Advancing the Great Atlantic Salt Project: Atlas Salt’s Approach to EA Conditions and Permitting
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
FOR IMMEDIATE RELEASE
Advancing the Great Atlantic Salt Project: Atlas Salt’s Approach to EA Conditions
and Permitting
St. John's, Newfoundland and Labrador – November 4, 2024 - Atlas Salt Inc. (“Atlas
Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF ) is pleased to share its
approach to meeting Environmental Assessment (EA) conditions and to outline its
phased permitting strategy for the Great Atlantic Salt Project. This strategy reflects
Atlas Salt’s commitment to advancing the project responsibly, laying the groundwork
for Canada’s next major salt mine through strong environmental stewardship and
regulatory alignment at each development stage.
Understanding EA Conditions and Atlas Salt's Proactive Approach
EA conditions are a standard requirement for large-scale mining projects, designed
to balance development with environmental protections. Atlas Salt’s Great Atlantic
Salt Project was released from the environmental assessment process with a
moderate level of conditions, approximately 70-80% of which were proactively
addressed in the Company’s initial project registration, resulting in release after just
52 days. Key areas, such as real-time water monitoring, seasonal wildlife
benchmarking, community engagement, climate adaptation, and progressive
rehabilitation, were integrated from the outset. This forward-thinking approach
embeds EA standards into every project phase, supporting both compliance and the
Company’s commitment to environmental responsibility.
EA Conditions Fully Integrated into Project Development Plans
Atlas Salt has inorporated all EA conditions stipulated by the Department of
Environment and Climate Change into the Company’s project plans. Activities and
tasks required to meet these conditions were closely developed and refined in
consultation with regulatory bodies to align with government expectations and
standards.
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
Phased Permitting Strategy to Support Development Progression
Atlas Salt is implementing a phased approach to permitting, with each phase
designed to advance the Project while meeting specific regulatory requirements and
environmental standards:
1. Early Works – This phase encompasses surface-level site preparations and
infrastructure setup, including land clearing, access road construction, and
installation of environmental controls. The Early Works Mine Development
Plan, currently under development, will ensure that Atlas Salt adheres to
stringent environmental standards as foundational construction activities
commence.
2. Capital Development Following the Early Works, the Capital Development
phase focuses on both surface and underground development necessary for
operational readiness. Key activities include constructing the box cut, main
decline, and underground infrastructure. This phase will incorporate detailed
environmental management practices, including specific measures related to
sub-surface construction and continuous monitoring to ensure compliance
with environmental requirements.
3. Commercial Operations Development – The final phase, will be scaling the
mine to commercial production, including full operational readiness and
ongoing environmental monitoring.
Commitment to Responsible Development and Transparent Engagement
Atlas Salt is dedicated to best practices in responsible mining. The EA conditions not
only meet regulatory expectations but also support Atlas Salt’s values in
environmental and social responsibility. By embedding EA requirements into the
project from its inception, Atlas Salt emphasizes its commitment to advancing the
Great Atlantic Salt Project responsibly, underscoring the Company’s goal to balance
environmental sustainability with market growth.
The Company maintains regular communication with the Department of
Environment and Climate Change and other regulatory bodies, providing updates on
compliance and project status. Atlas Salt also continues active engagement with
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
Indigenous groups, community stakeholders, and local governments, ensuring
consistent updates and addressing inquiries throughout each development phase.
CEO Richard LaBelle stated, “The Great Atlantic Salt Project’s phased permitting
approach, coupled with proactive integration of EA conditions, demonstrates our
commitment to responsible development. We are advancing this project with a focus
on environmental integrity and community partnership, positioning ourselves to
become a leading long-life, low-Greenhouse Gas (GHG) salt producer in the North
American market.”
For further information and ongoing updates, please visit https://atlassalt.com.
About Atlas Salt Inc.
Atlas Salt Inc. is developing Canada’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 salt
market while upholding its values of environmental stewardship and community
engagement.
For information, please contact:
Richard LaBelle, CEO
(709) 739-9545
We seek safe harbor.
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is
defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release. This press release includes certain “forward-looking
information” and “forward-looking statements” (collectively “forward-looking statements”)
within the meaning of applicable Canadian securities legislation. All statements, other
than statements of historical fact, included herein, without limitation, statements relating
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
to the future operating or financial performance of the Company, are forward-looking
statements. Forward-looking statements are frequently, but not always, identified by
words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”,
“possible”, and similar expressions, or statements that events, conditions, or results “will”,
“may”, “could”, or “should” occur or be achieved. Forward-looking statements in this press
release relate to, among other things: obtaining financing, completion, delivery and timing
of project components and requirements, and analysis and assumptions related thereto.
Actual future results may differ materially. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements are made and are based
upon a number of assumptions and estimates that, while considered reasonable by the
respective parties, are inherently subject to significant business, technical, economic, and
competitive uncertainties and contingencies. Many factors, both known and unknown,
could cause actual results, performance or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions and estimates based
on or related to many of these factors. Such factors include, without limitation: the timing,
completion and delivery of required permits, supply arrangements and financing. Readers
should not place undue reliance on the forward-looking statements and information
contained in this news release concerning these times. Except as required by law, the
Company does not assume any obligation to update the forward-looking statements of
beliefs, opinions, projections, or other factors, should they change.