CA Market News
14時間前
Atlas Salt Provides Construction, Permitting and Corporate Update on the Great Atlantic Salt ProjectJuly 7, 2026 4:00 AM
NewsfileSt. George's, Newfoundland and Labrador--(Newsfile Corp. - July 7, 2026) - Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") provides an update on construction, permitting, and financing progress at the Great Atlantic Salt Project (the "Project"). Following the commencement of Early Works announced on February 27, 2026, the Project has advanced into active site construction, with the Company's surface earthworks contractor mobilized and earthworks underway.Summary of Key PointsOn Grade Construction and other contractors have been mobilized to site with Early Works construction underway.Town Development Permit from the Town of St. George's confirms full Early Works scope authorization under a single permit, streamlining the process now and in the future.All committed environmental and safety protocols are active with avifauna protection measures in place.Project financing activities are well under way and on target with indications of interest from prospective lenders and strategic partners.Multiple lenders and financing partners are in an active due diligence process.Nolan Peterson, President and CEO of Atlas Salt, commented:"It has been a busy and productive few months at Atlas, and I'm pleased to update stakeholders on our progress. With construction crews on site, our Town Development Permit confirmed for the full Early Works program, and the financing process under way, the Great Atlantic Salt Project has moved decisively from planning into execution. The discipline our team is demonstrating in the field, measured progress, strong safety performance, and active environmental oversight, is the same discipline we will carry into Capital Works construction, and it underpins the strong early interest we are seeing from the financing community."Early Works Construction Progress Atlas Salt's surface earthworks contractor, On Grade Construction, mobilized to site in early May and is actively executing the approved Early Works program. Activities to date include vegetation clearing, grubbing and earthworks across the Project footprint, together with the installation of temporary drainage infrastructure and erosion-and-sediment controls. In the coming months, and subject to weather and site conditions, the Company expects the Early Works program to advance from initial clearing and bulk earthworks into the balance of the authorized site-development scope. Planned activities include:Construction of the primary and secondary access roads and onsite road networkEstablishment of construction laydown areas and temporary facilitiesProgressive earthworks to shape site terraces, the life-of-mine stockpile foundations, and the catchment and diversion ditches, together with the peripheral berms and fencing that define the developed footprint.Environmental and sediment-and-erosion controls will continue to be installed and maintained ahead of and throughout these works. This program is expected to establish the infrastructure required to support the transition into Capital Works construction as project financing is advanced.Prior to vegetation clearing, Atlas Salt engaged Strum Consulting to complete avifauna nest sweeps across the approved clearing footprint during the spring migratory-bird arrival window. Clearing commenced only after sweeps confirmed no active nests in the planned area. A nest-protection protocol, overseen by ICI Innovations and supported by on-site personnel, remains active throughout the clearing program in accordance with the Project's approved Environmental Protection Plan.Regulatory and Permitting ProgressOn April 30, 2026, the Town of St. George's ("the Town") issued Atlas Salt a Development Permit authorizing the commencement of site-development work for the Project's Early Works program. Following collaboration with the Town, written confirmation was provided that the Development Permit applies to the full scope of activities set out in the approved Early Works Mine Development Plan and Rehabilitation and Closure Plan, rather than to grubbing and bulk earthworks alone. The Town confirmed that the permit authorizes the complete range of Early Works activities. Prior to this confirmation, it was expected that the Company would be required to submit multiple Town Development applications reflective of granular work packages. This now confirms that the Company can advance the full Early Works program under a single existing municipal authorization, rather than applying for separate development permits for each work activity. The Company expects this streamlined process to significantly reduce the administrative permitting overhead for the entire project in the coming years.The Company views the Town's confirmation as a direct reflection of the strong, sustained community support the Project continues to enjoy in St. George's and the surrounding region, and of the constructive