Category: Featured News

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HomeCategory: Featured News

Atlas Salt Announces Closing of Brokered LIFE Private Placement and Participation of Strategic Investor

Atlas Salt Announces Closing of Brokered LIFE Private Placement and Participation of Strategic Investor FOR IMMEDIATE RELEASE THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES St. George’s, Newfoundland and Labrador – October 21, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF; FRA:9D00) announces that it has closed its brokered private placement financing (the “Offering”) previously announced on October 14, 2025, raising gross proceeds of $8,704,400. Under the Offering, 10,880,500 common shares of the Company (“Common Shares”) at a price of $0.80 per Common Share (the “Offering Price”) were issued pursuant to National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) in accordance with Part 5A of NI 45-106, as amended by the Canadian Securities Administrators’ Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The Common […]

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Atlas Salt Announces LIFE Private Placement Targeting Gross Proceeds of up to $8 Million

Atlas Salt Announces LIFE Private Placement Targeting Gross Proceeds of up to $8 Million  FOR IMMEDIATE RELEASE THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES St. George’s, Newfoundland and Labrador – October 14, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF; FRA:9D00) announces that it has entered into an agreement with Raymond James Ltd. and Ventum Financial Corp. (collectively, the “Agents”), to act as co-leads and joint bookrunners, in connection with a commercially reasonable efforts private placement offering for up to 10,000,000 common shares of the Company (“Common Shares”) at a price of $0.80 per Common Share (“Offering Price”) for aggregate gross proceeds of up to $8,000,000 (the “Offering”). The Company has also granted the Agents an option (the “Agents’ Option”) to sell up to an additional 1,500,000 Common Shares for additional gross proceeds […]

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Atlas Salt Announces Updated Feasibility Study with Enhanced Results for the Great Atlantic Salt Project;$920M Post-Tax NPV8 and 21.3% Post-Tax IRR

Atlas Salt Announces Updated Feasibility Study with Enhanced Results for the Great Atlantic Salt Project;$920M Post-Tax NPV8 and 21.3% Post-Tax IRR FOR IMMEDIATE RELEASE St. George’s, Newfoundland and Labrador – September 19, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) announces the results of its Updated Feasibility Study (“UFS”) on the 100%-owned Great Atlantic Salt Project (“Great Atlantic” or the “Project”) located in Western Newfoundland. UFS Highlights(all figures are in Canadian dollars and include annual escalation, unless otherwise noted) Post-tax NPV8: $920 million, Post-tax IRR: 21.3%, Payback: 4.2 Years Pre-tax NPV8: $1.68 billion, Pre-tax IRR: 27.1% Pre-tax NPV5: $2.75 billion, Post-tax NPV5: $1.57 billion Initial Capital Cost: $589 million Life of Mine (“LOM”) Sustaining Capital: $609 million Average Annual LOM Operating Cashflow (EBITDA1) in Operations: $325 million per annum (“pa”) Average Annual LOM Post-Tax Free Cashflow in Operation: $188 million pa Total Undiscounted Post-Tax […]

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Atlas Salt Issues Compensation Securities

Atlas Salt Issues Compensation Securities FOR IMMEDIATE RELEASE St. George’s, Newfoundland and Labrador – September 19, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) announces the issuance of compensation securities to members of the Board of Directors of the Company. A total of 600,000 deferred share units (“DSUs”) has been granted today pursuant to the Company’s Equity Incentive Plan. The DSUs will vest on the first anniversary of the grant date, provided the recipient remains in service to the Company. The DSUs are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange and all applicable securities laws. About Atlas Salt Atlas Salt is developing North America’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 […]

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Atlas Salt Supports Memorial University Researchers with their Passive Array for Critical Minerals on the Island of Newfoundland

Atlas Salt Supports Memorial University Researchers with their Passive Array for Critical Minerals on the Island of Newfoundland FOR IMMEDIATE RELEASE St. George’s, Newfoundland and Labrador – August 7, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) announces that it is actively supporting Memorial University of Newfoundland (“Memorial University”) researchers with their Passive Array for Critical Minerals on the Island of Newfoundland (“PACMIN”) to help to better understand the geological structures and the plate-tectonic processes that assembled the island hundreds of millions of years ago. PACMIN is a joint initiative between Memorial University, Université du Québec à Montréal, and Yale University, with financial and in-kind support from Natural Resources Canada and select business partners. It has deployed a new network of 22 seismograph stations across Newfoundland to record ground vibrations and use these signals to image the internal structure of the Earth beneath Newfoundland. […]

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Atlas Salt Receives Letters of Interest for Great Atlantic Salt Project Financing and Provides Financing Update

