Atlas Salt Inc - REMRF STOCK NEWS

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has released its inaugural Environmental, Social and Governance (ESG) Report for the Great Atlantic Salt Project. The report outlines three core sustainability priorities: maintaining social license, developing a market for clean salt, and minimizing environmental impact. Atlas Salt aims to build long-term relationships with key partners, identify clients valuing clean, low-carbon salt, and operate sustainably using electric equipment powered by the provincial grid.

CEO Rick LaBelle emphasized the company's commitment to stakeholder engagement, minimal environmental impact, and responsible growth. The ESG Report details Atlas Salt's performance in health, safety, social, and environmental matters, showcasing their strategy to provide North American markets with cleanly extracted de-icing salt with a minimal transportation emission footprint. This report will support strategic discussions with potential financing sources to advance the project's construction and unlock shareholder value.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has announced a de-risked development schedule for its Great Atlantic Salt Project, reducing the duration to 59 months, a 5% improvement from the original 62-month plan. The updated schedule, verified by Tamkali , includes a target date in the first half of 2025 for securing project financing. Key enhancements include increased detail, PERT analysis with Monte Carlo simulation, and the use of Oracle Primavera Cloud software. The company has made significant advances over the past year, including obtaining environmental assessment release and addressing various preconditions for financing.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has completed a detailed simulation and modelling verification for its Great Atlantic Salt Project with SRK Consulting. This verification validates the project's equipment requirements, material handling system, and port capabilities. Key findings include:

1. Resolution of SLR recommendations from the Feasibility Study
2. Confirmation of mobile mining equipment scalability
3. Verification that the material handling system and port infrastructure can manage a production rate of at least 2.5 Mtpa

The SRK model refines equipment needs and requirements, ensuring a sophisticated approach to operational planning and further de-risking the project. This analysis supports Atlas Salt's strategic planning and strengthens confidence in the project's potential to deliver significant economic benefits.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has announced the grant of 850,000 deferred share units to certain directors of the company. This decision was approved by the company's board of directors and is in accordance with Atlas Salt's Equity Incentive Plan. The grants are subject to the terms outlined in the applicable grant agreements and must comply with the TSX Venture Exchange requirements. This move represents a form of equity-based compensation for the company's directors, potentially aligning their interests with those of the shareholders.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has announced the results of an Economic Impact Report for its Great Atlantic Salt Project in Newfoundland & Labrador (NL), Canada. The report, prepared by Jupia Consultants Inc., highlights significant economic benefits over the project's 34-year life, including:

• A $4.8 billion boost to NL's GDP
• $2.5 billion in employment income for NL
• A $1.9 billion increase in annual household spending in NL
• $90 million in tax revenue for NL municipal governments
• $1.7 billion and $953 million in contributions to the NL and federal governments, respectively

The project is described as a generational investment in southwestern Newfoundland, creating hundreds of high-paying jobs and supporting local businesses. Atlas Salt aims to establish a long-term sustainable business, with the report confirming the project's significant potential impact on the region.

Atlas Salt Inc. announces the filing of an amended technical report for the Great Atlantic Salt Project, maintaining the base case for developing an underground salt mine in Newfoundland and Labrador capable of producing 2.5 Mtpa of rock salt. The Amended Technical Report includes minor changes and the removal of an expansion case assessment, with all Mineral Resource and Reserve Estimates remaining unchanged from the previous report. The report, prepared by SLR Consulting, confirms key infrastructure details for mine access and processing to reach Canadian and American markets.

Atlas Salt Inc. announces its annual filings and company update, including key milestones achieved in 2024 for the Great Atlantic Salt Project. The company has filed its year-end audited financial statements and MD&A as of December 31, 2023. The updates include strategies for de-risking mine project execution, low GHG intensity confirmed, progress in environmental assessment processes, and objectives for the project in 2024. Rick LaBelle succeeds Rowland Howe as President of the company.

Atlas Salt Inc. announces that the Honourable Bernard Davis, Minister of Environment and Climate Change in Newfoundland and Labrador, has released the proposed Great Atlantic Salt Project from the provincial environmental assessment process. The Project aims to bring economic growth to the region by producing high-quality Canadian-made salt for North American markets. The release from the EA process marks a significant milestone in the Project's development and path to financing, construction, and stakeholder value. The Project's strategic advantage lies in its location, environmental sustainability, and economic viability.

Atlas Salt Inc. announces an extension for the decision on the Great Atlantic Salt Project, emphasizing innovation, sustainability, and economic benefits.