- Atlas Salt’s (SALT) common shares are now eligible for electronic clearing and settlement in the U.S.
- The services will be provided by the Depository Trust Company (DTC)
- DTC eligibility offers potentially greater liquidity, execution speeds, and access to a wider pool of U.S. investors as Atlas ramps up its Great Atlantic Salt Deposit to production
- Atlas Salt is developing its high-grade Great Atlantic Salt Deposit in Newfoundland, which is advancing through the feasibility stage
- Atlas Salt (SALT) is down by 1 per cent, trading at $1.98 per share
Atlas Salt’s (SALT) common shares are now eligible for electronic clearing and settlement in the U.S.
The services will be provided by the Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation.
DTC eligibility offers potentially greater liquidity and execution speeds and opens the door to new U.S. investors.
The news follows Atlas’ recent uplisting from the OTC Pink Market to the OTCQB Venture Market under the ticker symbol REMRF.
The company’s Great Atlantic Project in Newfoundland has the potential to become a major presence in the U.S. road salt sector amidst production shortfalls. The property contains an NI 43-101 inferred resource of 908 million tonnes grading 96.9 per cent salt.
“As we prepare to bring more American and global awareness to the premier undeveloped salt project in North America, DTC eligibility combined with our recent upgrade to the OTCQB represents Atlas’ commitment to increasing visibility and accessibility for existing shareholders in the United States and potential new investors there,” stated Rowland Howe, Atlas’ President.
Atlas Salt is developing its high-grade Great Atlantic Salt Deposit in Newfoundland, which is advancing through the feasibility stage. Atlas is also the largest shareholder of Triple Point Resources, which owns mineral licenses in Newfoundland and has applied to list on the CSE.
Atlas Salt (SALT) is down by 1 per cent, trading at $1.98 per share as of 1:25 pm EST.