Atlas Salt Inc Stock Price, News & Analysis

Atlas Salt (OTCQB:REMRF) closed a brokered private placement on October 21, 2025, raising gross proceeds of $8,704,400 through issuance of 10,880,500 common shares at $0.80 per share. A strategic investor participated to support the Great Atlantic Salt Project.

Agents Raymond James and Ventum were co-lead agents; the company paid $522,264 in cash fees and issued 652,830 compensation warrants exercisable at the offering price for 24 months. Net proceeds will fund civil engineering for Great Atlantic and general corporate purposes. Certain insiders participated and the company relied on MI 61-101 exemptions.

Atlas Salt (OTCQB:REMRF) has announced an Updated Feasibility Study (UFS) for its 100%-owned Great Atlantic Salt Project, revealing significantly enhanced economics. The project now shows a post-tax NPV8 of $920 million and an IRR of 21.3% with a 4.2-year payback period.

The UFS outlines an optimized operation with increased production capacity to 4.0 million tonnes per annum of high-purity road salt, up 60% from the previous study. The project requires initial capital of $589 million and projects average annual operating cashflow of $325 million. The mine life is set at 24 years with competitive operating costs of $28.17 per tonne.

Located near St. George's, Newfoundland, the project benefits from strategic access to deepwater port facilities and shipping routes serving Eastern Canada, the U.S. Northeast, and Western Europe. The study confirms Great Atlantic as North America's leading undeveloped salt project, with total undiscounted post-tax cashflow of $3.93 billion over the mine life.

Atlas Salt (OTCQB:REMRF) has announced the issuance of compensation securities to its Board of Directors. The company has granted a total of 600,000 deferred share units (DSUs) under its Equity Incentive Plan. These DSUs will vest after one year from the grant date, contingent on the recipients maintaining their service with the company. The issuance is subject to TSX Venture Exchange requirements and applicable securities laws.

Atlas Salt (OTCQB:REMRF) has announced its support for Memorial University's Passive Array for Critical Minerals on the Island of Newfoundland (PACMIN) research project. The initiative involves a network of 22 seismograph stations across Newfoundland, including one at Atlas Salt's St. George's facility.

PACMIN is a collaborative effort between Memorial University, Université du Québec à Montréal, and Yale University, with support from Natural Resources Canada. The project, running through summer 2027, aims to study geological structures and plate-tectonic processes to better locate critical minerals essential for green economy transition.

Atlas Salt (OTCQB:REMRF) has received signed letters of interest (LOIs) from potential debt financers, including export credit agencies, for its Great Atlantic Salt Project (GAS Project). The company's project financing advisor, Endeavour Financial, launched a market outreach process in early 2025 and has garnered interest from multiple institutions.

Third-party consultants are conducting technical, environmental, and social due diligence reviews. Endeavour Financial is finalizing a comprehensive due diligence package that will include the LOIs, independent reports, and an Updated Feasibility Study with financial modeling.

Separately, Atlas Salt has issued 400,000 stock options to a financial consultant at an exercise price of $0.50, vesting quarterly over one year.

Atlas Salt (OTCQB:REMRF) has received a significant regulatory milestone with the approval of its Early Works Development Plan for the Great Atlantic Salt Project by Newfoundland and Labrador's Minister of Industry, Energy and Technology. The approval transitions the project to shovel-ready status and authorizes site preparation and surface infrastructure activities.

The Early Works scope includes site preparation across 47 ha, construction of access infrastructure, surface support areas, and water management systems. The 16-month program is expected to create 150 full-time-equivalent positions, prioritizing local residents. The company plans to complete its Updated Feasibility Study in Q3 2025, which will support project financing and enable procurement activities.

Atlas Salt (REMRF) has initiated an Updated Feasibility Study (UFS) for its Great Atlantic Salt Project in Newfoundland and Labrador. The UFS, led by SLR Consulting, aims to optimize production rates, refine mine planning, and enhance economic outcomes. Key objectives include production optimization, refined mine planning, processing improvements, integration of Sandvik Mining Equipment, updated economic analysis, and regulatory compliance. The study will build upon the 2023 Feasibility Study and is expected to complete by Q3 2025. The company has engaged Endeavour Financial for project financing arrangements. Additionally, Atlas Salt issued compensation securities including 800,000 performance share units, 700,000 restricted share units, and 600,000 stock options to company officers.

Atlas Salt (REMRF) announces significant leadership changes with the appointment of Nolan K. Peterson as CEO and Director, and Jeffrey Kilborn as CFO, Corporate Secretary, and VP Corporate Development, effective June 9, 2025. Peterson brings over 20 years of mining sector experience, having led major projects worth up to $1.8B and held senior positions at companies including Barrick, Newmont, and Rio Tinto. He previously served as CEO of World Copper Corp. and holds multiple professional designations including MBA, CFA, and P.Eng. Kilborn contributes over 20 years of mining and financial capital markets experience, with previous roles in investment banking at Raymond James and Bank of America. The new leadership team will focus on developing the Great Atlantic salt project, which is positioned as a strategic asset for the North American salt market.

Atlas Salt (REMRF) has appointed Andrew Smith, P.Eng., ICD.D as Project Director & General Manager for its Great Atlantic Salt Project. Smith, who joined the company in 2023 as Mine Project Manager, has been instrumental in advancing the project through environmental assessment, geotechnical drilling, and regulatory approvals. In his expanded role, Smith will lead project delivery, capital program execution, and operational readiness. Key priorities include implementing governance frameworks, advancing project financing with Endeavour Financial, finalizing construction permits with ICI Innovations, and developing long-term offtake agreements. The appointment positions Atlas Salt to move forward with construction of Newfoundland and Labrador's next major mine.