Atlas Salt Submits Early Works Development Plan for Great Atlantic Salt Project
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
FOR IMMEDIATE RELEASE
Atlas Salt Submits Early Works Development Plan for Great Atlantic Salt Project
St. John's, Newfoundland and Labrador – February 28, 2025 - Atlas Salt Inc. (“Atlas
Salt” or the “Company”) (TSXV: SALT; OTCQB: REMRF) is pleased to announce the
formal submission of the Early Works Mine Development and Rehabilitation and
Closure Plan (the “Early Works Development Plan”) to the Department of Industry,
Energy and Technology for the Government of Newfoundland and Labrador, for the
Great Atlantic Salt Project (the “Project”) in Newfoundland and Labrador, Canada.
The submission of the Early Works Development Plan marks a critical milestone in
advancing the Project toward construction. This plan outlines the phased approach
for site preparation and early-stage infrastructure development, ensuring regulatory
compliance while de-risking key project components ahead of full-scale mine
construction.
Key Components of the Early Works Development Plan
Site Preparation: Clearing and grubbing activities, stockpile pad grading, and
initial earthworks to establish the mine site footprint.
Primary and Secondary Access Roads: Construction of a 1.3 km primary
access road from Steel Mountain Road and a 300 m secondary access route
along the planned conveyor corridor.
Surface Infrastructure: Development of laydown areas, temporary
construction facilities, and essential utilities to support subsequent project
phases.
Sediment and Erosion Control Measures: Implementation of stormwater
management systems, catchment ditches, and a temporary settling basin to
mitigate environmental impacts.
Regulatory Compliance and Permitting: Submission of required approvals for
road access, site disturbance, and water management infrastructure, ensuring
alignment with provincial environmental guidelines.
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
The Early Works Development Plan enables Atlas Salt to initiate critical site activities
ahead of full project execution, accelerating timelines for major construction phases.
By proactively addressing key infrastructure and environmental management
requirements, the Company aims to optimize the transition into mine development
while maintaining a rigorous approach to regulatory compliance.
Richard LaBelle, CEO of Atlas Salt, commented: “The submission of the Early Works
Development Plan represents another significant step in de-risking the Great Atlantic
Salt Project and positioning Atlas Salt as a leading low-cost producer in the North
American salt market. This milestone ensures we remain on track for the timely
development of critical project infrastructure, paving the way for commercial
production.”
Pending governmental review and approval, Early Works construction is expected to
commence in 2025, with subsequent phases progressing in alignment with the
overall project schedule.
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
(709) 739-9545
We seek safe harbor.
Cautionary Statement
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TSXV: SALT
100 New Gower Street, Suite 910
St. John’s, NL A1C 6K3
Telephone: (709) 739-9545
AtlasSalt.com
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: obtaining financing, 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.