Author: David Roddis

HomeAuthor: David Roddis

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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Atlas Salt Announces Management Changes

Atlas Salt Announces Management Changes St. John’s, Newfoundland and Labrador, March 19, 2025 – Atlas Salt Inc. (the “Company” or “Atlas Salt” – TSXV: SALT; OTCQB: REMRF) announces that through mutual agreement the services of Mr. Rick LaBelle as CEO and Director will cease effective March 19, 2025.  The Company will immediately commence the recruitment process to hire a new CEO.  In the interim, Mr. Patrick Laracy, Chairman will assume executive management responsibilities. Mr. Laracy commented “Rick has transitioned the company from the feasibility stage to development including environmental clearance, detailed engineering and preconstruction work.  We would like to acknowledge and thank him for his astute management to get us to the next phase of financing and construction.” Mr. LaBelle commented “I have assembled a first-rate team to pursue development of the Great Atlantic Salt deposit and steered the Company through the critical permitting processes.  The project is nearing the […]

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