Atlas Salt Receives Letters of Interest for Great Atlantic Salt Project Financing and Provides Financing Update FOR IMMEDIATE RELEASE St. George’s, Newfoundland and Labrador – July 22, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) announces that its project financing advisor, Endeavour Financial, has received signed letters of interest (“LOIs”) from potential debt financers for the Company’s Great Atlantic Salt Project (the “GAS Project”). This includes LOIs from export credit agencies, signaling early support for the GAS Project’s financing framework and a willingness and desire to work with Atlas Salt and Endeavour Financial toward securing project financing. In accordance with confidentiality agreements and for competitive reasons, the identities of these interested parties will remain undisclosed at this time.  Nolan Peterson, CEO of Atlas Salt stated: “Receiving the LOIs from the export credit agencies marks a significant step forward in our ongoing financing efforts with […]

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Government of Newfoundland and Labrador Approves Early Works Development Plan for the Great Atlantic Salt Project

Government of Newfoundland and Labrador Approves Early Works Development Plan for the Great Atlantic Salt Project   FOR IMMEDIATE RELEASE  St. John’s, Newfoundland and Labrador – July 10, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) announces that the Minister of the Department of Industry, Energy and Technology (“IET”) for Newfoundland and Labrador has formally approved the Early Works Mine Development, Rehabilitation and Closure Plan (the “Early Works Development Plan”) for the Great Atlantic Salt Project (the “Project”). Nolan Peterson, CEO of Atlas Salt, stated: “The approval of the Early Works Development Plan marks a pivotal step for the Great Atlantic Salt Project, officially transitioning it to shovel ready. This milestone is a further reflection of our ability to effectively collaborate with local stakeholders to move our objectives forward. With a clearly permitted route, we are positioned for expedited procurement and mobilization. Our structured […]

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Atlas Salt is Advancing the Great Atlantic Salt Project with an Updated Feasibility Study

Atlas Salt is Advancing the Great Atlantic Salt Project with an Updated Feasibility Study St. John’s, Newfoundland and Labrador – June 9, 2025 – Atlas Salt Inc. (“Atlas Salt” or the “Company”} (TSXV: SALT; OTCQB: REM RF} is advancing an Updated Feasibility Study (the “UFS” or “FUS”) for the Great Atlantic Salt Project (the “Project”) in Newfoundland and Labrador, Canada. Building on the Feasibility Study completed in 2023, this UFS will incorporate significant advancements and optimizations to enhance the Project’s development strategy. The UFS will focus on optimizing the production rate while balancing capital expenditure, refining mine planning parameters, and integrating recently completed technical studies to improve operational efficiency and economic outcomes;with the ultimate objective of supporting ongoing financing activities. Key Objectives of the Updated Feasibility Study Production Optimization: Assessment of an increased, optimized production rate taking into consideration mine design, throughput capabilities, and market alignment. Refined Mine Plan and […]

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Atlas Salt Welcomes New Executive Management Team.

Atlas Salt Welcomes New Executive Management Team.   St. John’s, Newfoundland and Labrador, June 03, 2025– Atlas Salt (the “Company” or “Atlas” – TSXV: SALT; OTCQB: REMRF) announces the appointment of Mr. Nolan K. Peterson, MBA, CFA, P.Eng. as Chief Executive Officer and Director of the Company and Mr. Jeffrey Kilborn, CMC as Chief Financial Officer, Corporate Secretary and VP Corporate Development, effective June 9, 2025. Mr. Alasdair Federico has resigned from his position as Chief Financial Officer effective June 9 and will provide transitional consulting services as needed. The Company sincerely thanks Mr. Federico for his professional service and thoughtful contributions to the Company through the permitting and preconstruction phase. Mr. Peterson joins the Company with an impressive technical and management background indicative of his capabilities and keen business acumen. Nolan Peterson Career Highlights include: Over 20 years experience in the mining sector; spanning development, operations and finance including […]

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Atlas Salt Appoints Andrew Smith, P.Eng., ICD.D as Project Director & General Manager

Atlas Salt Appoints Andrew Smith, P.Eng., ICD.D as Project Director & General Manager St. John’s, Newfoundland and Labrador – May 7, 2025 -Atlas Salt Inc. (“Atlas Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the appointment of Andrew Smith, P.Eng., ICD.D to the position of Project Director & General Manager for the Company’s flagship Great Atlantic Salt Project. Since joining Atlas Salt in 2023 as Mine Project Manager, Mr. Smith has played a pivotal role in advancing the Great Atlantic Salt Project through the successful completion of the environmental assessment process, geotechnical drilling and field data collection, and significant progress toward securing provincial regulatory approvals for early works construction. His leadership has been instrumental in establishing rigorous project controls and governance frameworks while driving key permitting, financing, and procurement initiatives. In this expanded role, Mr. Smith will lead the integrated delivery of the project, oversee execution […]

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