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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 […]

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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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Atlas Salt Receives Court Approval for Plan of Arrangement with Triple Point

ATLAS SALT RECEIVES COURT APPROVAL FOR PLAN OF ARRANGEMENT WITH TRIPLE POINT St. John’s, Newfoundland and Labrador, September 8, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to announce that on September 7, 2022, the Supreme Court of British Columbia issued its final order approving a Plan of Arrangement (the “Arrangement”) with Triple Point Resources Ltd. (“Triple Point”). The Company has set 12:01 a.m. on September 22, 2022, as the effective time and date for the closing of the Arrangement. Shareholders of record as at the close of business on September 21, 2022, will be entitled to receive one Triple Point share for approximately 3.58 Atlas shares owned. The exact number of Triple Point shares to be issued for each Atlas Salt share will be determined on the effective date. Triple Point has applied to list its shares on the Canadian Securities Exchange […]

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Atlas Salt Receives Shareholder Approval for Plan of Arrangement with Triple Point

ATLAS SALT RECEIVES SHAREHOLDER APPROVAL FOR PLAN OF ARRANGEMENT WITH TRIPLE POINT St. John’s, Newfoundland and Labrador, September 1, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to announce that at its annual general and special meeting held yesterday, holders of common shares of Atlas Salt (the “Shareholders”) voted overwhelmingly in favour of the special resolution to approve the proposed Plan of Arrangement (the “Arrangement”) with Triple Point Resources Ltd. (“Triple Point”) under the Business Corporations Act (British Columbia).   The special resolution with respect to the Arrangement was approved by 99.99% of the votes cast by shareholders yesterday. In addition, the Arrangement was approved by a majority of the minority shareholders voting at the meeting in accordance with the requirements of the TSX Venture Exchange. Closing of the Arrangement is anticipated to occur this month and is subject to obtaining a final order of the […]

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Stephenville Claims Form Part of Atlas’ Planned Upcoming Triple Point Spinout

STEPHENVILLE CLAIMS FORM PART OF ATLAS’ PLANNED UPCOMING TRIPLE POINT SPINOUT St. John’s, Newfoundland and Labrador, August 23, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to provide a corporate update with the leaders of Canada and Germany expected to sign a “Hydrogen Accord” at a news conference scheduled for early this evening (local time) in Stephenville, Newfoundland. In addition to its flagship Great Atlantic Salt Project, approximately 25 km south of Stephenville, Atlas owns 100% of the Fischell’s Brook salt deposit, Newfoundland and Labrador’s only known salt dome with clean hydrogen storage potential. Fischell’s Brook is part of a 226 sq. km land package outside of Great Atlantic on the west coast of Newfoundland, including 75 sq. km of claims covering Stephenville and the surrounding area, that forms the planned upcoming Atlas spinout of Triple Point Resources Ltd. Mr. Patrick Laracy, Atlas […]

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Fischell’s Brook Salt Unit Interpreted to Extend to Depth of 2,400 Metres

FISCHELL’S BROOK SALT UNIT INTERPRETED TO EXTEND TO DEPTH OF 2,400 METRES St. John’s, Newfoundland and Labrador, August 4, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to provide the following update on its proposed spinout of 226 sq. km of mineral licenses in southwest Newfoundland, outside of its flagship Great Atlantic Project, highlighted by the Fischell’s Brook Salt Dome. Highlights: A Special AGM will be held August 31, 2022, to vote on the proposed Plan of Arrangement as per an information circular posted on SEDAR and mailed to Atlas Salt shareholders; Subject to receipt of Atlas shareholder, regulatory and court approvals, the Date of Record for the distribution of 23,750,000 Triple Point Resources Ltd. (“Triple Point”) shares will be on or about September 21, 2022. All Atlas shareholders qualify to receive one Triple Point share for approximately four Atlas shares owned as of the Date […]

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Atlas Salt and Triple Point Enter Into Arrangement Agreement

ATLAS SALT AND TRIPLE POINT ENTER INTO ARRANGEMENT AGREEMENT St. John’s, Newfoundland and Labrador, July 25, 2022 – Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (the “Company” or “Atlas Salt”) is pleased to announce that it has entered into a definitive arrangement agreement (the “Agreement”) with Triple Point Resources Ltd. (“Triple Point”) with respect to the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km in southwest Newfoundland. Pursuant to the Agreement, the Company agreed to distribute 23,750,000 common shares of Triple Point to the shareholders of the Company on a pro-rata basis. The distribution of the Triple Point common shares to the Company’s shareholders is to be completed pursuant to a court-approved plan of arrangement. Atlas Salt will maintain a significant ownership position in Triple Point following the share distribution.  Triple Point has applied to list its common shares on the CSE […]

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Atlas Salt Prepares for Planned Spin-out of “Triple Point Resources Ltd.”

ATLAS SALT PREPARES FOR PLANNED SPIN-OUT OF “TRIPLE POINT RESOURCES LTD.” St. John’s, Newfoundland and Labrador, June 30, 2022 – Atlas Salt Inc. (TSXV: SALT) (the “Company”) is pleased to announce that the Board of Directors has approved, in principle, the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km in southwest Newfoundland. In connection with the spin-out the mineral licenses will be transferred to Triple Point Resources Ltd. (“Triple Point”), a subsidiary of the Company established for the purpose of the spin-out. Spin-Out Details: The spin-out will occur by way of a Plan of Arrangement (“the Arrangement”) under British Columbia laws, whereby shareholders of Atlas Salt will receive an aggregate of 23,750,000 common shares of Triple Point representing approximately 0.30 Triple Point shares per Atlas share held, based on the Company’s current outstanding shares; The final spin-out ratio is subject to any changes to the Atlas share structure […]

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Atlas Drills Another Large Step-Out at Great Atlantic

ATLAS DRILLS ANOTHER LARGE STEP-OUT AT GREAT ATLANTIC St. John’s, Newfoundland and Labrador, June 10, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that as the Company progresses toward completion of its Great Atlantic Feasibility Study, drilling of another significant step-out hole has commenced approximately 300 metres east of CC-4 which cut a gross thickness of 335 metres grading 96.8% salt starting just 190 meters downhole. Mr. Rowland Howe, President of Atlas, commented: “The already known extent of the high-grade homogeneous salt deposit at Great Atlantic is impressive to say the least. We eagerly anticipate results from this particular hole, both in terms of further defining this large and relatively shallow deposit and optimizing the mine design for the FS. “We also look forward to an upcoming Great Atlantic Project site visit for invited investors.”  “Mr. Salt” at PDAC Atlas is pleased to be exhibiting in […]

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Gravity Survey Unveils Second Potential Salt Dome in SALT’S Bay St. George District

Gravity Survey Unveils Second Potential Salt Dome in SALT’S Bay St. George District St. John’s, Newfoundland and Labrador, June 3, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that additional results from its ground gravity survey have led to the modelling of a potential second salt dome just 3 km east of the large Fischell’s Brook Salt Dome deposit (refer to May 26, 2022, news release). “Fischell’s Brook East” is consistent with the increasingly apparent district-scale salt potential of Atlas’ nearly 200 sq. km land package in western Newfoundland, parts of which will form a strategic near-term “spinout” aimed at unlocking additional shareholder value. Highlights: ·         Geophysical interpretation of the gravity data has modelled a deeply rooted salt dome of vertical cylindrical shape at Fischell’s Brook East with a diameter of 1.5 km and an average density of 2.35 grams per cubic centimeter; ·         Fischell’s Brook East has never been previously drilled. It […]

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