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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Atlas Salt to Present at Virtual RMEC Conference

ATLAS SALT TO PRESENT AT VIRTUAL RMEC CONFERENCE St. John’s, Newfoundland and Labrador, November 14, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to announce that it will be presenting at the virtual Resource Mining & Exploration Conference (“RMEC”) Tuesday, November 22, 2022, hosted by Sagacity Capital Media and Guerilla Capital.  President & Director Rowland Howe will provide an in-depth update on the Company at 11:40 a.m. ET, November 22, 2022. RMEC is an interactive experience for featured companies and investors. Companies will have 20 minutes to outline their investment opportunity before investors get the ability to engage in a real-time Q&A with management after the presentation. To register for RMEC, please click the link:  https://www.bigmarker.com/series/resource-mining-exploration-/series_summit About Atlas Salt Atlas Salt owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt […]

Atlas Salt Issues Stock Options

ATLAS SALT ISSUES STOCK OPTIONS St. John’s, Newfoundland and Labrador, November 3, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (“Atlas Salt”) announces that it has authorized the grant of 1,125,000 Directors’ and Officers’ stock options and 650,000 employee and consultant stock options, all exercisable at $2.35 per share for variable terms and vesting periods consistent with the Company’s stock option plan and subject to TSXV Stock Exchange approval.  The Company has reserved 8,761,564 listed shares for issuance under its stock option plan, of which 6,475,000 options have been issued prior to the current issue. About Atlas Salt Atlas Salt owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a large homogeneous high-grade resource located immediately next to a deep water port. Atlas is also the largest shareholder in Triple Point […]

Atlas Upgrades American Listing

ATLAS UPGRADES AMERICAN LISTING St. John’s, Newfoundland and Labrador, October 11, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to announce that its common shares are now DTC service eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. With DTC eligibility, existing investors benefit from potentially greater liquidity and execution speeds. This also opens the door to new investors that may have been previously restricted from the company’s common shares and greatly simplifies the process of trading common shares in the United States. Atlas also recently upgraded from the OTC Pink Market to […]

Atlas Salt and Triple Point Announce Closing of Triple Point Spin-Out

ATLAS SALT AND TRIPLE POINT ANNOUNCE CLOSING OF TRIPLE POINT SPIN-OUT St. John’s, Newfoundland and Labrador, September 22, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (“Atlas Salt”) and Triple Point Resources Ltd. (“Triple Point”) are pleased to announce that the previously announced spin-out of Triple Point through a Plan of Arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) has been completed. The Arrangement was effective at 12:01 a.m. (Vancouver time) on September 22, 2022 (the “Record Date”). Pursuant to the Arrangement, Atlas Salt transferred ownership of the Fischell’s Brook Salt Dome and other mineral licenses prospective for salt domes to Triple Point in exchange for 20,000,000 common shares of Triple Point. Atlas Salt also purchased an additional 17,700,000 common shares of Triple Point for cash proceeds of $354,000, and received a further 13,500,000 common shares of Triple Point as a reimbursement of exploration expenditures on the Fischell’s Brook Property.  […]

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