in North America and contribute to a significant domestic production shortfall.
The Oracle solutions, it added, will be able to optimize its operations to accelerate project timelines, address potential supply chain disruptions and help control costs. The company anticipates that efficiencies unlocked by these tools will save millions of dollars and cut several months off the project timeline set out in the feasibility study issued in May 2024.
The Oracle Aconex will be used to support Atlas’ work on the GAS proejct — now moving into its execution phase — with critical capabilities for collaboration and change. Atlas said it plans to use NetSuite’s enterprise resource planning system to help improve visibility across the business.
“By providing a single source of truth for our data, including drawings, approvals, and documents, we can quickly incorporate feedback from in-field contractors into our project schedules, helping us stay agile and proactive in addressing any scheduling issues or risks,” Atlas’ mine project manager Andrew Smith said in Tuesday’s news release.
“We anticipate that the collaborative tools and methodologies provided by these solutions will result in significant time and cost savings that set us up to achieve our goal to deliver the GAS project as Canada’s next salt mine.”
