on Atlas Salt (isin : CA04943J1003)
Atlas Salt Grants Stock Options and Seeks New CEO
Atlas Salt Inc. has granted 200,000 stock options to one of its directors, with an exercise price set at 46 cents per option for three years. Following this issuance, the company indicates that it retains 4,384,531 shares reserved for potential future grants under its equity compensation plans.
Additionally, Atlas Salt is searching for a new CEO and has hired a specialized mining and financial recruitment firm to assist. The CEO selection process is reportedly advancing with candidate screenings. In the interim, Patrick Laracy, the company’s Chairman, has assumed the role of CEO.
The company, currently developing a new salt mine in Canada, is focused on responsible mining practices and aims to impact the North American salt market positively.
R. E.
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