Atlas Drills into Thick SALT Bed IN Easternmost Hole at Great Atlantic
TSXV: SALT
333 Duckworth Street, St. John's
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Telephone: (709) 754-3186
Fax: (709) 754-3946
AtlasSalt.com
ATLAS DRILLS INTO THICK SALT BED IN
EASTERNMOST HOLE AT GREAT ATLANTIC
St. John’s, Newfoundland and Labrador, January 11, 2023 – Atlas Salt (the “Company” or “Atlas” -
TSXV: SALT; OTCQB: REMRF), 100% owner of North America’s premier undeveloped high-grade salt
project, 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 (1,092 feet) 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, Atlas President, commented: “This step-out drill hole adds an exclamation mark to the
work completed to date and further demonstrates the scale of this massive homogeneous deposit that begins
at unusually shallow depths compared to operating underground mines in th e sector. Great Atlantic has
extraordinary advantages, all the attributes to become a state-of-the-art ‘Salt Factory’ and a disruptive asset in
the heart of the eastern North America road salt market.”
Preliminary Economic Assessment
SLR Consulting (Canada) Ltd. (SLR) has advised Atlas that it is on track to provide the results of a Preliminary
Economic Assessment (PEA) of the Great Atlantic Project during the second half of January, 2023. This
independent economic assessment is a prelude to the Feasibility Study and will describe the current economic
valuation for the project subject to refinement in the final Feasibility Study expected during this first half of
2023.
New Atlas Website
Atlas Salt is pleased to unveil its new corporate website, www.AtlasSalt.com, with a clean, crisp, modern look
optimized for a mobile user experience designed with SEO best practices in mind. The new website will assist
the company’s upcoming campaign to introduce the Atlas story to international investors.
Corporate Video
Click on the following link to view the company’s latest corporate video:
https://youtu.be/RlH5--Q2Vu0
Interview With Rowland Howe
“Why shouldn’t it become the biggest and best underground salt mine in the world?”: Atlas Salt President
Rowland Howe discusses Great Atlantic – click on the link below to view.
https://www.youtube.com/watch?v=9M1SmCmtLlE
Project Map
Qualified Person
Patrick J. Laracy, P.Geo, and CEO, is the Qualified Person responsible for the technical contents of this news
release as defined in National Instrument 43-101.
About Atlas Salt
Bringing the Power of S ALT to Investors: Atlas Salt owns 100% of the Great Atlantic salt deposit
strategically located in western Newfoundland in the middle of the robust eastern North America road salt
market. The project features a large homogeneous high-grade resource located immediately next to a deep
water port. Atlas is also the largest shareholder in Triple Point Resources as it pursues development of the
Fischell’s Brook Salt Dome in the heart of an emerging Clean Energy Hub on the west coast of
Newfoundland.
We seek Safe Harbor.
For information, please contact:
Patrick J. Laracy, CEO
(709) 754-3186
Email: [email protected]
MarketSmart Communications Inc.
Adrian Sydenham
Toll-free: 1-877-261-4466
Email: [email protected]
Forward-Looking Statements
Certain information contained herein constitutes forward -looking information or statements (“forward looking statements”) under
applicable securities legislatio n and rules. Generally, forward -looking information can be identified by the use of forward -looking
terminology such as “will be”, or variations of such words and phrases or statements that certain actions, events or results “will”
occur. All statements wi thin, other than statements of historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward -looking statements are based on reasonable assumptions, such statements do not
guarantee future performance and actual results or developments may differ materially from those in forward-looking statements. There
can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evalua tion of
such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable
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