Atlas Salt Appoints Mark Stewart as Chief Financial Officer, Promotes Robert Booth to Chief Operating Officer
Atlas Salt Appoints Mark Stewart as Chief
Financial Officer, Promotes Robert Booth to
Chief Operating Officer
St. George's, Newfoundland and Labrador--(Newsfile Corp. - August 4, 2026) - Atlas Salt Inc. (TSXV:
SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") announces, effective August 4
th
,
2026, the appointment of Mr. Mark Stewart, CPA, CA to the positions of Chief Financial Officer and
Corporate Secretary; the promotion and appointment of Robert Booth, P.Eng, PMP to the position of
Chief Operating Officer; and the promotion of Andrew Smith, P.Eng, ICD.D to the position of Director of
Project Strategy and Execution.
Mr. Nolan Peterson, CEO and Director, commented
:
"Our Great Atlantic Salt Project's quality
deserves a leadership team to match, and today's appointments further strengthen the exceptional
team we are building at Atlas Salt. Mark Stewart brings the financial leadership and strategic
experience to help guide the Company through its next phase of growth, while the promotions of
Robert Booth, aka "Bob the Builder" to Chief Operating Officer and Andrew Smith to Director of
Project Strategy and Execution recognize the outstanding leadership and significant contributions
they have already made to advancing the Great Atlantic Salt Project. I am confident our strengthened
leadership team positions Atlas Salt to successfully execute on the significant opportunity ahead."
Mark Stewart Career Highlights Include:
25+ years of executive broad finance leadership across public mining and industrial companies
Most recently served as Director, Enterprise FP&A at Teck Resources, responsible for enterprise-
wide planning, growth projects and Board reporting.
Former finance executive with Yamana Gold, Barrick Gold and Aritzia supporting capital allocation,
project evaluation, public company reporting and strategic transactions.
Led the financial integration of Yamana's US$3.5 billion acquisition of Osisko Gold.
Operationalized the divestiture of Barrick's $3.6B African assets in an IPO and listing on the
London Stock Exchange.
Negotiated a $300 million corporate credit facility while maintaining pricing in a challenging
financing environment.
Extensive experience in project finance, treasury, capital allocation, Board reporting and corporate
finance, supporting companies through development, financing and growth.
Mr. Mark Stewart, CFO, Commented
:
"
Having spent much of my career working with leading mining
companies, I recognize that opportunities like the Great Atlantic Salt Project are rare. The
combination of a high-quality asset, a thoughtful strategy and a leadership team focused on
disciplined execution made the decision to join Atlas Salt an easy one. I am excited to help the
Company execute on the significant opportunity ahead and eager to get started."
Robert Booth
has been promoted to Chief Operating Officer in recognition of the outstanding
leadership and technical expertise he has demonstrated since joining Atlas Salt. In his expanded role,
Mr. Booth will oversee all aspects of engineering, project development, construction planning,
operational readiness and site operations management as the Company advances the Great Atlantic
Salt Project towards production.
Andrew Smith
has been promoted to Director of Project Strategy and Execution in recognition of the
significant contributions he has made to the strategic planning and execution of the Great Atlantic Salt
Project. In his new and expanded role, Mr. Smith will continue to lead the integration of project strategy,
execution planning and cross-functional coordination.
He will also take on greater responsibilities for
refining the Company's salt marketing and distribution strategies, helping ensure the successful delivery
of one of North America's most significant mine development projects.
Compensation Securities Issued
The Company also announces that it has issued compensation securities to certain officers, consultants
and advisors of the Company. A total of 250,000 restricted share units ("RSUs") have been issued with
50,000 RSUs vesting on August 4th, 2027, 100,000 RSUs vesting on August 4
th
, 2028, and 100,000
RSUs vesting on August 4
th
, 2029. A total of 750,000 stock options have been granted, with an exercise
price of $1.39 per share, with the following vesting and expiration schedule:
50,000 options expiring August 4
th
, 2029, vesting on February 4
th
, 2027
50,000 options expiring August 4
th
, 2029, vesting on August 4
th
, 2027
200,000 options expiring August 4
th
, 2029, vesting on August 4
th
, 2027
125,000 options expiring August 4
th
, 2031, vesting on August 4
th
, 2027
200,000 options expiring August 4
th
, 2029, vesting on August 4
th
, 2028
125,000 options expiring August 4
th
, 2031, vesting on August 4
th
, 2028
The grant of the options and issuance of the RSUs is subject to the approval of the TSX Venture
Exchange.
About Atlas Salt
Atlas Salt is developing North America'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:
Nolan K. Peterson, CEO and Director
(709) 275-2009
We seek safe harbour.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements with
respect to: the advancement of the Great Atlantic Salt Project towards production; the Company's
development plans, operational readiness and construction planning; the Company's salt marketing
and distribution strategies; vesting of compensation securities ; and analysis and assumptions related
thereto. Forward-looking information is generally identifiable by use of the words "believes", "may",
"plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects" and
similar expressions, and the negative of such expressions. Forward-looking information is subject to
known and unknown risks and uncertainties that may cause actual results to differ materially from
those anticipated or implied in the forward-looking information. The Company's forward-looking
information is based on the assumptions that: the Company will be able to obtain all required
approvals for the Great Atlantic Salt Project; general business and economic conditions will not
change in a materially adverse manner; the Company will be able to obtain financing as required.
Risk factors that could cause actual results to differ materially include, but are not limited to: failure to
obtain necessary financing; changes in general economic, business and political conditions; changes
in applicable laws and regulations; compliance with extensive government regulation; and other risks
described in the Company's public disclosure documents filed on SEDAR+. The Company cautions
that the foregoing list of risk factors is not exhaustive. The forward-looking information contained in
this news release is made as of the date hereof and the Company is not obligated to update or revise
any forward-looking information, whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the risks, uncertainties and assumptions
contained herein, investors should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking information contained herein.
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https://www.newsfilecorp.com/release/307691