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The company is scheduled to share its quarterly update this Thursday. As Atlas Salt is currently in the pre-production phase for its Great Atlantic Salt Project, the actual profit and loss numbers matter less than updates on its timeline. Investors should look for progress on securing full construction financing and any new details on the mine's development schedule.
The company signed a preliminary agreement with CN, a major North American railroad, to evaluate moving de-icing salt from its Great Atlantic Salt Project. This study will look at multi-modal solutions, which involve using different types of transport like rail and ship to get products to customers.
This is a positive step because the project's success depends on being the lowest-cost supplier to the US East Coast. While the mine already has a major advantage with its deep-water port access, adding efficient rail options could expand its reach into inland markets and further lower its shipping costs.