Atlas Salt Closes $1.25 Million Flow-Through Financing
Atlas Salt Closes $1.25 Million Flow-Through Financing St. George’s, Newfoundland and Labrador – May 22, 2026 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQX: SALQF; FRA: 9D00) announces that it that it has closed its previously announced non-brokered private placement financing (the “Offering”) consisting of 961,539 flow-through common shares of the Company (the “FT Shares”) at a price of $1.30 per FT Share for aggregate gross proceeds of $1,250,000. Each FT Share qualifies as a “flow-through share” for purposes of the Income Tax Act (Canada) (the “Tax Act”). The gross proceeds raised from the issuance of the FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Tax Act to advance exploration on the nepheline discovery at its Black Bay Property in Southern Labrador. All securities issued pursuant […]