working relationship between the Company and the Town.Project Financing UpdateAtlas Salt continues to advance project financing activities for the Great Atlantic Salt Project, supported by its financing advisor, Endeavour Financial. As previously disclosed, the Company is pursuing approximately $350 million to $400 million of senior secured debt, with the potential for additional subordinate debt, anchored by the Updated Feasibility Study ("UFS") released on September 30, 2025, which delivered an after-tax NPV8 of $920 million, a post-tax IRR of 21.3%, a 4.2-year payback at a steady-state production rate of 4.0 million tonnes per annum, and approximately $188 million in after-tax free cash flow over a 25-year mine life.The Company has now gone to market and received indications of interest from prospective lenders, vendor-financing counterparties and strategic financing partners across multiple jurisdictions. Multiple interested parties are currently working within the Company's established due diligence process. Concurrent workstreams include ongoing engagement with export credit agencies. All discussions remain non-binding, and the Company will provide further updates as material developments occur.Engagement of Outside the Box CapitalThe Company announces that it has engaged Outside The Box Capital Inc. ("Outside The Box Capital" or "OTB"), a marketing services firm based in Oakville, Ontario that provides investor awareness and digital marketing services to public companies, for the provision of marketing and distribution services. The services include planning and distributing company-approved content across social media channels, increasing investor awareness, and producing feature content on media channels.The engagement is for a term of six months from the date of this news release. The total cost is $150,000 plus applicable taxes, payable on the effective date from the Company's general working capital. There are no performance-based factors in the compensation, and Outside The Box Capital will not receive shares or options.Outside The Box Capital has no direct relationship with the Company other than as set out in this release. To the Company's knowledge, Outside The Box Capital does not hold any securities of Atlas Salt or have any right to acquire such securities, but may purchase shares during the term of the engagement.The engagement of Outside The Box Capital remains subject to TSX Venture Exchange approval.For further information and ongoing updates, please visit https://atlassalt.com.About Atlas SaltAtlas Salt is developing North America'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:Nolan K. Peterson, CEO and Director
CA Market News
4週前
Atlas Salt Announces Closing of $15 Million Bought Deal LIFE OfferingJune 11, 2026 9:16 AM
NewsfileSt. George's, Newfoundland and Labrador--(Newsfile Corp. - June 11, 2026) - Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") is pleased to announce that it has closed its bought deal offering (the "Offering") of common shares of the Company (the "Common Shares") previously announced on May 31, 2026 and upsized on June 1, 2026, raising aggregate gross proceeds of C$15,153,600. Under the Offering, 12,628,000 Common Shares at a price of C$1.20 per Common Share (the "Offering Price") were issued pursuant to National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") in accordance with Part 5A of NI 45-106, as amended by the Canadian Securities Administrators' Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares issued under the Listed Issuer Financing Exemption are not subject to a hold period in accordance with applicable Canadian securities laws.Nolan Peterson, CEO of Atlas Salt, commented: "The successful closing of this upsized bought deal offering reflects strong market confidence in Atlas Salt and Great Atlantic Salt Project and the significant progress we have made in advancing the Project toward full scale construction. The proceeds from this financing will enable us to accelerate our ongoing early works and site preparation program, advance detailed engineering, and continue to build momentum with our strategic project partners. We are well-positioned to deliver on our near-term development milestones and to create lasting value for our new and existing shareholders."The Offering was conducted pursuant to the terms of an underwriting agreement entered into among the Company and Ventum Financial Corp. and Raymond James Ltd., as co-lead underwriters and co-lead bookrunners (together, the "Underwriters"). The Offering included an underwriters' option (the "Underwriters' Option") to purchase up to an additional 1,079,000 Common Shares at the Offering Price, which was exercised in part for 128,000 Common Shares. As consideration for their services, the Company has paid the Underwriters an aggregate cash consideration of $929,216.The net proceeds received from the Offering will be used for early works and site preparation activities, detailed engineering and mine development planning, advancement of permitting and environmental workstreams, procurement planning and equipment studies, and advancement of project financing initiatives in connection with the Great Atlantic Salt Project, as well as for general corporate and working capital purposes, as further described in the amended and restated offering document dated June 1, 2026, filed in connection with the Offering, and which can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.atlassalt.com.Closing of the Offering is subject to final acceptance by the TSX Venture Exchange.The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.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 more information, please contact:Jeff Kilborn, CFO & VP Corporate Development
