Atlas Salt Appoints Andrew Smith, P.Eng., ICD.D as Project Director & General Manager

Rhea-AI Summary

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.

Positive

• Successful completion of environmental assessment process for the Great Atlantic Salt Project
• Progress in securing provincial regulatory approvals for construction
• Established project controls and governance frameworks
• Advancement in permitting, financing, and procurement initiatives

Negative

• None.

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / May 7, 2025 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) is pleased to announce the appointment of Andrew Smith, P.Eng., ICD.D to the position of Project Director & General Manager for the Company's flagship Great Atlantic Salt Project.​

Since joining Atlas Salt in 2023 as Mine Project Manager, Mr. Smith has played a pivotal role in advancing the Great Atlantic Salt Project through the successful completion of the environmental assessment process, geotechnical drilling and field data collection, and significant progress toward securing provincial regulatory approvals for early works construction. His leadership has been instrumental in establishing rigorous project controls and governance frameworks while driving key permitting, financing, and procurement initiatives.

In this expanded role, Mr. Smith will lead the integrated delivery of the project, oversee execution of the capital program, and guide operational readiness efforts. Near-term priorities include:

• Enhancing and executing the Project's integrated governance framework, management systems, and implementation strategy in preparation for construction.

• Collaborating with Endeavour Financial to advance the Company's project financing strategy and engagement with capital providers.

• Working with ICI Innovations and other technical partners to finalize construction-phase permits and regulatory approvals from the provincial authority, building on the project's prior release from the environmental assessment process.

• Supporting the Company's commercial strategy through the development and expansion of long-term offtake agreements.

"Andrew's appointment reflects the exceptional leadership, professionalism, and execution discipline he has brought to the Great Atlantic Salt Project" said Patrick Laracy, Chairman of Atlas Salt. " His expanded role is critical as we advance toward construction, ensuring we meet our objectives with the highest standards of safety, sustainability, and community engagement."

"I am honored to take on this expanded role and lead the Great Atlantic Salt Project into its next phase," said Andrew Smith. "This is a world-class project, and I look forward to continuing to work alongside our partners, communities, and the Atlas Salt team to safely and responsibly build Newfoundland and Labrador's next major mine."

​For further information and ongoing updates, please visit https://atlassalt.com.

The scientific and technical information contained in this news release has been approved by Andrew Smith, P.Eng., ICD.D, Project Director and General Manager, who is a "Qualified Person" for the purposes of NI 43-101.

About Atlas Salt Inc.

Atlas Salt Inc. 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:

Patrick Laracy, Chairman
investors@atlassalt.com
(709) 739-9545

We seek safe harbor.

Cautionary Statement

Neither 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, among other things: obtaining financing, completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. 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. 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.

View the original press release on ACCESS Newswire

FAQ

Who is Andrew Smith and what is his new role at Atlas Salt (REMRF)?

Andrew Smith, P.Eng., ICD.D, has been appointed as Project Director & General Manager for Atlas Salt's Great Atlantic Salt Project. He previously served as Mine Project Manager since 2023.

What are the key priorities for Atlas Salt's Great Atlantic Salt Project under Andrew Smith's leadership?

Key priorities include executing governance frameworks, advancing project financing with Endeavour Financial, finalizing construction permits with ICI Innovations, and developing long-term offtake agreements.

What major milestones has the Great Atlantic Salt Project achieved under Andrew Smith's management?

Under Smith's management, the project has completed environmental assessment, conducted geotechnical drilling and field data collection, and made significant progress in securing provincial regulatory approvals for construction.

What is the significance of the Great Atlantic Salt Project for Newfoundland and Labrador?

The Great Atlantic Salt Project is set to become Newfoundland and Labrador's next major mine, representing a significant development for the region's mining sector.