Atlas Salt Inc (SALT) AI Stock Analysis

• Market Cap: C$77.88M
• Dividend Yield: N/A
• Average Volume (3M): 143.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: N/A
• EPS Growth: 33.25%
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 108,167,366
• 10 Day Avg. Volume: 84,412
• 30 Day Avg. Volume: 143,484
• PEG Ratio: 0.63
• Price to Book (P/B): 2.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.59 ▼(-1.50% Downside)

The score is held down primarily by pre-revenue operations with recurring losses and ongoing cash burn, with additional pressure from weak/mixed technical momentum. Strengths include a low-debt balance sheet and a series of positive corporate milestones (financing, feasibility updates, and project partnerships) that support execution progress.

Positive Factors

Project Advancements

Advancements in the Great Atlantic Salt Project, including financing and engineering, position Atlas Salt favorably for future growth and operational readiness.

Leadership Strengthening

The appointment of Bob Kelly to the Board brings valuable mining expertise, enhancing strategic oversight and operational focus as the company develops its key projects.

Sustainable Initiatives

Investment in sustainable technologies for the Great Atlantic Salt Project supports long-term environmental goals and positions Atlas Salt as a leader in green mining.

Negative Factors

No Revenue Generation

The lack of revenue generation poses significant risks to Atlas Salt's financial health, limiting its ability to fund operations and invest in growth opportunities.

Negative Cash Flow

Persistent negative cash flow highlights operational inefficiencies, which could strain financial resources and hinder the company's ability to sustain its projects.

CEO Transition

The CEO transition amid project advancements may create leadership uncertainty, potentially impacting strategic continuity and execution of key initiatives.

Atlas Salt Inc Business Overview & Revenue Model

Company Description

Atlas Salt Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for potash, salt, gypsum, and other mineral deposits. It holds 100% interest in the Great Atlantic salt project in the Bay St. George Basin of Western Newfoundland. The company also holds interests in the Ace Gypsum project located in the dormant Flat Bay gypsum mines to the southwest of the Great Atlantic salt deposit; and the Black Bay Nepheline property located in southern Labrador. As of December 31, 2021, the company had 30 mineral licenses approximately 21,725 hectares in the Bay St. George region of Western Newfoundland and in Black Bay, Labrador. The company was formerly known as Red Moon Resources Inc. and changed its name to Atlas Salt Inc. in August 2021. Atlas Salt Inc. was incorporated in 2011 and is headquartered in St. John's, Canada.

How the Company Makes Money

Atlas Salt Inc primarily generates revenue through the sale of salt extracted from its mining operations. The company's key revenue streams include bulk sales to industrial clients who use salt for de-icing roads and highways, as well as sales to the water conditioning industry. Additionally, Atlas Salt may have strategic partnerships with distribution companies to enhance its market reach. These partnerships, along with the company's efficient production processes, contribute significantly to its earnings. As a resource-focused company, Atlas Salt's financial performance is also influenced by market demand, commodity prices, and operational efficiencies.

Atlas Salt Inc Financial Statement Overview

Summary

Atlas Salt Inc. faces ongoing financial difficulties with no revenue generation and persistent negative income figures. Despite a strong equity base and no debt, the lack of operational cash flow and continuous losses pose significant risks to its financial health.

Income Statement

Atlas Salt Inc. shows a challenging income environment with no reported revenues and consistently negative net income over the past years. The TTM period continues this trend with negative gross and net profit margins, indicating ongoing financial strain.

Balance Sheet

The balance sheet reflects a strong equity position with zero debt, contributing to a solid equity ratio of 97.64% in the TTM period. This indicates financial stability, but the lack of revenue generation remains a concern.

Cash Flow

Free cash flow remains negative, indicating operational challenges. However, the company has managed its financing activities well to maintain liquidity, but the inability to generate positive cash flow from operations is a significant concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-46.18K	-42.45K	-12.91K	-3.39K	-1.40K	-525.00
EBITDA	-2.56M	-3.13M	-4.51M	-3.37M	-2.17M	-184.88K
Net Income	-2.60M	-3.68M	-4.84M	511.22K	-2.15M	-185.41K
Balance Sheet
Total Assets	19.63M	21.97M	22.37M	16.05M	11.25M	2.07M
Cash, Cash Equivalents and Short-Term Investments	1.65M	8.03M	12.19M	9.27M	8.80M	280.39K
Total Debt	197.48K	120.14K	0.00	0.00	0.00	0.00
Total Liabilities	1.42M	1.70M	597.90K	1.24M	423.96K	258.82K
Stockholders Equity	18.21M	20.27M	21.78M	14.81M	10.83M	1.81M
Cash Flow
Free Cash Flow	-5.76M	-4.29M	-7.20M	-4.35M	-2.00M	-173.90K
Operating Cash Flow	-2.13M	-1.02M	-3.47M	-1.07M	-1.10M	-110.16K
Investing Cash Flow	-5.32M	-3.28M	-3.34M	-3.47M	-543.83K	123.71K
Financing Cash Flow	160.00K	143.07K	9.72M	5.00M	10.17M	0.00

Atlas Salt Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SALT, the sentiment is Positive. The current price of 0.6 is below the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.65, and above the 200-day MA of 0.52, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.09 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SALT.

