Author: jcummings

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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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Atlas Salt Announces De-risked Development Schedule for Great Atlantic Salt Project

Atlas Salt Announces De-risked Development Schedule for Great Atlantic Salt Project St. John’s, Newfoundland and Labrador – August 12, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce a derisked development schedule for the Great Atlantic Salt Project (the “Project”) with 3rd party review and verification by Tamkali Limited (“Tamkali”), an independent provider of Project Development and Control Services with a focus on the Mining Industry. The Company previously disclosed a schedule for the Project in a technical report, supported by a feasibility study (“Feasibility Study”) prepared by SLR Consulting (Canada) Ltd. (“SLR”), which was filed on SEDAR+ on October 12, 2023, as amended and refiled on May 1, 2024. That feasibility schedule assumed a duration of 62 months, following project sanctioning that does not account for sourcing, timing and preconditions for securing financing, all of which were not part of […]

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Atlas Salt Advances Equipment and Infrastructure Modelling for the Great Atlantic Salt Project with SRK Consulting

Atlas Salt Advances Equipment and Infrastructure Modelling for the Great Atlantic Salt Project with SRK Consulting St. John’s, Newfoundland and Labrador – July 31, 2024 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF), Atlas Salt Inc. is pleased to announce the completion of a detailed simulation and modelling verification for the Great Atlantic Salt Project (the “Project”) with SRK Consulting (Canada) Inc. (“SRK”). This marks a significant step forward in our strategic planning and development process by validating the Project’s equipment requirements, material handling system, and port capabilities. The independent verification by SRK reduces the risk associated with project execution by confirming that the equipment and the overall material handling system can achieve sustained production rates. This supports Atlas Salt’s decision-making process in equipment selection and operational planning. Key Findings:  1. Resolution of SLR* Recommendations: We have resolved key recommendations from the Feasibility Study (“FS”), […]

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Atlas Salt Inc. Announces Grants of Deferred Share Units

Atlas Salt Inc. Announces Grants of Deferred Share Units ST. JOHN’S NEWFOUNDLAND AND LABRADOR / ACCESSWIRE / July 23, 2024 / Atlas Salt Inc. (“Atlas” or the “Company”)(TSXV:SALT)(OTCQB:REMRF) announces that the Company’s board of directors has approved the grant of 850,000 deferred share units to certain directors of the Company. All deferred share units were granted pursuant to the Company’s Equity Incentive Plan and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange. 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 the North American salt market while upholding its values of environmental stewardship and community engagement. For information, please contact: Richard LaBelle, [email protected](709) 739-9545 We seek safe harbor. Cautionary Statement Neither […]

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Great Atlantic Salt Project to Provide Significant Economic Boost to Newfoundland & Labrador and Canada

Great Atlantic Salt Project to Provide Significant Economic Boost to Newfoundland & Labrador and Canada ST. JOHN’S NEWFOUNDLAND AND LABRADOR / ACCESSWIRE / July 23, 2024 / Atlas Salt Inc. (“Atlas” or the “Company”)(TSXV:SALT)(OTCQB:REMRF) is pleased to announce the results of an Economic Impact Report and Model (the “Report”) for its Great Atlantic Salt Project (the “Project”) prepared by Jupia Consultants Inc. (“Jupia”). The Report concludes that, combining both capital and operational expenditures, the entire Project will have significant direct, indirect and induced effects on the regional and Provincial economies over the life of the Project, including the following highlights*:•Boosting Newfoundland and Labrador (“NL”) GDP by $4.8 billion;•Contributing $2.5 billion in employment income in NL;•Boosting annual household spending in NL by $1.9 billion;•Contributing $90 million in tax revenue to municipal governments in NL; and•Contributing $1.7 billion to the NL government and $953 million to the federal government in Canada. * In […]

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Atlas Salt Inc. Announces Filing of Amended Report for the Great Atlantic Salt Project

Atlas Salt Inc. Announces Filing of Amended Report for the Great Atlantic Salt Project ST. JOHN’S NEWFOUNDLAND AND LABRADOR / ACCESSWIRE / May 1, 2024 / Atlas Salt Inc. (“Atlas” or the “Company”)(TSXV:SALT)(OTCQB:REMRF) announces the filing of an amended technical report (the “Amended Technical Report”) for the Great Atlantic Salt Project (the “Project”), following a routine continuous disclosure review by staff of the British Columbia Securities Commission. The Company previously filed a technical report titled “Technical Report on the Great Atlantic Salt Project, Newfoundland and Labrador, Canada” prepared by SLR Consulting (Canada) Ltd. and filed on SEDAR+ on October 12, 2023 (the “October 2023 Report”), with an effective date of July 31, 2023. The October 2023 Report, supported by a feasibility study, presented a base case (the “Base Case”) for a mining project that envisions developing the Project into an underground operating mine capable of producing 2.5 Mtpa of rock salt. […]

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