CA Market News
1月前
ATLAS SALT ANNOUNCES UPSIZED BOUGHT DEAL LIFE OFFERING OF COMMON SHARESJune 1, 2026 12:06 PM
PR Newswire (Canada) /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ST. GEORGE'S, NL, June 1, 2026 /CNW/ - Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV: SALT) (OTCQX: SALQF) (FRA: 9D00) is pleased to announce that, as a result of strong investor demand, it has amended its agreement with Ventum Financial Corp. and Raymond James Ltd., as co-lead underwriters (the "Underwriters"), to increase the size of its previously announced underwritten bought deal listed issuer financing exemption offering of common shares of the Company (the "Common Shares") from gross proceeds of approximately C$10,000,000 to gross proceeds of C$15 million (the "Offering"). Under the Offering, the Underwriters have agreed to purchase, on a bought deal basis, 12,500,000 Common Shares at a price of C$1.20 per Common Share (the "Offering Price").Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Offering is being made pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"), and will be offered for sale to purchasers resident in all provinces of Canada. The Common Shares issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The Common Shares may also be sold in Share offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act").The Company has also granted the Underwriters an option (the "Underwriters' Option"), exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to purchase additional Common Shares at the Offering Price for additional gross proceeds of up to C$1,294,800.There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.atlassalt.com. Prospective investors should read this offering document before making an investment decision. The net proceeds received from the Offering will be used for early works and site preparation activities, detailed engineering and mine development planning, advancement of permitting and environmental workstreams, procurement planning and equipment studies, and advancement of project financing initiatives in connection with the Great Atlantic Salt Project, as well as for general corporate and working capital purposes, as further described in the Offering Document.The Offering is scheduled to close on or about June 11, 2026 ("Closing Date") or such other date as the Company and the Underwriters may agree in writing. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange.This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Atlas SaltAtlas 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.Cautionary StatementNeither 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 the anticipated closing of the Offering; the approval of the TSX Venture Exchange; the filing of the Offering Document; and the intended use of proceeds from the Offering. 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; fluctuations in the spot and forward price of salt; geological, hydrological and climatic events; credit and liquidity risks; delays in receiving governmental approvals; adverse fluctuations in market prices and availability of commodities and equipment; and other risks described in the Company''s public filings. 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. Original: ATLAS SALT ANNOUNCES UPSIZED BOUGHT DEAL LIFE OFFERING OF COMMON SHARES
CA Market News
4月前
VIDEO - BTV Visits Atlas Salt, Graphene Manufacturing, Telescope Innovations, Nevada Organic Phosphate, Maple Gold, Intrepid Metals and Nine Mile MetalsMarch 4, 2026 6:00 AM
NewsfileWatch on BNN Bloomberg national
