Atlas Salt announces that order book interest for its previously disclosed private placement offering currently stands at approximately $8,041,000, exceeding the previously announced targeted gross proceeds of $8,000,000. Atlas Salt expects it will issue at minimum 10,000,000 common shares of the Company at a price of $0.80 per Common Share for aggregate gross proceeds of $8,000,000, excluding any additional Common Shares [...]
Atlas Salt announces that it has entered into an agreement with Raymond James Ltd. and Ventum Financial, 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 at a price of $0.80 per Common Share for aggregate gross proceeds of up to $8,000,000. The Company has also granted the Agents an option to sell up [...]
Atlas Salt announces the results of its Updated Feasibility Study on the 100%-owned Great Atlantic Salt Project located in Western Newfoundland. UFS Highlights Post-tax NPV 8: $920 million, Post-tax IRR: 21.3%, Payback: 4.2 Years Pre-tax NPV 8: $1.68 billion, Pre-tax IRR: 27.1% Pre-tax NPV 5: $2.75 billion, Post-tax NPV 5: $1.57 billion Initial Capital Cost: $589 million Life of Mine Sustaining Capital: $609 million [...]
Atlas Salt announces the issuance of compensation securities to members of the Board of Directors of the Company. A total of 600,000 deferred share units 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 [...]
Atlas Salt announces that it is actively supporting Memorial University of Newfoundland researchers with their Passive Array for Critical Minerals on the Island of Newfoundland 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 [...]
Atlas Salt announces that its project financing advisor, Endeavour Financial, has received signed letters of interest from potential debt financers for the Company's Great Atlantic Salt 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 [...]
Atlas Salt announces that the Minister of the Department of Industry, Energy and Technology for Newfoundland and Labrador has formally approved the Early Works Mine Development, Rehabilitation and Closure Plan for the Great Atlantic Salt 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 [...]
Atlas Salt is advancing an Updated Feasibility Study for the Great Atlantic Salt 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 [...]
Atlas Salt 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 [...]
Atlas Salt 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 [...]
Atlas Salt 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 [...]
Atlas Salt 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. 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 [...]
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