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Independent Feasibility Study And Expansion Case For Atlas Salt’s Great Atlantic Project

INDEPENDENT FEASIBILITY STUDY AND EXPANSION CASEFOR ATLAS SALT’S GREAT ATLANTIC PROJECT St. John’s, Newfoundland and Labrador, August 28, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to announce the results of a Feasibility Study (FS) and updated Mineral Resource estimate prepared by SLR Consulting (Canada) Ltd. (SLR) on its 100%-owned Great Atlantic Salt Project (“Great Atlantic”, or the “Project”) located in western Newfoundland, Canada. The FS represents a significant economic improvement over the Preliminary Economic Assessment (PEA), also completed by SLR, released by Atlas January 30, 2023 (all figures in Canadian dollars). In addition, SLR has also provided an expansion case to 4.0 million tonnes per year (Mtpa) of road deicing salt over a 47.5-year mine life presented at a Preliminary Economic Assessment (PEA) level analysis. This demonstrates a robust upside production scenario with a pre-tax net present value (NPV) at 8% of $2.015 billion (CDN) and […]

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ATLAS APPOINTS RICK LABELLE AS NEW CEO

ATLAS APPOINTS RICK LABELLE AS NEW CEO St. John’s, Newfoundland and Labrador, August 11, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF; FSE: 9D00), owner of North America’s premier undeveloped salt project on the west coast of Newfoundland, is pleased to announce the appointment of Mr. Rick LaBelle as Chief Executive Officer and Director of the Company. Mr. LaBelle brings a stellar track record of operational expertise and private equity success to the CEO position for Atlas Salt at a transformational moment in the Company’s history. Rick LaBelle Highlights: 40 years’ experience in the mining sector (private equity and public markets), including 27 at the executive leadership level; Has delivered over $5 billion (CDN) in mining consumables and services sales coupled with value creation through a series of game changing M&A transactions by effectively executing key strategic initiatives; Has partnered with the world’s leading private […]

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ATLAS SALT NEARS FEASIBILITY STUDY FOR GREAT ATLANTIC SALT PROJECT

ATLAS SALT NEARS FEASIBILITY STUDY FORGREAT ATLANTIC SALT PROJECT St. John’s, Newfoundland and Labrador, July 24, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF; FSE: 9D00), owner of North America’s premier undeveloped salt project on the west coast of Newfoundland, is pleased to report that it expects to receive the independent Feasibility Study for the Great Atlantic Project from SLR Consulting (Canada) Ltd. by mid-August 2023.  Mr. Rowland Howe, Atlas President, commented: “This will be the first Feasibility Study for a project such as this in North America in many years, which underscores how unique Great Atlantic is. More than 30 years in this business has demonstrated to me that this is a highly advantaged asset with the potential to become a globally leading high-grade salt mine of the 21st century.” Mr. Howe added, “I’m also pleased to report significant progress in our CEO search […]

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ATLAS NARROWS SEARCH FOR NEW CEO

ATLAS NARROWS SEARCH FOR NEW CEO St. John’s, Newfoundland and Labrador, June 26, 2023 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF; FSE: 9D00), owner of North America’s premier undeveloped salt project on the west coast of Newfoundland, is pleased to provide updates on its CEO search, Feasibility Study progress, and investment in Triple Point Resources Ltd. which has become a leading company in Newfoundland’s emerging Clean Energy Hub. CEO Search Atlas Salt is currently reviewing a highly credible candidate for Chief Executive Officer of the Company separate from the original short list of candidates referred to in Atlas’ May 18, 2023, news release. Atlas President Rowland Howe commented: “Our determination is to secure a truly dynamic CEO with a proven track record who will take North America’s premier undeveloped salt project, unique within the sector, and leverage this asset in an investor-friendly way. We are […]

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ATLAS SALT CORPORATE UPDATE

ATLAS SALT CORPORATE UPDATE St. John’s, Newfoundland and Labrador, June 23, 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, has entered into an advertising agreement with Gold Standard Media of Georgetown TX, USA (GSM) and their affiliates to raise market awareness of the Company’s mining projects and activities through digital and social media. The engagement is for 12 months in consideration for a cash payment $500,000 (U.S.) on acceptance of the TSX Venture Exchange plus reasonable third-party expenses, to be pre-approved by the Company. No securities will be issued as consideration. Subject to TSX Venture Exchange acceptance, the activities will commence on June 26. GSM and the Company are acting at arms-length and GSM holds no shares of the Company. About Atlas Salt Bringing the Power of […]

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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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August 28, 2023
Independent Feasibility Study And Expansion Case For Atlas Salt’s Great Atlantic Project

August 11, 2023
Atlas Appoints Rick LaBelle as New CEO

July 24, 2023
Atlas Salt Nears Feasibility Study For Great Atlantic Salt Project

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