Flat Bay
Gypsum Project
Early-stage, profitable open-pit production from the Ace deposit — 3 km southwest of the Great Atlantic salt deposit, in an area that has mined gypsum since the 1950s.
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Atlas Salt's
operating mine
The mine development plan for the Ace deposit was approved by Newfoundland's Department of Natural Resources in early 2018. Gypsum has been mined by open-pit quarry in this area since the 1950s, with historical production estimated at approximately 15 million tonnes — and gypsum mining is environmentally friendly, leaving behind no toxic tailings.
of gypsum/anhydrite sold from the Ace mine in 2021
sales growth over COVID-constrained 2020
of historical production from the Flat Bay area
southwest of the Great Atlantic salt deposit
Project Highlights
- Atlas sold 160,000 tonnes of gypsum/anhydrite from its Flat Bay Ace mine in 2021 — a 69% increase over 2020 sales, which were impacted by COVID-19 constraints
- Environmental approval and a mining lease obtained to process historic gypsum tailings at Flat Bay, recovering gypsum material for sale
- Tailings were produced solely by physical crushing and screening — never processed with chemicals, and as such are non-toxic
- Gypsum prices have been trending higher since 2019
- A decline in synthetic gypsum from coal-fired power plants has boosted demand for natural gypsum
- The Company is eyeing opportunities for strategic partnerships in the cement, wallboard, and drywall sectors
Decades of historic, chemical-free tailings sit at Flat Bay — already permitted for recovery by simple crushing and screening. Product without a mine build.