Author: jcummings

HomeAuthor: jcummings

Atlas Salt Selects Oracle for Project Management Optimization

Atlas Salt Selects Oracle for Project Management Optimization   St. John’s, Newfoundland and Labrador – January 14, 2025 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is working with Oracle Corporation and deploying Oracle’s suite of project and financial management solutions in support of the development of the Great Atlantic Salt Project. Oracle’s project management tools, including Oracle Aconex, Oracle Primavera Cloud, and Oracle NetSuite, have been integrated to streamline project timelines, financial controls, and collaboration across all stages of the Project. See Oracle’s news release (available here) for additional details on the technological enhancements contributing to operational efficiency and risk mitigation at the Great Atlantic Salt Project. Richard LaBelle, CEO of Atlas Salt, commented: “We are pleased to work with Oracle to bring the transformative impact of their solutions to our Project. The integrated system has been instrumental in maintaining transparency, efficiency, and control.” The Company encourages stakeholders to review […]

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Atlas Salt Appoints Endeavour Financial as Financial Advisor for the Project Financing of its Great Atlantic Salt Project

Atlas Salt Appoints Endeavour Financial as Financial Advisor for the Project Financing of its Great Atlantic Salt Project     St. John’s, Newfoundland and Labrador – December 10, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the appointment of Endeavour Financial as its financial advisor to lead the arrangement of project financing for the Great Atlantic Salt Project (the “Project”).  Atlas Salt aims to secure $350–$400 million in senior secured debt, with the potential for additional subordinated debt, based on preliminary modeling. This financing initiative builds on significant achievements in 2024 that not only de-risk the Company and the Project but also position Atlas Salt to secure financing for the development of this transformative project.  Key 2024 Milestones  Project Highlights  Validated the Project’s low-carbon footprint with Stantec Consulting.  Released from the Environmental Assessment process.  Completed mine simulation and verification study with […]

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Atlas Salt Addresses Impacts of Canada Post Strike on Voting at the Annual General and Special Meeting

Atlas Salt Addresses Impacts of Canada Post Strike on Voting at the Annual General and Special Meeting   ST. JOHN’S, NEWFOUNDLAND and LABRADOR / ACCESSWIRE / November 28, 2024 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) announces that due to the ongoing postal strike in Canada (the “Strike) some shareholders may have experienced a delay in receiving the materials for the annual general and special meeting (the “Meeting”) of Atlas Salt shareholders. The Meeting will be held at 10:00 a.m. (Newfoundland & Labrador time) on Tuesday, December 3, 2024, at the Celestial Gallery at the Geo Centre, 175 Signal Hill Rd, St. John’s NL. Shareholders can view the Management Information Circular for the Meeting (the “Circular”) on the Company’s website at www.atlassalt.com/reports or under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company will extend the cut-off time for the delivery of proxies to 11:30 a.m. (Newfoundland & Labrador Time) on Monday […]

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Advancing the Great Atlantic Salt Project: Atlas Salt’s Approach to EA Conditions and Permitting

Advancing the Great Atlantic Salt Project: Atlas Salt’s Approach to EA Conditions and Permitting  ST. JOHN’S, NL / ACCESSWIRE / November 4, 2024 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is pleased to share its approach to meeting Environmental Assessment (EA) conditions and to outline its phased permitting strategy for the Great Atlantic Salt Project. This strategy reflects Atlas Salt’s commitment to advancing the project responsibly, laying the groundwork for Canada’s next major salt mine through strong environmental stewardship and regulatory alignment at each development stage. Understanding EA Conditions and Atlas Salt’s Proactive Approach EA conditions are a standard requirement for large-scale mining projects, designed to balance development with environmental protections. Atlas Salt’s Great Atlantic Salt Project was released from the environmental assessment process with a moderate level of conditions, approximately 70-80% of which were proactively addressed in the Company’s initial project registration, resulting in release after just […]

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Atlas Salt Commences Geotechnical Drilling Program and Finalizes 160 Hectare Crown Land Surface Lease for Great Atlantic Salt Project

Atlas Salt Commences Geotechnical Drilling Program and Finalizes 160 Hectare Crown Land Surface Lease for Great Atlantic Salt Project   ST. JOHN’S, NL / ACCESSWIRE / October 22, 2024 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the commencement of the geotechnical drilling program at its Great Atlantic Salt Project. Additionally, the Company has finalized the acquisition of a 160-hectare Crown land surface lease. Geotechnical Drilling and Investigation Program Commences Atlas Salt has appointed Terrane Geoscience Inc. and GEMTEC Consulting Engineers and Scientists Ltd. to lead the comprehensive geotechnical and hydrogeological investigation for the proposed decline and box cut at the Great Atlantic Salt Project. Logan Drilling has been selected to execute the geotechnical drilling program, which will involve approximately 2,700 meters of core drilling along the decline path to evaluate rock conditions and groundwater behavior. The program is designed to ensure that the decline and box cut meet the highest […]

