Atlas Salt Advances Great Atlantic Salt Project with Updated Feasibility Study

Atlas Salt Inc. is progressing with an Updated Feasibility Study for its Great Atlantic Salt Project in Newfoundland and Labrador, Canada. Building on a 2023 study, this update aims to optimize production and improve economic outcomes. The study will refine mine planning, enhance processing, and integrate new equipment to boost efficiency. It also revitalizes economic analyses, aligning with regulatory compliance and permitting requirements.

The study is spearheaded by SLR Consulting Ltd., maintaining continuity from the initial feasibility review. Patrick Laracy, Chairman & Interim CEO, emphasizes the aim of maximizing value while maintaining low production costs. Completion is expected by Q3 2025, aiding financing and development strategies.

Financing efforts are ongoing with Endeavour Financial, poised to incorporate the study's findings upon its completion. Compensation securities have been issued to company officers, with performance-linked vesting schedules extending through 2028.