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ATLAS SALT CORPORATE UPDATE

ATLAS SALT CORPORATE UPDATE St. John’s, Newfoundland and Labrador, May 18, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF; FSE: 9D00), 100% owner of North America’s premier undeveloped high-grade salt project on the west coast of Newfoundland, is pleased to provide the following corporate update: Great Atlantic Project  Atlas has completed a successful 4-hole geotechnical drill program at Great Atlantic aimed at providing valuable additional information on the underground decline route and surface portal entry for the first North American salt deposit to be accessed through inclined ramps vs. vertical shafts. Mr. Rowland Howe, President of Atlas Salt, commented: “This latest work further supports Great Atlantic as a unique asset in the North American road salt market. Given the conservative assumptions in the Preliminary Economic Assessment, this data will assist in the process of optimizing the Feasibility Study.” Hole D-1, approximately midway along the decline […]

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ATLAS DRILLS 305.5 METERS OF MASSIVE SALT IN EASTERN STEP-OUT AT GREAT ATLANTIC

ATLAS DRILLS 305.5 METERS OF MASSIVE SALT IN EASTERN STEP-OUT AT GREAT ATLANTIC St. John’s, Newfoundland and Labrador, March 23, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF; FSE: 9D00) announces that drill hole CC-9b, collared 250 meters east of CC-4 into an untested part of Great Atlantic, has cut a 336-meter gross interval of salt highlighted by thick sections of massive salt comprising 305.5 meters grading 95.56% sodium chloride (NaCl – salt). Highlights: The first major section (168 meters) of massive salt started at a depth of only 240 meters, and included 6.39 meters of 99.1% salt, further solidifying Great Atlantic as the shallowest deposit in the heart of the robust North American road salt market; High-grade massive salt is continuous throughout almost the entire drill hole from 240 meters (see attached table), interspersed with only three minor intervals of salty mudstone; Very high […]

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INDEPENDENT PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR ATLAS SALT’S GREAT ATLANTIC FILED ON SEDAR

INDEPENDENT PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR ATLAS SALT’S GREAT ATLANTIC FILED ON SEDAR St. John’s, Newfoundland and Labrador, March 16, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF) announces that further to its news release of January 30, 2023, the Company has filed a technical report on SEDAR in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects for the Great Atlantic Salt Project on the west coast of Newfoundland. The report is entitled “Technical Report on the Great Atlantic Salt Project, Newfoundland and Labrador, Canada, Report for NI 43-101”. The report was prepared by SLR Consulting (Canada) Ltd. and has an effective date of January 30, 2023. A link to the report is also available on the Company’s website at  www.atlassalt.com. Corporate Video Click on the following link to view Atlas Salt’s latest corporate video: https://youtu.be/RlH5–Q2Vu0 Project Map Qualified Person Patrick […]

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ATLAS SALT CORPORATE UPDATE

ATLAS SALT CORPORATE UPDATE St. John’s, Newfoundland and Labrador, February 21, 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 provide the following corporate update. Highlights: CEO Patrick Laracy has initiated a process to recruit a new CEO for the company, consistent with Atlas’ corporate strategy to maximize shareholder value for the Great Atlantic Project now that an independent Preliminary Economic Assessment has confirmed the potential of this asset to disrupt a sector that has experienced $5.2 billion (U.S.) in acquisitions since 2020; The goal is to select a new CEO through a rigorous process over the next few weeks, a dynamic individual with proven mining development credentials and deal making abilities to lead Atlas through this critical new stage of its corporate history; In addition to recruiting a new CEO, Atlas will […]

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Independent Preliminary Economic Assessment for Atlas Salt’s Great Atlantic Project Supports State-of-the-Art “Salt Factory” Vision