Wednesday, March 4 at 7:30 PM EST & Saturday, March 7 at 8 PM EST Tune into BTV and Discover Investment Opportunities. Vancouver, British Columbia--(Newsfile Corp. - March 4, 2026) - As the resource cycle accelerates, BTV – Business Television highlights companies turning exploration, innovation and strategic growth into actionable opportunity.Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) is moving toward construction of a battery and electric salt mine in Newfoundland with more than one billion tonnes of defined resource. The project targets low-cost de-icing supply for Ontario and the U.S. Northeast, markets currently facing seasonal shortages.Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) BTV chats with Graphene Manufacturing Group about turning graphene's long-promised potential into real-world commercial applications — from energy-saving coatings and advanced cooling solutions to ultra-fast charging battery technology.Telescope Innovations (CSE: TELI) (OTCQB: TELIF) is commercializing a Physical AI platform that automates lab experimentation, exponentially boosting productivity. Early sales in Asia and the U.S. mark initial traction as the company targets pharmaceutical and battery materials markets.Nevada Organic Phosphate Inc. (CSE: NOP) (OTCQB: NOPFF) controls a rapidly expanding, naturally clean phosphate system in Nevada that can be applied directly to farmland without chemical processing. Targeting the fast-growing organic agriculture sector, the project offers scalable domestic supply potential and future strategic value.Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) BTV explores this company positioned as a leading developer with a 3-million-ounce resource, Agnico partnership, and a historic mine complex in Quebec. The 2026 program will test resource growth and the potential for a modern restart.Intrepid Metals Corp. (TSXV: INTR) is drilling shallow copper targets in Arizona with potential links to a larger system. The program is supported by mining major, Teck Resources with further exploration planned this year, including work on a second project.Nine Mile Metals (CSE: NINE) (OTC Pink: VMSXF) With modern drone geophysics unlocking what older methods missed, Nine Mile is targeting hidden polymetallic systems in Bathurst. BTV examines how active drilling could expand and upgrade its resource base.About BTV – Business Television / BTV The Agency:For 28 years, BTV – Business Television has been on the air as the go-to half-hour investment show for savvy investors, delivering exclusive on-location interviews and actionable insights with emerging companies, industry leaders, and market experts. Hosted by Taylor Thoen and Jessica Katrichak, BTV provides investors with direct access to executive teams and compelling investment opportunities not found anywhere else.Discover Investment Opportunities.BTV SHOW BROADCAST NETWORKS and TIMES: CANADA:
Airing on BNN Bloomberg!Wednesday, March 4 @ 7:30pm ETSaturday, March 7 @ 8:00pm ET US National TV:
Biz Television Network –Sun, March 8 @ 1:00pm ETMon, March 9 @ 8:30am ETTues, March 10 @ 8:30pm & 11:30PM ESTBTV The Agency is a capital markets–focused B2B TV production and digital marketing agency serving publicly traded and financial companies. Through strategic content creation and extensive distribution across top-tier networks including Bloomberg, CNBC, FOX Business News, and leading financial platforms, the agency helps companies reach investors, advisors, and institutions—building brand credibility and driving national retail and institutional investor awareness.Take action now: Suggest a standout company to feature on BTV and put your pick in front of thousands of investors eager for the next big opportunity! Contact us directly at (604) 664-7401 or info@b-tv.com. Don't miss a beat—stay informed and ahead of the market by subscribing to BTV news today.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286189
Original: VIDEO - BTV Visits Atlas Salt, Graphene Manufacturing, Telescope Innovations, Nevada Organic Phosphate, Maple Gold, Intrepid Metals and Nine Mile Metals
CA Market News
4月前
Atlas Salt Commences Site Preparation ActivitiesFebruary 27, 2026 7:17 AM
ACCESS NewswireST GEORGE'S, NL / ACCESS Newswire / February 27, 2026 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQX:SALQF)(FRA:9D00) announces that it has fulfilled the applicable Environmental Assessment ("EA") conditions necessary to initiate Early Works for the Great Atlantic Salt Project (the "Project"), located near St. George's, Newfoundland and Labrador.Commencement of Land Clearing and Site Preparation ActivitiesThe Company confirms that:The Early Works Development Plan and associated Environmental Management Plans have received approval from the Government of Newfoundland and Labrador, as previously disclosed.The Benefits Agreement between Atlas Salt and the Province of Newfoundland and Labrador has been approved by necessary provincial entities, including Cabinet, and has been executed.Atlas Salt has received a formal Letter of Release confirming satisfaction of the applicable Environmental Assessment conditions required to commence Early Works Phase activities.With these approvals and the Letter of Release in place, Atlas Salt is immediately commencing permitted land clearing and related site preparation activities.Transition to Site ActivityFulfillment of EA conditions for the Great Atlantic Salt Project represents a key regulatory milestone, enabling Atlas Salt to advance from permitting and planning into physical Early Works execution. Initial activities will include permitted land clearing, grubbing, and site preparation required to establish the mine site footprint and support