Atlas Salt Inc. Announces Annual Filings and Company Update
Atlas Salt Inc. Announces Annual Filings and Company Update
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, CA / ACCESSWIRE / April 24,
2024 / Atlas Salt Inc. ("Atlas" or the "Company") (TSXV:SALT)(OTCQB:REMRF) is
pleased to announce that it has filed its year-end audited financial statements and Management
Discussions and Analysis ("MD&A") as of December 31, 2023 with the appropriate Canadian
and U.S. regulatory bodies. Canadian filings are available for viewing on SEDAR+ at
www.sedarplus.ca and U.S. filings are available viewing on OTC Markets at
www.otcmarkets.com.
Company Update - 2024 Objectives
The Company has already achieved crucial milestones in 2024 in the development of the Great
Atlantic Salt Project and achieving a path to financing, construction and ultimately unlocking
stakeholder value.
January 8, 2024: Announced the key strategies for de-risking mine project execution, alongside
the completion of a third-party peer review of the feasibility study by BWB Consulting Services
Inc.;
January 15, 2024: Announced the results of a Greenhouse Gas (GHG) Emissions Inventory
Report for the Great Atlantic Salt Project by Stantec Consulting Ltd., confirming exceptionally
low GHG intensity for a mining project;
February 28, 2024: Announced the submission of the Project Registration Document for the
Great Atlantic Salt Project pursuant to Part X of the Newfoundland and Labrador Environmental
Protection Act.
April 19, 2024: Announced that the Minister of Environmental and Climate Change for
Newfoundland and Labrador has released with conditions the proposed Great Atlantic Salt
Project from the provincial environmental assessment process.
Looking ahead, the Company is progressing the following objectives for the Great Atlantic Salt
Project for the remainder of 2024:
• Establishing monitoring programs consistent with the conditions of release from the
provincial environmental assessment process;
• Progressing permitting, leasing and zoning;
• Developing the detailed timeline to commercial production;
• Developing mine design and build optimizations;
• Progressing offsite infrastructure agreements and capital investment plans for logistics
including the planned material transportation, conveyor and port loading systems;
• Developing salt distribution and monetization strategic partnerships; and
• Progressing project financing options.
Company Update - Executive Team
The Company also announces that as part of the Company's transition to development, Rick
LaBelle is succeeding Rowland Howe as President of the Company. Mr. Howe will continue on
the Company's Board of Directors and will act as a Special Advisor to Mr. LaBelle.
Rick LaBelle, CEO, commented: "Since joining the Company in 2021, Rowland has been a
major asset and key part of the success in progressing the Great Atlantic Salt Project from
exploration to where we are today. Rowland's salt industry and infrastructure experience are a
valuable asset to our Board of Directors and I'm pleased that Atlas Salt will continue to benefit
from his expertise."
Rowland Howe commented "I'm excited about the future of Atlas Salt and the Great Atlantic Salt
Project and know that it is in capable hands with Rick. Having obtained environmental clearance,
Rick is the right person to build this mine and I'm happy to provide my continued support and
strategic advice to the Board and executive team of the Company to further advance the Great
Atlantic Salt Mine towards production."
For further information and ongoing updates, please visit https://atlassalt.com/.
Qualified Persons
The technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf
of the Company by Patrick J. Laracy, P. Geo, Chairman of Atlas Salt, a qualified person.
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 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: 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, contract agreements, 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.
SOURCE: Atlas Salt