Atlas Salt Appoints Endeavour Financial as Financial Advisor for the Project Financing of its Great Atlantic Salt Project
Atlas Salt Appoints Endeavour Financial as Financial Advisor for the Project Financing of its Great Atlantic Salt Project St. John’s, Newfoundland and Labrador – December 10, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the appointment of Endeavour Financial as its financial advisor to lead the arrangement of project financing for the Great Atlantic Salt Project (the “Project”). Atlas Salt aims to secure $350–$400 million in senior secured debt, with the potential for additional subordinated debt, based on preliminary modeling. This financing initiative builds on significant achievements in 2024 that not only de-risk the Company and the Project but also position Atlas Salt to secure financing for the development of this transformative project. Key 2024 Milestones Project Highlights Validated the Project’s low-carbon footprint with Stantec Consulting. Released from the Environmental Assessment process. Completed mine simulation and verification study with […]