subsequent construction phases.Nolan Peterson, President and CEO of Atlas Salt, commented:"With the execution of the Benefits Agreement with the Province of Newfoundland and Labrador and satisfaction of the Early Works conditions under our approved Environmental Assessment, we are now moving into site preparation and initial construction at the Great Atlantic Salt Project. Beginning construction is a major milestone achievement for any mining project. For Atlas and the Great Atlantic Salt Project, it reflects disciplined progress and growing momentum as we continue advancing the project toward full development and production."Regulatory and Stakeholder AlignmentCompletion of the EA conditions and associated approvals reflects ongoing coordination with provincial regulators and stakeholders. The Benefits Agreement establishes a framework supporting employment, procurement, training, and community participation throughout the construction and operations phases of the Project. Atlas Salt will continue to advance required regulatory submissions as the Project progresses into subsequent phases.For further information and ongoing updates, please visit https://atlassalt.com.About Atlas SaltAtlas Salt is developing North America'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
CA Market News
5月前
Atlas Salt Expands Strategic MOU with Sandvik Mining Supporting $132 Million of Equipment and Services at Great Atlantic Salt ProjectFebruary 13, 2026 7:37 AM
ACCESS NewswireST. GEORGE'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / February 13, 2026 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQX:SALQF)(FRA:9D00) announces an expansion of its strategic relationship with Sandvik Mining ("Sandvik") in connection with the Updated Feasibility Study ("UFS") for the Great Atlantic Salt Project (the "Project"), located near St. George's, Newfoundland and Labrador.Building on the comprehensive non-binding Memorandum of Understanding ("MOU") announced in September 2024, Atlas Salt and Sandvik have expanded the scope of the MOU to reflect the full construction and ramp-up requirements outlined in the UFS. The expanded scope contemplates Sandvik supplying underground mobile mining equipment, technology, and associated services, with vendor-supported financing for Sandvik capital equipment required during Project construction and the planned ramp-up to steady-state production of 4.0 million tonnes per year ("Mtpa").Nolan Peterson, President and CEO of Atlas Salt, commented:"The Updated Feasibility Study reflects the scale and longevity of the Great Atlantic Salt Project, and our relationship with Sandvik has evolved accordingly. What began as an equipment supply arrangement has developed into a long-term strategic partnership aligned with construction, ramp-up, and decades of expected operations. This partnership supports execution certainty, operational readiness, and the disciplined development of the Project."Peter Corcoran, Vice President of Sandvik Mining Canada added:"Sandvik is pleased to continue working with Atlas Salt as the Great Atlantic Salt Project advances. The UFS confirms a long-term vision that aligns well with our portfolio of electrified equipment, automation, and lifecycle services, and our strategic initiatives in the Canadian market. We look forward to continuing to support the Project through its development and operation."Expanded Scope of the Sandvik RelationshipBased on the mine plan, production profile, and capital assumptions presented in the UFS, the anticipated commercial value of Sandvik-supplied equipment, technology, and services during the construction and ramp-up phases of the Project is estimated at approximately $132 million, representing an increase of $59 million from the $73 million contemplated under the original MOU.The estimated $132 million scope includes:Underground mobile mining equipment and associated services required for mine construction and initial operations.Additional fleet units, electrification, automation, and digital systems deployed during the multi-year ramp-up to full production capacity.Equipment quantities and deployment schedules consistent with the UFS development plan and ramp-up timelines post-construction.In connection with the product and service offering, Sandvik has expressed a non-binding financing arrangement to support the acquisition of certain Sandvik capital equipment, advanced mining system and technology contemplated in the UFS. The terms of financing remain subject to customary due diligence, receipt of Sandvik's required internal approvals, and negotiation and execution of the definitive agreements.Alignment with Project Execution StrategySandvik continues its role as an Integrated Project Delivery ("IPD") partner in supporting Atlas Salt's UFS and execution strategy by aligning mine design, equipment selection, automation, and maintenance planning with the Project's safety, productivity, and sustainability objectives.The UFS contemplates a predominantly electric