Wednesday, February 5, 2025 · St. George's, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
The Government of Canada is supporting Newfoundland and Labrador's mining industry, investing in a salt company on the province's west coast.
Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), announced a repayable contribution of $1 million for Atlas Salt Inc. to support the company's Mine Design & Optimization Initiative, a key component of the Great Atlantic Salt Project. This initiative will explore the use of low-emission battery-electric vehicles (BEVs), optimize mine design for efficiency, and conduct geotechnical and hydrological studies to support future construction and help create new economic opportunities for the region.
The project, located within the Town of St. George's, is scheduled to begin construction this year, with production expected to start in 2029. The project includes the adoption of advanced automation and digitalization technologies, advanced electrical mining solutions, and establishing sustainable salt production for domestic and export markets.
The project is expected to create up to 300 full-time construction jobs and 170 permanent positions during operations.
Today's announcement further demonstrates the Government of Canada's commitment to creating new opportunities for sustainable economic growth and job creation in rural Newfoundland and Labrador.
