Atlas Salt Closes $10 Million Private Placement
ATLAS SALT CLOSES $10 MILLION PRIVATE PLACEMENT St. John’s, Newfoundland and Labrador, January 20, 2023 – Atlas Salt (the “Company” or “Atlas” - TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt project, is pleased to announce that further to its news releases dated January 12, 2023, and January 17, 2023, it has successfully closed the second and final tranche (the “Second Tranche”) of its $10 million non-brokered private placement (the “Offering”). Mr. Rowland Howe, Atlas Salt President, commented: “This $10 million private placement with two large institutional investors is very strategic at this stage of Great Atlantic’s development. Atlas is blessed with a unique and highly advantaged asset in the heart of a robust road salt market in eastern North America facing a domestic production shortfall, the result of only one new mine being built in the last 60 years. With these ‘anchor’ investors, Atlas […]