Atlas Salt Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
AZM	53 Neutral	C$80.50M	-30.04	-4.67%	―	―	-5360.00%
GMA	50 Neutral	C$60.99M	-22.07	-102.86%	―	-100.00%	-33.58%
SRL	48 Neutral	C$54.75M	-20.27	-11.93%	―	―	73.94%
SALT	47 Neutral	C$77.88M	-26.22	-13.22%	―	―	33.25%
FT	46 Neutral	C$61.42M	-10.29	―	―	―	-82.14%
RTG	45 Neutral	C$57.35M	-7.14	-42.68%	―	―	33.33%

Atlas Salt Inc Corporate Events

Atlas Salt Inc. Begins Trading on OTCQX Market

Atlas Salt Inc. has announced that its shares will begin trading on the OTCQX Market under the symbol ‘SALQF’, transitioning from the OTCQB Venture Market. This move is expected to enhance the company’s visibility and liquidity, making its shares more accessible to a broader market of investors, as it continues to advance its Great Atlantic Salt Project.

Atlas Salt Partners with Hatch for Great Atlantic Salt Project

Atlas Salt Inc. has signed a non-binding Memorandum of Understanding with Hatch Ltd., appointing them as the Lead Engineering and Integrated Project Delivery Partner for the Great Atlantic Salt Project. This partnership leverages Hatch’s extensive experience in underground soft-rock mining and their strong local presence in Newfoundland and Labrador. The collaboration aims to enhance safety, design efficiency, and execution certainty, ensuring the project aligns with Atlas Salt’s development strategy. The partnership is expected to positively impact Atlas Salt’s operations by integrating advanced digital engineering tools and fostering community engagement, positioning the company for success in the salt mining industry.

Atlas Salt Files Updated Feasibility Study for Great Atlantic Project

Atlas Salt Inc. has announced the filing of an independent technical report for the updated feasibility study of its Great Atlantic Salt Project, confirming no material differences from previous disclosures. This development is pivotal for Atlas Salt as it reinforces the company’s strategic positioning in the North American salt market, potentially impacting stakeholders through enhanced project economics and operational efficiencies.

Atlas Salt Partners with Continental Conveyor for Great Atlantic Salt Project

Atlas Salt Inc. has signed a Memorandum of Understanding with Continental Conveyor to design and supply material handling systems for the Great Atlantic Salt Project. This partnership marks a significant milestone, as Continental’s expertise in bulk material handling and Canadian manufacturing capabilities will ensure the project’s successful execution, enhancing Atlas Salt’s operational confidence and industry positioning.

Atlas Salt Secures $8.7M in Financing for Great Atlantic Project

Atlas Salt Inc. has successfully closed a brokered private placement financing, raising $8.7 million to advance its Great Atlantic Salt Project. The participation of a strategic investor highlights confidence in the project’s improved economics and potential, positioning Atlas Salt as an attractive investment opportunity.

Atlas Salt Exceeds Private Placement Target with $8 Million Offering

Atlas Salt Inc. has announced that its private placement offering has exceeded its targeted gross proceeds, reaching approximately $8,041,000. This offering, co-led by Raymond James Ltd. and Ventum Financial Corp., is expected to issue a minimum of 10,000,000 common shares at $0.80 each. The proceeds will be used for civil engineering work related to the Great Atlantic Salt Project and general corporate purposes. The offering is set to close by October 21, 2025, subject to necessary approvals, and includes participation from certain insiders, constituting a related party transaction.

Atlas Salt Inc. Launches $8 Million Private Placement to Advance Salt Project

Atlas Salt Inc. has announced a private placement offering to raise up to $8 million through the sale of 10 million common shares at $0.80 each. The proceeds are intended to fund civil engineering work for the Great Atlantic Salt Project and for general corporate purposes. This strategic move is expected to bolster the company’s development efforts and strengthen its position in the mining industry. The offering is subject to regulatory approvals and is anticipated to close by October 21, 2025.