Atlas Salt Inc. Announces Annual Filings and Company Update

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, CA / ACCESSWIRE / April 24, 2024 / Atlas Salt Inc. ("Atlas" or the "Company") (TSXV:SALT)(OTCQB:REMRF) is pleased to announce that it has filed its year-end audited financial statements and Management Discussions and Analysis ("MD&A") as of December 31, 2023 with the appropriate Canadian and U.S. regulatory bodies. Canadian filings are available for viewing on SEDAR+ at www.sedarplus.ca and U.S. filings are available viewing on OTC Markets at www.otcmarkets.com.

Company Update - 2024 Objectives

The Company has already achieved crucial milestones in 2024 in the development of the Great Atlantic Salt Project and achieving a path to financing, construction and ultimately unlocking stakeholder value.

January 8, 2024: Announced the key strategies for de-risking mine project execution, alongside the completion of a third-party peer review of the feasibility study by BWB Consulting Services Inc.;

January 15, 2024: Announced the results of a Greenhouse Gas (GHG) Emissions Inventory Report for the Great Atlantic Salt Project by Stantec Consulting Ltd., confirming exceptionally low GHG intensity for a mining project;

February 28, 2024: Announced the submission of the Project Registration Document for the Great Atlantic Salt Project pursuant to Part X of the Newfoundland and Labrador Environmental Protection Act.

April 19, 2024: Announced that the Minister of Environmental and Climate Change for Newfoundland and Labrador has released with conditions the proposed Great Atlantic Salt Project from the provincial environmental assessment process.

Looking ahead, the Company is progressing the following objectives for the Great Atlantic Salt Project for the remainder of 2024:

• Establishing monitoring programs consistent with the conditions of release from the provincial environmental assessment process;
• Progressing permitting, leasing and zoning;
• Developing the detailed timeline to commercial production;
• Developing mine design and build optimizations;
• Progressing offsite infrastructure agreements and capital investment plans for logistics including the planned material transportation, conveyor and port loading systems;
• Developing salt distribution and monetization strategic partnerships; and
• Progressing project financing options.

Company Update - Executive Team