Triple Point Resources Ltd.
Vulcan Minerals received shares in Triple Point following its 2022 spin-out from Atlas Salt, creating strategic value in Newfoundland’s resource sector.
PROJECT DETAILS
Location
Fischell’s Brook
Triple Point Resources Ltd. (“Triple Point”)

Triple Point’s Fischells Salt Dome offers a rare, world-class opportunity to generate, convert, and store clean energy at industrial scale. As a natural underground reservoir, it has the potential to support both compressed air energy storage (CAES) and hydrogen storage; delivering flexible solutions for today’s energy economy.

Triple Point was incorporated on April 1, 2022.  On September 22, 2022, Atlas Salt closed the Triple Point spin-out through a Plan of arrangement.  Vulcan received 7,832,350 shares of Triple Point as a result of this spin-out. Triple Point does not currently trade on a public stock exchange.

Vulcan holds:
  • 7,832,350 common shares of Triple Point