Atlas Salt Inc. (TSXV:SALT | OTCQX:SALQF)

Atlas Salt Inc.
2 School Road
St. George’s, NL
A0N 1Z0
Phone: (709) 275-2009
www.atlassalt.com

Atlas Salt Inc. (“Atlas” or “the Company”) is a Canada-based industrial minerals developer headquartered in Newfoundland and Labrador. The Company is advancing the Great Atlantic Salt Project (“Great Atlantic” or “the Project”) in the St. George’s Bay Basin in Western Newfoundland, with plans for a conventional underground mine aimed at supplying de-icing salt to customers in Eastern Canada and the U.S. Northeast. The site is roughly 2 km from the Turf Point deepwater port and about 1.4 km from the St. George’s substation, with the Trans-Canada Highway running nearby, which are all central to the Project’s logistics plan. Great Atlantic is expected to be North America’s first new salt mine in nearly three decades. The project received a conditional release from the provincial environmental assessment (EA) process in April 2024, and in July 2025, the province approved an Early Works Development Plan supporting defined site preparation activities. In September 2025, Atlas published an Updated Feasibility Study (UFS) that lays out the base development plan: a 4.0 million tonne per annum (Mtpa) mine over a 24.3-year operating life, with after-tax economics of C$920 million NPV (8% discount rate) and a 21.3% IRR (per the UFS).

* Updated on February 17, 2026.

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