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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
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      DC 20549</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of earliest event reported) May 29, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><u>ATLAS
      MINERALS INC.</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
      name of Registrant as specified in its Charter)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2"><strong>COLORADO</strong></font></div>
            </td>
            <td valign="top" width="32%"><font size="2"><strong>0-02714</strong></font></td>
            <td align="left" valign="top" width="32%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong><font size="2">84-1533604</font></strong></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction of</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incorporation
                or organization)</font></div>
            </td>
            <td valign="top" width="32%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
                Number)</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                Employer</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                Number)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <td valign="bottom" width="45%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>8040
                South Kolb Road, Tucson, AZ</strong></font>&#160;</div>
            </td>
            <td align="left" valign="bottom" width="4%" style="border-bottom: black thin solid;">&#160;</td>
            <td valign="bottom" width="45%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>85706</strong></font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                of principal executive offices)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td valign="bottom" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                Code)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Address
      of principal executive
      office)</font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
      telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(520)
      889-2040</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
      1.02
      Entry into a Material Definitive Agreement </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Option
      Agreement with GSA Resources, Inc. for Sale of Certain
      Property</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      May
      29, 2006, Atlas Minerals, Inc., a Colorado corporation, and its wholly owned
      subsidiary, White Cliffs Mining, Inc., an Arizona corporation (Atlas Minerals,
      Inc. and White Cliffs Mining, Inc., are hereafter referred individually and
      collectively as &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our), entered into an agreement with GSA
      Resources, Inc., an Arizona corporation (hereafter referred to as &#8220;GSA&#8221;) (&#8220;the
      Agreement&#8221;) which provides for the transfer and sale of our 100% interest and
      rights to a diatomite* mineral property consisting of: (a) twenty unpatented
      placer mining claims covering 3,120 acres in Arizona, which are specifically
      described in Schedule A to the Agreement; and (b) a reclamation bond, plant
      facilities, and equipment, which are specifically described in Schedule B to
      the
      Agreement. The assets described in Schedules A and B are collectively referred
      to hereafter as &#8220;the Property.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      addition to the above, the terms of the Agreement consist of the following:
      </font></div>
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        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Property
      Sale</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
      will
      transfer the Property directly to GSA or to GSA&#8217;s assignee, in GSA&#8217;s discretion,
      free and clear of all liabilities, except as set forth in the Agreement. Upon
      the sale of the Property, GSA will assume any non-financial encumbrances and
      liabilities of the Property, such as easements. Additionally, upon the sale
      of
      the Property, we will transfer any and all assessments, reports, geological
      and
      sample data and any other information or data that is in our possession or
      that
      we own.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Consideration</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
      the
      terms of the Agreement, in exchange for the Property, GSA will pay us $225,000
      and upon completion of its due diligence, GSA or its assigns has the option
      at
      its discretion to purchase all of our subsidiary&#8217;s (White Cliffs Mining, Inc.)
      issued and outstanding shares. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Closing</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Closing
      of the transaction will occur on the first business day after the 60</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      day from
      execution of the Agreement by both parties or on such other date as the parties
      may agree. The Agreement provides GSA will pay us a non-refundable deposit
      of
      $15,000 upon execution of the Agreement, which will represent a portion of
      the
      $225,000 purchase price. GSA may obtain a 45-day extension to close the
      transaction by paying us an additional non-refundable deposit of $10,000, which
      will also be applied toward the purchase price.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Due
      Diligence</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Agreement provides that GSA will have the right to conduct due diligence on
      the
      Property and GSA and its representatives will have full access to the
      management, properties, books, records, contracts, commitments and other
      documents regarding the Property that are in our possession. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Closing
      Conditions</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      transaction is subject to: (a) GSA being satisfied in its sole discretion with
      the results of its due diligence review; and (b) all representations and
      warranties contained in the Agreement and other documents in connection with
      the
      transaction, will be true and correct as of the date of the closing.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*D</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">iatomite
      is a chalk-like, soft, friable, earthy, very fine-grained, siliceous sedimentary
      rock, usually light in color (white if pure, commonly buff to gray in situ,
      and
      rarely black).&#160; It is very finely porous, very low in density (floating on
      water at least until saturated), and essentially chemically inert in most
      liquids and gases.&#160; It also has low thermal conductivity and a rather high
      fusion point.&#160; Diatomite is now used principally as a filter aid; but it
      has many other applications, such as an absorbent for industrial spills and
      as
      pet litter, a filler in a variety of products from paints to dry chemicals,
      an
      insulation material as sawn and molded shapes as well as loose granular, a
      mild
      abrasive in polishes, and a silica additive in cement and various other
      compounds (Source: United States Department of the Interior, US Geological
      Survey, at www.minerals.usgs.gov.)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
        9.01
        Financial Statements and Exhibits</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)
        Exhibits. The exhibits listed below are filed with this report.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div>
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              <td align="left" valign="middle" width="8%">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
              </td>
              <td align="left" valign="middle" width="70%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Agreement
                  between Atlas Minerals, Inc., White Cliffs Mining, Inc. and GSA
                  Resources,
                  Inc.</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div align="left"><br>&#160;</div>
    </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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            <tr bgcolor="white">
              <td width="33%"><font size="2">May 31, 2006</font></td>
              <td width="33%">&#160;</td>
              <td width="33%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="33%">&#160;</td>
              <td width="33%">&#160;</td>
              <td width="33%">&#160;</td>
            </tr>
            <tr bgcolor="white">
              <td width="33%" style="border-bottom: black thin solid;"><font size="2">ATLAS
                MINERALS, INC. </font></td>
              <td width="33%" style="border-bottom: #ffffff solid;">&#160;</td>
              <td width="33%" style="border-bottom: #ffffff solid;">&#160;</td>
            </tr>
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              <td width="33%"><font size="2">(Registrant)</font></td>
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{"company-data": {"conformed-name": "ATLAS MINERALS INC", "cik": "0000008302", "assigned-sic": "1040", "irs-number": "841533604", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-02714", "film-number": "06879316"}, "business-address": {"street1": "10920 W. ALAMEDA AVENUE", "street2": "SUITE 205", "city": "LAKEWOOD", "state": "CO", "zip": "80226", "phone": "3033060823"}, "mail-address": {"street1": "10920 W. ALAMEDA AVENUE", "street2": "SUITE 205", "city": "LAKEWOOD", "state": "CO", "zip": "80226"}, "former-company": {"former-conformed-name": "ATLAS CORP", "date-changed": "19920703"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      DC 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
      of
      Report (Date of earliest event reported) May 29, 2006
ATLAS
      MINERALS INC.