INDEPENDENT PRELIMINARY ECONOMIC ASSESSMENT FOR ATLAS SALT’S GREAT ATLANTIC PROJECT SUPPORTS STATE-OF-THE-ART “SALT FACTORY” VISION St. John’s, Newfoundland and Labrador, January 30, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF) is pleased to announce the results of an independent Preliminary Economic Assessment (PEA) and updated Mineral Resource estimate prepared by SLR Consulting (Canada) Ltd. (SLR) on its 100%-owned Great Atlantic Salt Project located on the west coast of Newfoundland. Great Atlantic is the premier undeveloped salt deposit situated in the heart of a large regional U.S./Canadian road salt market facing a significant domestic production shortfall. Highlights: Pre-tax internal rate of return (IRR) of 22%; NPV(8) of $909 million; payback in 4.2 years after commencement of operations; Base case of 2.5 million tonnes per year (Mtpa) production for a 30-year mine life with a mine and processing design to accommodate expansion up to 4 million tonnes per […]

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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 […]

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Atlas Salt Announces Closing of First Tranche of Strategic $10 Million Private Placement

ATLAS SALT ANNOUNCES CLOSING OF FIRST TRANCHE OF STRATEGIC $10 MILLION PRIVATE PLACEMENT St. John’s, Newfoundland and Labrador, January 17, 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 release dated January 12, 2023, it has successfully closed the first tranche (“First Tranche”) of its $10 million non-brokered private placement (the “Offering”). The balance of the $10 million Offering is fully spoken for and is expected to close January 19, 2023.     In the First Tranche the Company issued an aggregate of 2,500,000 units (the “Units”) at a price of $2.00 per Unit for gross proceeds of $5,000,000. Each Unit consisted of one common share of the Company and one-half of one common share ‎purchase warrant for an aggregate of 2,500,000 common shares and 1,250,000 warrants. Each […]

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Atlas Salt Announces Institutionally Targeted Strategic Private Placement for up to $10 Million

ATLAS SALT ANNOUNCES INSTITUTIONALLY TARGETED STRATEGIC PRIVATE PLACEMENT FOR UP TO $10 MILLION St. John’s, Newfoundland and Labrador, January 12, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt project, announces a non-brokered private placement for up to five million units at a price of $2.00 per unit for aggregate gross proceeds of up to $10,000,000 (the “Offering”) targeting strategic institutional investors. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one common share at a price of $2.40 per share at any time two years from the closing of the Offering. The Offering is scheduled to close on or about January 16, 2023 (the “Closing Date”), or such later date as the Company may determine, and […]

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Atlas Drills Into Thick Salt Bed in Easternmost Hole at Great Atlantic

ATLAS DRILLS INTO THICK SALT BED IN EASTERNMOST HOLE AT GREAT ATLANTIC St. John’s, Newfoundland and Labrador, January 11, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt project, has intersected a thick bed of salt in the easternmost drill hole at Great Atlantic. Drill hole CC-9 cut a gross interval of salt over 333 meters (1,092 feet) starting from a depth of 243 meters. The drill hole was collared 250 meters east of CC-4 and is anticipated to be the last drill hole for resource classification purposes subject to final analytical results pursuant to the ongoing Feasibility Study. Mr. Rowland Howe, Atlas President, commented: “This step-out drill hole adds an exclamation mark to the work completed to date and further demonstrates the scale of this massive homogeneous deposit that begins at unusually shallow depths compared to […]

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Atlas Salt Nears Economic Analysis for Great Atlantic

ATLAS SALT NEARS ECONOMIC ANALYSIS FOR GREAT ATLANTIC St. John’s, Newfoundland and Labrador, December 8, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to provide the following update on its 100%-owned Great Atlantic Project, North America’s premier undeveloped salt deposit in the heart of a large regional U.S./Canadian road salt market facing a significant domestic production shortfall. Highlights: Ongoing drilling, nearing completion, continues to confirm the large resource endowment of high-grade Great Atlantic salt and has yet to find the limits of this minimum 2.5-kilometer-long deposit trending northeast toward the Turf Point Port on the west coast of Newfoundland; Great Atlantic is unusually shallow by industry standards with geotechnical data continuing to support the objective of accessing this deposit through an inclined ramp as a unique and highly efficient mining method among North American salt deposits, subject to final Feasibility assessment; Project economics due shortly: SLR Consulting […]

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May 18, 2023
Atlas Salt Corporate Update

March 23, 2023
Atlas Drills 305.5 Meters of Massive Salt in Eatern Step-Out at Great Atlantic

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