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Cities Are Running Out of Salt Before Winter Even Starts

Road salt is one of those things nobody thinks about until plow trucks come back empty, and this year that's happening before the first snowfall. Some cities haven't gotten a single bid for winter supply, while others are paying nearly double last year's price.
North America doesn't mine enough of its own, which is why it ships in 8 to 10 million tonnes from places like Egypt and Chile, two weeks away by boat.
Atlas Salt (TSXV: SALT | OTCQX: SALQF) is building a mine in Newfoundland near a deepwater port where ships can reach Boston in three days. With salt, the real cost is in shipping, and CEO Nolan Peterson says the difference is so big that overseas producers could give their salt away and still come out more expensive than Atlas. The project is shovel-ready and projected to generate roughly C$188 million a year in free cash flow.
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