Government of Newfoundland and Labrador Approves Early Works Development Plan for the Great Atlantic Salt Project
Government of Newfoundland and Labrador Approves
Early Works Development Plan for the Great Atlantic Salt
Project
ST. JOHN'S NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / July 10, 2025
/ Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) announces
that the Minister of the Department of Industry, Energy and Technology ("IET") for
Newfoundland and Labrador has formally approved the Early Works Mine Development,
Rehabilitation and Closure Plan (the "Early Works Development Plan") for the Great Atlantic
Salt Project (the "Project").
Nolan Peterson, CEO of Atlas Salt, stated: "The approval of the Early Works Development
Plan marks a pivotal step for the Great Atlantic Salt Project, officially transitioning it to
shovel ready. This milestone is a further reflection of our ability to effectively collaborate
with local stakeholders to move our objectives forward. With a clearly permitted route, we
are positioned for expedited procurement and mobilization. Our structured approach
minimizes execution risk, accelerates economic benefits for Newfoundland and Labrador,
and strategically prepares Atlas Salt for the construction phase. "
Approval of the Early Works Development Plan authorizes Atlas Salt to proceed with site
preparation and surface infrastructure activities. This will enable the Project to advance
toward full mine construction, further reduce associated risks, and keep the Project on
schedule.
Early Works Scope
The approved Early Works Development Plan includes:
• Site preparation and earthworks - clearing, grubbing and grading across the 47 ha
Project site.
• Access infrastructure - construction of a 1.3 km primary access road from Steel
Mountain Road and a 300 m secondary road along the planned conveyor corridor.
• Surface support areas - two lay-down yards, temporary offices, lunchroom and
wash trailers to service construction.
• Water management and environmental controls - catchment ditches, a temporary
settling basin, diversion berms, erosion-sediment measures and a comprehensive
Environmental Protection Plan.
• Foundations and terraces for life-of-mine stockpile pads and equipment staging.
• Workforce and economic benefits - an estimated 150 full-time-equivalent positions
over the 16-month early-works program, prioritizing Newfoundland and Labrador
residents, once the program begins.
Next Pre-Construction Steps
• Complete the Updated Feasibility Study ("UFS") and release its results in Q3 2025,
updating the technical basis for project financing.
• Finalize project financing subsequent to UFS completion, unlocking procurement of
subcontractors, long-lead materials and mobile equipment.
• Begin procurement upon project financing close, with contractor mobilization to
commence within three months for clearing, grubbing and initial earthworks.
• Expand the Development, Rehabilitation and Closure Plan to cover post-early-works
construction of the boxcut, declines, and supporting underground infrastructure.
For further information and ongoing updates, please visit https://atlassalt.com.
The scientific and technical information contained in this news release has been approved
by Andrew Smith, P .Eng., ICD.D, Project Director and General Manager, who is a "Qualified
Person" for the purposes of NI 43-101.
About Atlas Salt Inc.
Atlas Salt 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:
Jeff Kilborn, CFO & VP Corporate Development
(709) 275-2099
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: 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.
SOURCE: Atlas Salt Inc.