Atlas Salt has been requested by the OTC Markets Group Inc. to comment on promotional activity concerning its common stock traded on the OTCQB market. On June 26, 2023, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock traded on the OTCQB Marketplace, including the distribution of promotional email materials published by Gold Standard Media [...]
Atlas Salt is pleased to provide updates on its CEO search, Feasibility Study progress, and investment in Triple Point Resources Ltd. which has become a leading company in Newfoundland's emerging Clean Energy Hub. CEO Search Atlas Salt is currently reviewing a highly credible candidate for Chief Executive Officer of the Company separate from the original short list of candidates referred to in Atlas' May 18, 2023, news [...]
Atlas Salt has entered into an advertising agreement with Gold Standard Media of Georgetown TX, USA and their affiliates to raise market awareness of the Company's mining projects and activities through digital and social media. The engagement is for 12 months in consideration for a cash payment $500,000 on acceptance of the TSX Venture Exchange plus reasonable third-party expenses, to be pre-approved by the Company. No [...]
Atlas Salt is pleased to provide the following corporate update: Great Atlantic Project Atlas has completed a successful 4-hole geotechnical drill program at Great Atlantic aimed at providing valuable additional information on the underground decline route and surface portal entry for the first North American salt deposit to be accessed through inclined ramps vs. vertical shafts. Mr. Rowland Howe, President of Atlas Salt [...]
Atlas Salt announces that drill hole CC-9b, collared 250 meters east of CC-4 into an untested part of Great Atlantic, has cut a 336-m gross interval of salt highlighted by thick sections of massive salt comprising 305.5 m grading 95.56% sodium chloride. Highlights: The first major section of massive salt started at a depth of only 240 m, and included 6.39 meters of 99.1% salt, further solidifying Great Atlantic as the [...]
Atlas Salt announces that further to its news release of Jan 30, 2023, the Company has filed a technical report on SEDAR in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the Great Atlantic Salt Project on the west coast of Newfoundland. The report is entitled "Technical Report on the Great Atlantic Salt Project, Newfoundland and Labrador, Canada, Report for NI 43-101". The [...]
Atlas Salt is pleased to provide the following corporate update. Highlights: CEO Patrick Laracy has initiated a process to recruit a new CEO for the company, consistent with Atlas' corporate strategy to maximize shareholder value for the Great Atlantic Project now that an independent Preliminary Economic Assessment has confirmed the potential of this asset to disrupt a sector that has experienced $5.2 billion in [...]
Atlas Salt is pleased to announce the results of an independent Preliminary Economic Assessment and updated Mineral Resource estimate prepared by SLR Consulting Ltd. on its 100%-owned Great Atlantic Salt Project located on the west coast of Newfoundland. Great Atlantic is the premier undeveloped salt deposit situated in the heart of a large regional U.S./Canadian road salt market facing a significant domestic production [...]
Atlas Salt is pleased to announce that further to its news releases dated January 12, 2023, and January 17, 2023, it has successfully closed the second and final tranche of its $10 million non-brokered private placement. Mr. Rowland Howe, Atlas Salt President, commented: "This $10 million private placement with two large institutional investors is very strategic at this stage of Great Atlantic's development. Atlas is [...]
Atlas Salt is pleased to announce that further to its news release dated January 12, 2023, it has successfully closed the first tranche of its $10 million non-brokered private placement. The balance of the $10 million Offering is fully spoken for and is expected to close January 19, 2023. In the First Tranche the Company issued an aggregate of 2,500,000 units at a price of $2.00 per Unit for gross proceeds of $5,000,000 [...]
Atlas Salt announces a non-brokered private placement for up to five million units at a price of $2.00 per unit for aggregate gross proceeds of up to $10,000,000 targeting strategic institutional investors. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one common share at a price of $2.40 per share [...]
Atlas Salt has intersected a thick bed of salt in the easternmost drill hole at Great Atlantic. Drill hole CC-9 cut a gross interval of salt over 333 meters starting from a depth of 243 meters. The drill hole was collared 250 meters east of CC-4 and is anticipated to be the last drill hole for resource classification purposes subject to final analytical results pursuant to the ongoing Feasibility Study. Mr. Rowland Howe [...]
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