Atlas Salt Inc. Announces Submission of Project Registration for the Great Atlantic Salt Project Under the Newfoundland and Labrador Environmental Protection Act
Atlas Salt Inc. Announces Submission of Project Registration for the
Great Atlantic Salt Project Under the Newfoundland and Labrador
Environmental Protection Act
ST. JOHN'S, NL / ACCESSWIRE / February 28, 2024 / Atlas Salt Inc. ("Atlas Salt" or the
"Company") (TSXV:SALT)(OTCQB:REMRF), is pleased to announce the submission of the
Project Registration Document (the "Registration") for the Great Atlantic Salt Project (the
"Project"), pursuant to Part X of the Newfoundland and Labrador Environmental Protection Act.
This submission represents a crucial milestone in the Project's development and path to
financing, construction and unlocking shareholder value.
The Registration outlines the Company's dedication to innovation, sustainable mining practices,
community engagement, and implementing strategies and designs to minimize environmental
impact. The Registration reviews in depth:
• Detailed environmental impact studies and mitigation strategies, demonstrating the
Project's comparatively low impact;
• Community engagement initiatives, and the high level of local support for the Project;
• Comprehensive analyses of potential effects on local flora and fauna, showing minimal
biodiversity impact;
• An energy-efficient operational design, that minimizes greenhouse gas emissions;
• Comprehensive plans, processes and mitigation measures addressing water management,
noise, light and dust control to minimize adverse impacts; and
• Important and significant social and economic contributions, along with associated
benefits to local, regional and provincial communities.
In support of this Registration, Atlas Salt has undertaken considerable environmental baseline
studies and analysis, including a greenhouse gas study (see the January 15, 2024 News Release).
This study details the Project's expected low carbon footprint, as compared to other mining
operations, of only 950 tonnes of carbon dioxide equivalent per million tonnes of production (t
CO2e/Mt). The Project's Scope 1 GHG emissions of 79 tonnes annually is comparable to the
emissions of the annual carbon footprint expected from just four Newfoundland families of four,
according to Statistics Canada (2023) (source: https://www150.statcan.gc.ca/n1/daily-
quotidien/231220/mc-c001-eng.htm).
Atlas Salt believes that the Project will significantly contribute to local and regional economies
and create numerous highly skilled generational employment opportunities.
The Registration is subject to review by the Newfoundland and Labrador Department of
Environment and Climate Change and the Company will provide further information as it
becomes available.
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
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, 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, except as required by law.
SOURCE: Atlas Salt