Atlas to develop Newfoundland’s Great Atlantic Salt deposit 

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.  

The GAS project, which is set to initially produce up to 2.5 million tons of rock salt annually, represents North America’s first new salt mine in nearly three decades.  

Located near the Turf Point Port in western Newfoundland, the GAS deposit was initially discovered through oil and gas exploration. It is considered one of North America’s largest shallow salt deposits and it 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 the company, and NI-43-101 report independently verified salt resource featuring 383 Mt Indicated (grading 96.0% salt) and 868 Mt Inferred (grading 95.2% salt). Within these resources, Mineral Reserves in the Probable category total 88.1 Mt at 96.0% salt.

Atlas 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.

Atlas said with the Oracle solutions it will be able to optimize its operations to accelerate project timelines, address potential supply chain disruptions, and help control costs. The company said it 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 for the GAS Project issued in May 2024. 
 
Oracle Aconex is supporting Atlas Salt’s work on the Great Atlantic Salt deposit - now moving into its execution phase - with critical capabilities for collaboration and change. Atlas said it will 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.”