Atlas SALT Welcomes New Executive Management Team
TSXV: SALT
2 School Rd.
St. Georges NL, A0N 1Z0
Telephone: (709) 739-9545
AtlasSalt.com
ATLAS SALT WELCOMES NEW EXECUTIVE
MANAGEMENT TEAM
St. John’s, Newfoundland and Labrador, June 03, 2025– Atlas Salt (the “Company” or
“Atlas” - TSXV: SALT; OTCQB: REMRF) announces the appointment of Mr. Nolan K.
Peterson, MBA, CFA, P.Eng. as Chief Executive Officer and Director of the Company and Mr.
Jeffrey Kilborn, CMC as Chief Financial Officer, Corporate Secretary and VP Corporate
Development, effective June 9, 2025.
Mr. Alasdair Federico has resigned from his position as Chief Financial Officer effective June
9 and will provide transitional consulting services as needed. The Company sincerely thanks
Mr. Federico for his professional service and thoughtful contributions to the Company through
the permitting and preconstruction phase.
Mr. Peterson joins the Company with an impressive technical and management background
indicative of his capabilities and keen business acumen.
Nolan Peterson Career Highlights include:
Over 20 years experience in the mining sector; spanning development, operations
and finance including extensive experience in capital markets, public company
management and corporate development.
A senior leader in the successful delivery of the New Afton ($750 million), Rainy
River ($1B) and Hope Bay ($250M) mining projects in addition to extensive project
development work with companies including Barrick, Newmont, Rio Tinto, and
QuadraFNX.
Most recently served as CEO and President of World Copper Corp. from 2021 to
2023 where he successfully completed the merger with Cardero Resources Corp.
and concurrently advanced the Escalones and Zonia projects in Chile and Arizona,
respectively.
Held senior positions including Project Engineer and Financial Analyst and later
Senior Director of Financial Planning and Analysis (FP&A) at New Gold and TMAC
Resources/Agnico Eagle where he held key roles in developing and transitioning
three major mines into production including the New Afton and Rainy River projects,
and advancing the development of the Blackwater project ($1.8B) through Feasibility
Study.
Grew up in Nunavut in Canada’s arctic, an upbringing that has left him uniquely
aware of the needs of local communities and environments surrounding mineral
development projects. His perspectives will be invaluable in navigating key issues
that impact and shape the development of modern mining projects.
Bachelor’s Degree in Applied Science from University of British Columbia (UBC);
MBA from the UBC Sauder School of Business; Chartered Financial Analyst (CFA)
Charterholder; Professional Engineer (P.Eng) in British Columbia and Ontario.
Mr. Peterson commented: “This is an exciting time to join Atlas Salt and I am thrilled to
undertake this role. Atlas Salt presents a rare and compelling opportunity to lead the
development of an emerging mine with many unique characteristics that holds strategic
importance for the Canadian and broader North American salt market. The Great Atlantic salt
deposit has been significantly derisked and is at a position where I am confident I can lead the
team to a successful outcome for all stakeholders. I am committed to sharing our vision with a
broader audience and ensuring that robust mechanisms are in place to advance the salt project
safely, efficiently, and with deep respect for the communities and environment we serve. In the
near future, I look forward to connecting with new and existing shareholders and stakeholders
as we bring Canada’s next great salt mine to life - setting a new standard for responsible
development, innovation, and lasting value for Canada.”
Mr. Kilborn joins the Company with a diverse background in mining and financial capital
markets spanning over 20 years.
Jeffrey Kilborn Career Highlights include:
Former Executive Vice President of Corporate Development, Chief Financial Officer
and Director of Canadian Gold Corp. (TSXV:CGC). Currently Director and Chair of the
Audit Committee.
Investment Banking with Raymond James Ltd. - engaged in equity capital market
transactions, including managing road shows for clients.
Investment Banking with Bank of America - engaged in cross-border debt capital market
transactions.
Business Advisor and Manager with the Business Development Bank of Canada -
provided strategic advice to high-growth small and medium-sized businesses across
Canada.
Bachelor of Arts - Honours Business Administration from Ivey Business School,
Western University; Canadian Association of Management Consultants (CMC)
designation.
Mr. Kilborn commented, “I look forward to being part of the Atlas team as we embark on the
financial execution to develop the Great Atlantic salt project. My mining and financial capital
markets experience positions me to support and complement Mr. Peterson as we take the
company to the next phase. I am excited to articulate the Atlas story to the wider investment
community.”
Chairman Comment
Mr. Patrick Laracy, Chairman of the Board, commented: “We are delighted to have recruited
a motivated leadership team in Nolan and Jeff, which speaks to the quality of our project.
We feel confident in their ability to integrate with our existing strong technical and
administrative team to develop the Great Atlantic salt project. The team will be instrumental
in elevating the profile of the Company, which offers investors a compelling and highly
differentiated opportunity in the mining space, at a discount to intrinsic value. We expect
that the many positive attributes of our substantially derisked project will become more
widely recognized with the new management focus, and we look forward to expanding our
capital markets profile in the immediate term.”
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:
Patrick Laracy, Chairman
(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.