Triple Point Resources congratulates the four wind/hydrogen developers that received Crown Land application approvals from the Government of Newfoundland and Labrador on August 30, 2023. Triple Point CEO, Julie Lemieux said, "We are excited to see this important advancement in the development of a world-class wind/hydrogen hub for the province. With Fischell's Dome - the only proven salt dome on the east coast of North [...]
Triple Point Resources applauds the Government of Newfoundland and Labrador for advancing the province's world-class wind and green hydrogen industry with the selection of developers that will proceed to the second phase of its Wind Crown Land process. It also congratulates the companies that have been selected as part of this process. Many of these multi-year, multi-billion-dollar projects will be the cornerstones to the [...]
Highlights: New assessment and 3D model validate larger than expected salt dome - confirming potential to store more than 35 million cubic meters, or the equivalent of 180,000 tonnes of hydrogen - would make Fishell's Dome the largest salt storage facility on North America's east coast. The Company continues to strengthen its highly qualified and connected team to advance the development of the Fischell Salt Dome as part [...]
Atlas Salt and Triple Point Resources are pleased to announce that the previously announced spin-out of Triple Point through a Plan of Arrangement under the Business Corporations Act has been completed. The Arrangement was effective at 12:01 a.m. on September 22, 2022. Pursuant to the Arrangement, Atlas Salt transferred ownership of the Fischell's Brook Salt Dome and other mineral licenses prospective for salt domes to [...]
Atlas Salt Inc. is pleased to announce that on Sept. 7, 2022, the Supreme Court of British Columbia issued its final order approving a Plan of Arrangement with Triple Point Resources Ltd. The Company has set 12:01 a.m. on Sept. 22, 2022, as the effective time and date for the closing of the Arrangement. Shareholders of record as at the close of business on September 21, 2022, will be entitled to receive one Triple Point [...]
Atlas Salt Inc. is pleased to announce that at its annual general and special meeting held yesterday, holders of common shares of Atlas Salt voted overwhelmingly in favour of the special resolution to approve the proposed Plan of Arrangement with Triple Point Resources Ltd. under the Business Corporations Act. The special resolution with respect to the Arrangement was approved by 99.99% of the votes cast by shareholders [...]
Atlas Salt Inc. is pleased to provide a corporate update with the leaders of Canada and Germany expected to sign a "Hydrogen Accord" at a news conference scheduled for early this evening in Stephenville, Newfoundland. In addition to its flagship Great Atlantic Salt Project, approximately 25 km south of Stephenville, Atlas owns 100% of the Fischell's Brook salt deposit, Newfoundland and Labrador's only known salt dome with [...]
Atlas Salt is pleased to announce that it has entered into a definitive arrangement agreement with Triple Point Resources with respect to the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km. Pursuant to the Agreement, the Company agreed to distribute 23,750,000 common shares of Triple Point to the shareholders of the Company on a pro-rata basis. The [...]
Atlas Salt is pleased to announce that the Board of Directors has approved, in principle, the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km in southwest Newfoundland. In connection with the spin-out the mineral licenses will be transferred to Triple Point Resources Ltd., a subsidiary of the Company established for the purpose of the spin-out.
Atlas Salt is pleased to report that additional results from its ground gravity survey have led to the modelling of a potential second salt dome just 3 km east of the large Fischell’s Brook Salt Dome deposit. “Fischell’s Brook East” is consistent with the increasingly apparent district-scale salt potential of Atlas’ nearly 200 sq. km land package in western Newfoundland, parts of which will form a strategic near-term [...]
