Atlas Salt Enters MOU with CN to Evaluate Logistics Opportunities to Optimize Great Atlantic Salt Project Economics
Atlas Salt Enters MOU with CN to Evaluate
Logistics Opportunities to Optimize Great
Atlantic Salt Project Economics
St. George's, Newfoundland and Labrador--(Newsfile Corp. - August 20, 2026) - Atlas Salt Inc. (TSXV:
SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") announces that it has entered
into a non-binding Memorandum of Understanding (the "MOU") with CN ("CN"), one of North America's
leading Class I railroads, to explore multi-modal rail solutions for the distribution of de-icing salt from the
Company's Great Atlantic Salt Project (the "Project") in Newfoundland and Labrador.
The MOU aims to assess how integrating rail logistics can reduce the Project's delivered salt costs,
expand its addressable market, and ultimately improve the Project's economics relative to the Updated
Feasibility Study.
Nolan Peterson, CEO of Atlas Salt, commented:
"Logistics is the single largest driver of delivered cost in the de-icing salt business, and we are
systematically engineering every leg of our supply chain to maximize our competitive advantages.
Collaborating with a partner of CN's calibre to explore building out the rail component of our
strategy is an important step, and it reflects the disciplined, cost and value focused
approach we
are taking across the Project."
Buck Rogers, Vice-President Petroleum, Chemicals & Regional at CN, commented:
"CN is committed to working with customers to develop efficient and resilient supply chain
solutions. We look forward to exploring with Atlas Salt how our network can support the movement
of its product to markets across Eastern Canada and beyond."
Under the MOU, Atlas Salt and CN intend to explore:
Rail movement of de-icing salt on lanes served by CN's network;
Railcar supply and equipment solutions to support Atlas Salt's distribution requirements; and
Transload arrangements linking Atlas Salt's marine distribution with CN's inland rail network and
logistics partnerships.
The MOU establishes a framework for the parties to jointly evaluate the use of CN's bulk-freight rail
network and ancillary logistics relationships to complement Atlas Salt's marine-centric logistics model,
under which product is shipped by vessel from the Port of Turf Point to discharge ports along the eastern
seaboard.
Rail is evolving into a significant component of Atlas Salt's broader multimodal distribution
strategy, which the Company continues to optimize to reduce delivered cost, expand its addressable
market, and potentially expand profitability.
In the Company's updated feasibility study for the Project,
delivery port to final customer distribution was contemplated to be completed almost entirely by trucking -
understanding the ability to transition much of this distribution to rail has the potential to significantly
improve project economics.
The MOU is non-binding and does not commit either party to enter into a definitive agreement. The
parties intend to work together in good faith to develop the scope, terms and commercial framework of a
potential multimodal rail logistics partnership.
For further information and ongoing updates, please visit
https://www.atlassalt.com
.
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.
About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America every year for its customers. With
its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern
and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and
the prosperity of the communities in which it operates since 1919.
For information, please contact:
Nolan K. Peterson, CEO and Director
(709) 275-2009
We seek safe harbour.
Cautionary Statement
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/310565