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Gravity Survey Supports Massive Salt Dome at Atlas Salt’s Fischell’s Brook

Gravity Survey Supports Massive Salt Dome at Atlas Salt’s Fischell’s Brook St. John’s, Newfoundland and Labrador, May 26th, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that a recently completed ground gravity survey suggests that the Company’s 100%-owned Fischell’s Brook Salt Dome is significantly larger than originally believed, further demonstrating the district-scale salt potential of the broader Bay St. George district in western Newfoundland and the prospectivity of this area in hosting different styles of salt deposits. Highlights: ·         Modelling of the gravity data is consistent with a deeply rooted massive salt dome 4.1 km by 1.3 km in aerial size with an average density of 2.2 grams per cubic centimeter; ·         APEX Geoscience Ltd. is completing a NI-43-101 resource assessment of Fischell’s Brook, expected during the first half of June, based on historic drilling, geologic and geophysical data as well as the new digital gravity set; ·         Four […]

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Atlas Salt Corporate Update

Atlas Salt Corporate Update St. John’s, Newfoundland and Labrador, May 19, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT), 100% owner of North America’s premier undeveloped high-grade salt project, is pleased to provide the following update:  Great Atlantic Project The ongoing drill program at Great Atlantic has extended the massive homogeneous high-grade salt deposit by approximately half a kilometer to the northeast and half a kilometer to the northwest through the first two significant step-out holes (CC-6 and CC-7), with further details to come; Geotechnical data continue to support the objective of accessing the large Great Atlantic deposit, unusually shallow by industry standards and still open in all directions, through an inclined ramp as a unique and highly efficient mining method among North American salt deposits, subject to final feasibility assessment; Atlas has retained a North American firm for special corporate advisory services, in advance of the completion […]

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Atlas Step-Out Drill Hole Reaches Top of Salt at Great Atlantic

Atlas Step-Out Drill Hole Reaches Top of Salt at Great Atlantic St. John’s, Newfoundland and Labrador, February 15, 2022 – Drilling by Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) at its 100%-owned Great Atlantic Project in western Newfoundland has reached the interpreted top of the salt bed in a 500-metre step-out hole toward the deep water port at Turf Point. Detailed downhole logging of the overlying sediments in this first drill hole has been completed after drilling reached the top of the interpreted salt interval. This intermediate part of the hole will be cased and cemented, following which the hole will be drilled to total depth. The previous northernmost drill hole, collared 500 metres to the south, cut a gross thickness of 335.3 metres grading 96.8% salt starting just 190 metres downhole. Mr. Rowland Howe, Atlas President, commented: “Drilling of this first hole is progressing well, reaching the top of […]

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Atlas Advances Great Atlantic Feasibility Study; Drill Program Steps Out 500 Meters On First Hole

Atlas Advances Great Atlantic Feasibility Study Drill Program Steps Out 500 Meters On First Hole St. John’s, Newfoundland and Labrador, January 31, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to provide an update on its high-grade and 100%-owned Great Atlantic Salt Project in western Newfoundland. Highlights: Preliminary development evaluations are now premised on accessing the salt deposit via an inclined ramp as opposed to vertical shaft access, subject to final geotechnical assessments from the drill program; Atlas has commenced its diamond drilling program at Great Atlantic to further delineate and evaluate the large homogenous and relatively shallow salt deposit pursuant to the Company’s ongoing Feasibility Study. The first drill hole, with progress updates to come, is a 500-meter step-out toward the deep-water port from the existing northernmost hole (CC-4) that returned a gross thickness of 335.3 metres grading 96.8% salt starting only 190 metres downhole; The Company […]

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Atlas Salt Extends PRmediaNow Agreement

Atlas Salt Extends PRmediaNow Agreement St. John’s, Newfoundland and Labrador, December 15, 2021 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) has extended an agreement with PRmediaNow, pursuant to which the firm will provide media relations services to Atlas for an additional term of 12 months.  PRmediaNow’s award-winning team of public relations professionals, media researchers and former national journalists has extensive experience securing editorial placements for public companies in leading business, investment, finance, technology, industry-trades, and all targeted media verticals. With a head office in Ottawa, and a satellite division in Tampa Bay, Florida, PRmediaNow delivers PR programs that lead to valuable media coverage, viral social media exposure, website traffic, investor interest, and business building opportunities. Patrick Laracy, Atlas CEO, commented: “The very talented team at PRmediaNow is a key part of an immediate strategy to further enhance awareness of Atlas Salt and the value proposition of the Great Atlantic deposit as a highly advantaged asset in the heart […]