(Exact
      name of Registrant as specified in its Charter)
COLORADO
0-02714
84-1533604
(State
                or other jurisdiction of
incorporation
                or organization)
(Commission
File
                Number)
(I.R.S.
                Employer
Identification
                Number)
8040
                South Kolb Road, Tucson, AZ
85706
(Address
                of principal executive offices)
(Zip
                Code)
(Address
      of principal executive
      office)
Registrant's
      telephone number, including area code:
(520)
      889-2040
Item
      1.02
      Entry into a Material Definitive Agreement
Option
      Agreement with GSA Resources, Inc. for Sale of Certain
      Property
On
      May
      29, 2006, Atlas Minerals, Inc., a Colorado corporation, and its wholly owned
      subsidiary, White Cliffs Mining, Inc., an Arizona corporation (Atlas Minerals,
      Inc. and White Cliffs Mining, Inc., are hereafter referred individually and
      collectively as "we", "us" or "our), entered into an agreement with GSA
      Resources, Inc., an Arizona corporation (hereafter referred to as "GSA") ("the
      Agreement") which provides for the transfer and sale of our 100% interest and
      rights to a diatomite* mineral property consisting of: (a) twenty unpatented
      placer mining claims covering 3,120 acres in Arizona, which are specifically
      described in Schedule A to the Agreement; and (b) a reclamation bond, plant
      facilities, and equipment, which are specifically described in Schedule B to
      the
      Agreement. The assets described in Schedules A and B are collectively referred
      to hereafter as "the Property."
In
      addition to the above, the terms of the Agreement consist of the following:
Property
      Sale
We
      will
      transfer the Property directly to GSA or to GSA's assignee, in GSA's discretion,
      free and clear of all liabilities, except as set forth in the Agreement. Upon
      the sale of the Property, GSA will assume any non-financial encumbrances and
      liabilities of the Property, such as easements. Additionally, upon the sale
      of
      the Property, we will transfer any and all assessments, reports, geological
      and
      sample data and any other information or data that is in our possession or
      that
      we own.
Consideration
Under
      the
      terms of the Agreement, in exchange for the Property, GSA will pay us $225,000
      and upon completion of its due diligence, GSA or its assigns has the option
      at
      its discretion to purchase all of our subsidiary's (White Cliffs Mining, Inc.)
      issued and outstanding shares.
Closing
Closing
      of the transaction will occur on the first business day after the 60
th
day from
      execution of the Agreement by both parties or on such other date as the parties
      may agree. The Agreement provides GSA will pay us a non-refundable deposit
      of
      $15,000 upon execution of the Agreement, which will represent a portion of
      the
      $225,000 purchase price. GSA may obtain a 45-day extension to close the
      transaction by paying us an additional non-refundable deposit of $10,000, which
      will also be applied toward the purchase price.
Due
      Diligence
The
      Agreement provides that GSA will have the right to conduct due diligence on
      the
      Property and GSA and its representatives will have full access to the
      management, properties, books, records, contracts, commitments and other
      documents regarding the Property that are in our possession.
Closing
      Conditions
The
      transaction is subject to: (a) GSA being satisfied in its sole discretion with
      the results of its due diligence review; and (b) all representations and
      warranties contained in the Agreement and other documents in connection with
      the
      transaction, will be true and correct as of the date of the closing.
*D
iatomite
      is a chalk-like, soft, friable, earthy, very fine-grained, siliceous sedimentary
      rock, usually light in color (white if pure, commonly buff to gray in situ,
      and
      rarely black).  It is very finely porous, very low in density (floating on
      water at least until saturated), and essentially chemically inert in most
      liquids and gases.  It also has low thermal conductivity and a rather high
      fusion point.  Diatomite is now used principally as a filter aid; but it
      has many other applications, such as an absorbent for industrial spills and
      as
      pet litter, a filler in a variety of products from paints to dry chemicals,
      an
      insulation material as sawn and molded shapes as well as loose granular, a
      mild
      abrasive in polishes, and a silica additive in cement and various other
      compounds (Source: United States Department of the Interior, US Geological
      Survey, at www.minerals.usgs.gov.)
Item
        9.01
        Financial Statements and Exhibits
(d)
        Exhibits. The exhibits listed below are filed with this report.
10.1
Agreement
                  between Atlas Minerals, Inc., White Cliffs Mining, Inc. and GSA
                  Resources,
                  Inc.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
May 31, 2006
ATLAS
                MINERALS, INC.
(Registrant)
/s/
                Roy Shipes
Roy Shipes
Chief Executive Officer