Atlas Salt Inc.

Atlas Salt is proud to support the St. George's Fire Department with a contribution to their fundraising campaign for the purchase of a new emergency rescue truck to service the area. The SGFD was able to raise over $50,000 in donations from the community towards their goal of raising $100,000, and Atlas Salt completed the goal with an additional $50,000, announced at the SGFD's annual Fireman's Ball on Nov 30th.

Atlas Salt was happy to be a part of last week's Mineral Resources Review, the province's premier conference from the Canadian Institute of Mining, Metallurgy and Petroleum. Our VP, Engineering and Construction, Robert Booth presented an overview of the Great Atlantic Salt Project, and our booth was open and ready to answer questions and chat to those that stopped by. We would like to take the time to give a round of applause to the organizers for putting off a great event that showcased the bright future for mining in Newfoundland and Labrador. 

Project Update Atlas Salt has appointed Terrane Geoscience and GEMTEC Consulting Engineers & Scientists Limited to lead a comprehensive geotechnical and hydrogeological investigation for the proposed decline and box cut at the Great Atlantic Salt Project. Logan Drilling has been selected to execute the geotechnical drilling program, which will involve approximately 2,700 meters of core drilling along the decline path to evaluate rock conditions and groundwater behavior. Drilling will commence in November and is expected to be completed by Q1 2025. Atlas Salt has acquired an approximately 160-hectare Crown land surface lease, securing the necessary land for the geotechnical drilling and for future surface infrastructure development, including access roads, on-site facilities, and material handling systems. Read the full press release here: www.atlassalt.com/news

We are looking for a Project Accounting Clerk to join our team in the St. George's Field Office. Deadline to apply is Oct. 18. Details can be found here https://lnkd.in/et_cyXtp

Atlas Salt would like to announce that Alasdair Federico, currently the Company's VP of Corporate Affairs, will be moving into the role of CFO affective Oct. 15th, 2024. 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. Mr. Federico will succeed Michael Psihogios, who has accepted a CFO Position closer to home in Western Canada. Atlas Salt commends Mr. Psihogios for the work he has accomplished with the Great Atlantic Salt Project and wish him the best in his feature endeavor.  Read the full release here: www.atlassalt.com/news

Atlas Salt is pleased to provide this project update. A mineral lease by the Newfoundland and Labrador Department of Industry, Energy and Technology, has been issued, securing our exclusive rights to develop, extract and sell the salt within the Great Atlantic Salt Project. The Mining Lease covers 550 hectares and includes all of the areas required to mine the Company’s current reserves of salt over the next 34 years, as well as additional areas of the Company’s mineral resources for expansion.

Today is National Day of Truth and Reconciliation. Newfoundland and Labrador's experience with Indigenous residential schools is not often included in the national conversation. But almost 2,000 children attended six boarding schools in Labrador and an orphanage in St. Anthony from the early 1900s until the last one closed in 1980.  Stand together today in solidarity for residential school survivors across Canada and to remember those that never made it home.  #NDTR

Atlas Salt has taken a significant step forward in the development of the Great Atlantic Salt Project with the signing of a comprehensive non-binding MOU with Sandvik Mining and Rock Solutions (“Sandvik”) that includes $73 Million in financing. Sandvik will be the preferred underground mobile mining equipment supplier and Integrated Project Delivery (“IPD”) Partner. “We are excited to partner with Sandvik, a leader in mining technology, to equip the Great Atlantic Salt Project with the most advanced underground mining systems available," said Richard LaBelle, CEO of Atlas Salt. "This collaboration, along with the financing, marks a major milestone in our journey to establish Canada’s next salt mine.” Peter Corcoran, Vice President of Sandvik Mining and Rock Solutions Canada, added that Sandvik's focus on automation and digitalization aligns perfectly with Atlas Salt's commitment to safety, efficiency, and sustainability. Read the full release at www.atlassalt.com/news

Atlas Salt is advancing the Great Atlantic Salt Project with the purchase of privately owned vacant, securing the key surface rights required for mine site construction and eventual production. In keeping with our sustainability goals, only a small portion of the land will be developed, leaving the rest undisturbed as a buffer around the mine site.  The purchase supports our strategic discussions with potential sources of financing for construction, and the creation of shareholder value. 

Atlas Salt and Scotwood Industries LLC sign non-binding MOU to establish a strategic salt production offtake agreement and joint venture for the distribution and sale of packaged salt and related products in Canada.  The Joint Venture would target annual sales volumes for the strategic offtake and distribution of Products of 1.25 to 1.50 million tonnes per annum (“Mtpa“), subject to market conditions. Chase Wilson, President of Scotwood, commented, “Being the largest distributor of packaged retail de-icing salt in the United States we are very selective in choosing new business partners. If completed, we believe Atlas Salt’s long life underground salt project would make Atlas Salt an ideal long-term partner for us in Canada.” Read the full press release on our website www.atlassalt.com/news