Atlas Salt announced successful beneficiation test results on nepheline syenite from its Black Bay property, reducing iron oxide impurities to 0.01-0.03%, well below industry limits, using simple magnetic separation. This high-purity product meets specifications for glass and ceramics, offering a competitive advantage due to low iron content. The company is preparing a maiden diamond drilling program to explore the deposit at depth, funded by a recent private placement and government support. While Black Bay is a non-core asset, these results highlight its potential alongside Atlas Salt's main Great Atlantic Salt Project.
Atlas Salt's nepheline syenite test results and drilling update come with Pluang market data for context. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 29, 2026 17:41 WIB: 23 of 38 priced US stocks rose and 14 fell. Notable movers include EXK at USD 9.13 (+1.90%), KGC at USD 24.47 (+1.49%), and MP at USD 47.05 (+1.29%).
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