Atacama Resources Presents a New
Periodic Communications Tool
THEN, NOW AND THE FUTURE – ASSET DEVELOPMENT
WEEK ONE
Atacama Resources was formed in 2015 as a Florida registered public company. The company received its trading symbol ACRL in 2016.
Atacama was formed to give investors an opportunity to participate in the growth of promising mining assets.
It became a reality when one of our founders, Nelson Riis visited the Kirkland Lake area in Ontario and met a prospector who, after meeting in Tim Hortons, informed Nelson that he had some gold claims that were in the midst of the most famous fault that Kirkland Lake gold was harvesting with great results. After showing Nelson some gold laden rocks and some cores in his yard that showed gold, he took Nelson on site to show him the area.
Nelson immediately called Glenn Grant, and they decided to pursue the opportunity and made a deal with the prospector. Atacama was now in business.
A local geologist was hired, and drilling was done on Atacama 1 which was what the claim was named. The geologist did not drill in the right location in accordance with the prospector’s advice. This resulted in less than desired results and Atacama parted company with the geologist.
In the meantime, Glenn developed a business relationship with a local geophysicist and Atacama was introduced to several different claims which were acquired to increase the asset base of Atacama. This included valuable claims consisting of rare earth properties, lithium, graphite and cobalt.
These new assets were acquired to give the company and investors the opportunity to be part of developing high demand minerals due to the advent of electric vehicles.
Atacama then started in earnest to raise funding to develop the assets that were acquired.
As with all startups, there were peaks and valleys during the moving forward process and as with all young companies the challenges continue.
Management changes were made in 2019, and development slowed down to a crawl. The original management team took the company operation back in 2022, reestablishing a viable growth plan as all but one or two claims had previously been dropped.
The new management (the original management brought back), then proceeded to negotiate and get all the claims back that were lost and added some lithium and more gold claims to the portfolio.
Atacama has since added new management in 2024 in accordance with the original plan to bring in a new team and added crucial directors with very strong reputations and major experience mining exploration. Atacama’s credibility in the mining exploration industry has now been well established.
A new communications tool has been established by incorporating a periodic log of all the assets and what is happening to them. What has happened in the past and what the future for each claim will be. Only information that is in the public domain will be released on the website, but any information registered with the Ontario Mining Commission and released in the Atacama quarterly financials are considered public information.
Please come back every week. Next week will include the latest available information on the company’s Tannahill Gold Claims. Future editions will include Atacama 3, Golden Eagle 1, Heighington lithium, Mystery Graphite, CABO Cobalt, and a couple of Rare Earth claim blocks, all in Northern Ontario and Lamothe Lithium in Western Quebec.
The company is excited about the future prospects of its holdings and is committed to keep you up to date on the company’s ground operations.