Atlas Salt LOIs for Sandvik equipment financing top C$300 million
Atlas Salt advanced its MOU with Sandvik into a non-binding letter of interest for equipment financing of up to about C$79 million, while a separate export credit agency issued another non-binding LOI for up to C$75 million tied to anticipated Sandvik equipment. Atlas Salt is pursuing C$350 million to C$400 million in senior secured debt supported by an updated feasibility study with C$920 million NPV8% and 21.3% IRR, with total financing LOIs exceeding C$300 million.