Author: jcummings

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Atlas Salt Issues Stock Options

Atlas Salt Issues Stock Options   ST. JOHN’S, NL / ACCESS Newswire / April 30, 2025 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) announces that it has granted 200,000 stock options to a director exercisable at 46 cents for a period of three years. The Company has 4,384,531 remaining shares reserved for issuance pursuant to its equity compensation plans following this grant. Regarding the search for a new CEO, the Company has retained the services of a professional recruitment firm with a specialty in mining – financial placements. That process is well underway with the screening of candidates. The Chairman, Patrick Laracy, has been appointed CEO on an interim basis. About Atlas Salt Inc. Atlas Salt Inc. is developing Canada’s next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to […]

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Atlas Salt Completes Geotechnical Drilling and In-Field Data Collection for Great Atlantic Salt Project

Atlas Salt Completes Geotechnical Drilling and In-Field Data Collection for Great Atlantic Salt Project   ST. JOHN’S, NL / ACCESS Newswire / April 14, 2025 / Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the successful completion of the geotechnical drilling and in-field data collection phase of its Geotechnical Drilling and Investigation Program at the Great Atlantic Salt Project in western Newfoundland. Data analysis and reporting activities remain underway, with final results anticipated in Q3 2025. Geotechnical Drilling and Investigation Program Milestones Completion of Fieldwork: The Company has finalized all drilling and in-field geotechnical data acquisition along the proposed decline path, gathering critical information on rock quality, structural conditions, and groundwater characteristics. Data Analysis: The evaluation of core samples, core logging and hydrogeological data has commenced and will continue over the coming months. A geotechnical and hydrogeological report will guide the next stages of detailed design and construction. Risk, Safety […]

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Atlas Salt Appoints New Director

Atlas Salt Appoints New Director   ST. JOHN’S, NL / ACCESS Newswire / March 31, 2025 / Atlas Salt Inc. (the “Company” or “Atlas Salt” – (TSXV:SALT)(OTCQB:REMRF) announces that Mr. Marc Boissonneault has resigned as a director. The Company has appointed Mr. Bob Kelly to the Board of Directors. The Company wishes to thank Marc for his thoughtful contributions and wishes him continued success in his future endeavors. Mr. Kelly is a seasoned mining professional with 40 years of comprehensive senior management experience. Highlights of his career include being former Vice President of Teck Resources Limited. He was responsible for all aspects of Health and Safety Leadership across Teck’s operating sites, projects, exploration sites and office locations encompassing both employees and contractors. Prior to that he was General Manager for Teck’s Duck Pond Operations in central Newfoundland which included underground base metal mining utilizing ramp access as well as open pit extraction. At the […]

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Atlas Salt Provides Comprehensive Development Update on Great Atlantic Salt Project

Atlas Salt Provides Comprehensive Development Update on Great Atlantic Salt Project   St. John’s, Newfoundland and Labrador March 28, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF is pleased to provide an update on key workstreams advancing the Great Atlantic Salt Project (the “Project”). Building on the Company’s momentum, Atlas Salt is making meaningful progress on multiple fronts, including its geotechnical and hydrogeological drilling program, project execution planning, ongoing permitting efforts, and progress related to project financing. Project Financing with Endeavour Financing Discussions Progressing: Atlas Salt continues to hold regular, productive discussions with Endeavour Financial and interested financiers as part of establishing a robust financial structure for the Project. Comprehensive Strategy: The Company is assessing a balanced approach of both debt and equity to best position the Project for accelerated development and to reduce overall risk. Engineering & Mine Plan Updates Lead Engineering and Material […]

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Atlas Salt Submits Early Works Development Plan for Great Atlantic Salt Project

Atlas Salt Submits Early Works Development Plan for Great Atlantic Salt Project St. John’s, Newfoundland and Labrador –March 3, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the formal submission of the Early Works Mine Development and Rehabilitation and Closure Plan (the “Early Works Development Plan”) to the Department of Industry, Energy and Technology for the Government of Newfoundland and Labrador, for the Great Atlantic Salt Project (the “Project”) in Newfoundland and Labrador, Canada. The submission of the Early Works Development Plan marks a critical milestone in advancing the Project toward construction. This plan outlines the phased approach for site preparation and early-stage infrastructure development, ensuring regulatory compliance while de-risking key project components ahead of full-scale mine construction. Key Components of the Early Works Development Plan Site Preparation: Clearing and grubbing activities, stockpile pad grading, and initial earthworks to establish the […]

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Atlas Salt Secures $1 Million in ACOA Funding for Low Emission Mine Design & Optimization Initiative for Great Atlantic Salt Project 

Atlas Salt Secures $1 Million in ACOA Funding for Low Emission Mine Design & Optimization Initiative for Great Atlantic Salt Project    St. John’s, Newfoundland and Labrador –February 5, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce that it has secured a CAD $1 million conditionally repayable loan from the Atlantic Canada Opportunities Agency (ACOA) under the Regional Economic Growth through Innovation (REGI) program. The funding will support the Company’s innovative Mine Design and Optimization Initiative, which focuses on reducing greenhouse gas (GHG) emissions and implementing sustainable mining technologies at the Great Atlantic Salt Project.  ACOA Funding for Low GHG Mine Design Program  In a further step towards the development of the Great Atlantic Salt Project, the Company has secured a CAD $1 million conditionally repayable loan from the Atlantic Canada Opportunities Agency (ACOA) under the Regional Economic Growth through […]

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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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