and battery-electric underground fleet, supported by automation and digital systems, as a core element of the Project's operating strategy. Sandvik's technology platform, including AutoMine®, digital fleet management tools, and battery solutions, is expected to support these objectives while reducing operating risk and improving long-term cost certainty. Operating with Sandvik's battery electric and electric underground fleet, as contemplated in the UFS, is expected to reduce diesel emissions, underground heat load, and ventilation demand, resulting in lower greenhouse gas emissions, improved working conditions, and reduced energy intensity over the life of the Project.Options GrantThe Company also announces that, subject to approval of the TSX Venture Exchange (the "Exchange"), the Board of Directors has approved the issuance of incentive stock options (the "Options") to certain directors, officers, employees and consultants of the Company pursuant to the Company's existing 10% rolling stock option plan (the "Stock Option Plan").A total of 3,150,000 Options have been granted. Each Option entitles the holder to purchase one (1) common share in the capital of the Company (each, a "Share") at an exercise price of $0.98 per Share, which is equal to or greater than the market price of the Company's common shares on the date of grant. The Options are exercisable for a period of five years from the date of grant for directors and officers and will expire on February 12, 2031, subject to the terms of the Stock Option Plan. The Options granted to all others are exercisable for a period of three years from the date of grant and will expire on February 12, 2029, subject to the terms of the Stock Option Plan.The Options will be issued as follows:Directors: 1,200,000 OptionsOfficers: 1,000,000 OptionsEmployees: 550,000 OptionsConsultants: 400,000 OptionsAll Options granted are subject to vesting periods of either one or two years.The Company confirms that the Options are being granted for future services and that the recipients are bona fide directors, officers, employees or consultants of the Company in accordance with applicable Exchange requirements.After the issuance of the Options, 2,693,611 options will remain available for issuance under the Stock Option Plan.Market MakerThe Company further announces that it has retained Integral Wealth Securities Limited ("Integral") to provide Market-Making services in accordance with Exchange policies. Integral will trade securities of Atlas Salt on the TSX Venture Exchange for the purpose of maintaining an orderly market for the Company's securities.The agreement between the Company and Integral (the "Agreement"), executed on November 19, 2025, is for an initial term of three months. The Agreement outlines that Integral will receive compensation of CAD$6,000 per month, with the first monthly payment paid on the signing of the Agreement by the Company, and thereafter, the fee will be payable on the first day of each month. After the third month, the Company may terminate the Agreement on 30 days written notice. There are no performance factors in the agreement and Integral will not receive shares or options as compensation.Atlas Salt and Integral are unrelated and unaffiliated entities; Integral is a member of the Canadian Investment Regulatory Organization ("CIRO") and can access all Canadian Stock Exchanges and Alternative Trading Systems. The capital and securities required for any trade undertaken by Integral as principal will be provided by Integral.For further information and ongoing updates, please visit https://atlassalt.com.For further information about Sandvik, please visit https://www.rocktechnology.sandvik/About Sandvik MiningSandvik Mining is the mining-focused business area of the global Sandvik Group, and a leading supplier of equipment, tools, parts, services, digital solutions, and technologies designed to enhance productivity, safety, and sustainability in the mining and infrastructure industries. Application areas include rock drilling, rock cutting, loading and hauling, tunneling, and quarrying. In 2024, Sandvik Mining and Rock Solutions reported revenues of approximately SEK 63.6 billion and employed roughly 17,300 people worldwide. Sandvik AB, the parent company headquartered in Stockholm, Sweden, operates in more than 150 countries with total Group revenues of about SEK 123 billion and approximately 41,000 employees.About Integral Wealth Securities LimitedIntegral Wealth Securities Limited is an independent CIRO-licensed investment dealer engaged in market making, investment banking and wealth management. Headquartered in Toronto, the firm operates from nine offices across Canada. The firm's FINRA-licensed US broker dealer affiliate, Integral Wealth Securities LLC, is based in Malvern, PA and provides investment banking as well as private placement services.About Atlas SaltAtlas 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
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