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Atlas Advances Fischell’s Brook As Potential Energy Storage Spinout

Atlas Advances Fischell’s Brook As Potential Energy Storage Spinout St. John’s, Newfoundland and Labrador, November 17, 2021 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to provide an update on its 100%-owned Fischell’s Brook Salt Dome in western Newfoundland, approximately 15 km south of the Company’s flagship Great Atlantic Salt Project. Highlights: Given the rapidly growing interest in “green” hydrogen, energy storage and the renewable energy sector in general, driven in part by supportive policy actions by provincial, state and federal governments, Atlas management is aggressively proceeding with a planned spinout of its 100%-owned Fischell’s Brook Salt Dome for its underground energy storage potential. In management’s view, the location and volume potential of this salt dome combine to make it an advantaged asset in Atlantic Canada as the clean energy transition gathers momentum; The proposed spinout is being strategized in a way that aims to maximize value […]

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Favorable Seismic Data Prepares Atlas Salt For Great Atlantic Drilling

Favorable Seismic Data Prepares Atlas Salt For Great Atlantic Drilling St. John’s, Newfoundland and Labrador, October 15, 2021 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that as its Great Atlantic Feasibility Study accelerates into a new phase, seismic data for the project has favorably impacted the strategy for upcoming drilling which will help determine mining methodology. Highlights: Based on seismic information for the homogeneous and high-grade Great Atlantic deposit, the drill program will step out 500 meters toward the deep water port from the existing northernmost hole (CC-4) drilled by the Company which returned 335.3 meters grading 96.8% salt starting only 190 meters downhole. The top 125 meters of that intercept graded 98% salt (NI-43-101 Apex Resource Estimate Report, 2016). The new step-out hole will be collared approximately 3.5 km from the port in an area where seismic data suggests that the deposit thickens; One […]

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Red Moon Resources Inc. Announces Name Change to Atlas Salt Inc.

Red Moon Resources Inc. Announces Name Change to Atlas Salt Inc. St. John’s, Newfoundland and Labrador, August 24, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to announce that it has changed its name to Atlas Salt Inc.  The Company’s common shares will commence trading under the new stock symbol “SALT” on September 1, 2021. The Company’s new CUSIP number is 04943J100 and its new ISIN number is CA04943J1003. The Company also announces that it has changed its corporate jurisdiction from Alberta to British Columbia.  The change in corporate jurisdiction was approved by shareholders of the Company at the annual general meeting held on July 30, 2021. Atlas Salt: “Bringing The Power of SALT To Investors” Mr. Patrick Laracy, Chief Executive Officer, commented: “We are thrilled to begin an exciting new chapter in the history of our company. The name change to Atlas Salt, effective September […]

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Red Moon Reports Voting Results from the Annual General and Special Meeting of Shareholders

Red Moon Reports Voting Results from the Annual General and Special Meeting of Shareholders St. John’s, Newfoundland and Labrador, August 03, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) announces that all resolutions presented at the July 30, 2021 annual general and special meeting of shareholders were approved including the election of directors. The voting participation rate was 51 per cent of the shares outstanding. The Company thanks its shareholders and their intermediaries for their support and assistance. Detailed results of the election of directors and meeting resolutions are shown in the table below. RESOLUTION FOR WITHHELD RESULT   Election of the following Directors:    Patrick Laracy 37,438,335 37,885 Elected (99.90%)    Timothy Rowland Howe 37,438,335 37,885 Elected (99.90%)    Fraser Edison 37,438,335 37,885 Elected (99.90%)    Carson Noel 37,433,335 42,885 Elected (99.89%)    John Anderson 37,463,335 12,885 Elected (99.97%)   Appointment of PricewaterhouseCoopers, Chartered Professional Accountants as Auditors of […]

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Red Moon Engages SLR For Great Atlantic Feasibility

Red Moon Engages SLR For Great Atlantic Feasibility St. John’s, Newfoundland and Labrador, July 07, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to announce the engagement of SLR Consulting (Canada) Ltd. (“SLR”), a global leader in the mining and minerals advisory service, to complete a Feasibility Study (“FS”) for the Company’s flagship Great Atlantic Salt Project in western Newfoundland. By proceeding from a resource estimate directly to a Feasibility Study, given the geological nature of this relatively homogeneous and shallow high-grade deposit immediately adjacent to key infrastructure, the goal is to expedite potential development of Great Atlantic to serve the North American road salt market. Mr. Rowland Howe, Red Moon President who was mine manager of Compass Minerals’ (NYSE: CMP) Goderich mine during its emergence as the largest underground salt mine in the world, commented: “Great Atlantic has moved to an exciting […]

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