Atlas Salt Secures $8.7 Million in Brokered Private Placement

Atlas Salt Inc., a company focused on salt mining, concluded a brokered private placement, raising $8,704,400. Announced on October 14, 2025, the offering comprised 10,880,500 common shares at $0.80 per share. The offering followed National Instrument 45-106 exemptions and is exempt from Canadian hold periods.

A strategic investor's participation aligns with Atlas Salt’s goals, particularly for the Great Atlantic Salt Project. CEO Nolan Peterson remarked on the significance of this participation, in light of positive feedback from a recent feasibility study.

The funding will support the Great Atlantic Salt Project's civil engineering works. The transaction included considerations for the agents involved, totaling $522,264 in cash fees and compensation warrants.