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Atlas Salt Announces CFO Transition, Project Progress and Investor Relations Campaign

Atlas Salt Announces CFO Transition, Project Progress and Investor Relations Campaign   ST. JOHN’S, NEWFOUNDLAND AND LABRADOR / ACCESSWIRE / October 7, 2024 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) announces that effective October 15th, 2024, Alasdair Federico, currently the Company’s Vice-President of Corporate Affairs, will succeed Michael Psihogios as Chief Financial Officer (“CFO”) of Atlas Salt. Mr. Psihogios advised Atlas Salt in mid-July of the decision to take a CFO position in western Canada, closer to home. Mr. Federico and Mr. Psihogios have worked closely together over the past three months to ensure a smooth hand-off. Mr. Federico holds a Bachelor of Commerce in addition to a law degree. He has over 15 years of experience working with publicly traded mining companies, has overseen strategic planning, public company reporting and compliance programs, company controls, and risk management, and will be supported by a strong accounting team. Richard LaBelle, […]

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Atlas Salt Enters Strategic MOU with Sandvik Mining and Rock Solutions for Underground Mobile Equipment Supply, Including $73 Million Financing

Atlas Salt Enters Strategic MOU with Sandvik Mining and Rock Solutions for Underground Mobile Equipment Supply, Including $73 Million Financing   St. John’s, Newfoundland and Labrador – September 9, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the signing of a comprehensive non-binding Memorandum of Understanding (MOU) with Sandvik Mining and Rock Solutions (“Sandvik”). This strategic partnership establishes Sandvik as the preferred underground mobile mining equipment supplier and Integrated Project Delivery (“IPD”) Partner for the Great Atlantic Salt Project. This partnership with Sandvik is a significant step forward in the development of the Great Atlantic Salt Project, enhancing the Project’s operational capabilities with state-of-the-art equipment designed for safety, efficiency, and sustainability. Sandvik’s offerings include the integration of their AutoMine® automation system, which will elevate the mine’s operations through tele-remote and autonomous functionalities, thereby reducing operational risks and increasing productivity. Key […]

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Atlas Salt Secures Property for Mine Infrastructure 

St. John’s, Newfoundland and Labrador – September 6, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce that it has purchased certain parcels of land for the Great Atlantic Salt Project (the “Project”).  The parcels are privately held vacant lots comprising in aggregate approximately 100 hectares, of which Atlas Salt intends to develop only a small portion, leaving the remaining area as an undisturbed buffer around the mine site. The parcels include the areas required for the boxcut and mine portals. With the purchase of these parcels, Atlas Salt has secured the key surface rights required for mine site construction and, ultimately, production. The purchase supports the Company’s strategic discussions with various parties, including potential sources of financing, allowing the Company to advance the Project’s construction and unlocking shareholder value.  Atlas Salt Secures Property for Mine Infrastructure   St. John’s, Newfoundland […]

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Atlas Salt and Scotwood Industries Sign MOU for Strategic Salt Production Offtake & Canadian Joint Venture for Packaged Salt and Related Products

Atlas Salt and Scotwood Industries Sign MOU for Strategic Salt Production Offtake & Canadian Joint Venture for Packaged Salt and Related Products   ST. JOHN’S, NL / ACCESSWIRE / August 20, 2024 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is pleased to announce that the Company has entered into a non-binding Memorandum of Understanding (“Non-Binding MOU“) with Scotwood Industries LLC (“Scotwood“) to establish a strategic salt production offtake agreement and joint venture for the distribution and sale of packaged salt and related products (“Products“) in Canada. The Non-Binding MOU does not include the sale of bulk road de-icing salt and excludes the provinces of Newfoundland & Labrador, Prince Edward Island, New Brunswick and Nova Scotia, subject to certain exceptions with respect to national accounts and expansions of existing relationships that Scotwood has with retailers in the United States that have Canadian affiliates doing business in those provinces. The Joint Venture […]

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Atlas Salt Announces Publication of its Inaugural ESG Report – The Path to a Sustainable Legacy

Atlas Salt Announces Publication of its Inaugural ESG Report: The Path to a Sustainable Legacy ST. JOHN’S, NEWFOUNDLAND AND LABRADOR -August 15, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the publication of its inaugural Environmental, Social and Governance Report (“ESG Report”) for its Great Atlantic Salt Project (the “Project”). The ESG Report highlights Atlas Salt’s commitment to upholding core values of environmental stewardship and community engagement while focusing on innovative and sustainable mining. Three core sustainability-related priorities are outlined in the ESG Report: Maintaining Social License: We are building the social license to operate through engagement right from the planning stage with all key partners for the Project, with the goal of building long-term, mutually beneficial relationships. Developing Market for Clean Salt: We know that demand for de-icing salt currently outstrips domestic supply, so we are focused on identifying bulk and packaged clients who value […]

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