Newsfile Corp
29 Sept 2026, 11:49 UTC · 46m ago
Verdict
Headline takes no side. We score SALT +0.60 across four claims — strongly bullish.
+0.60strongly bullish
More positive than 77% of ticker scores this week
What the story claims
4 claims · scored −1 bearish … +1 bullish · 3 new · 1 priced in
Magnetic separation reduced iron oxide from 2.84 wt.% to as low as 0.01 wt.% while maintaining 87.7 wt.% mass recovery.
Newannounces results on September 29, 2026
More positive than 93% of claims this week
Atlas Salt will begin a maiden diamond drilling program of up to 1,500 metres at Black Bay in Q4 2026.
New
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So whatThis is the first subsurface test of the property since staking in 2016, providing the first data for a potential resource estimate.
More positive than 79% of claims this week
The diamond drilling program is funded by a $1,250,000 flow-through private placement completed in May 2026.
Priced inplacement completed in May 2026
So whatPre-funded status ensures the Q4 program proceeds without immediate equity dilution or new financing rounds.
More positive than 54% of claims this week
Black Bay is categorized as a non-core asset, with primary management focus remaining on the Great Atlantic Salt Project.
Newannounces results on September 29, 2026
So whatThe non-core designation suggests the company is unlikely to pivot its capital allocation toward Black Bay in FY2027 despite positive tests.
More negative than 62% of claims this week
Which stocks this story touches
More positive than 77% of ticker scores this week
The company reported positive beneficiation results for its Black Bay property, showing high-quality product recovery and low iron content.
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Newsfile Corp
10h ago
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