Atlas Salt Appoints New Director

Rhea-AI Summary

Atlas Salt (TSXV:SALT)(OTCQB:REMRF) has announced changes to its Board of Directors. Mr. Marc Boissonneault has resigned as director, and the company has appointed Mr. Bob Kelly as his replacement.

Kelly brings 40 years of senior management experience in mining, including notable positions as former Vice President of Teck Resources , where he led Health and Safety initiatives across all operations. His experience includes roles as General Manager at Teck's Duck Pond Operations in Newfoundland, Assistant to the President at Voisey's Bay Nickel Company, and Construction Manager for their nickel demonstration plant in Argentia. Kelly began his career at Iron Ore Company of Canada, advancing to Manager of Primary Ore Division overseeing 40 million tonnes of annual ore production.

Chairman Patrick Laracy emphasized Kelly's extensive experience in mine management, construction, safety, and stakeholder engagement as valuable assets for developing the Great Atlantic salt deposit.

Positive

• Appointment of highly experienced mining executive with 40 years of senior management expertise
• New director brings specific regional knowledge of Newfoundland mining operations
• Strong background in mine management, construction, and safety leadership
• Expertise in large-scale operations management (40M tonnes annual production at IOC)

Negative

• Loss of previous director Marc Boissonneault and his experience from the board

ST. JOHN'S, NL / ACCESS Newswire / March 31, 2025 / Atlas Salt Inc. (the "Company" or "Atlas Salt" - (TSXV:SALT)(OTCQB:REMRF) announces that Mr. Marc Boissonneault has resigned as a director. The Company has appointed Mr. Bob Kelly to the Board of Directors. The Company wishes to thank Marc for his thoughtful contributions and wishes him continued success in his future endeavors.

Mr. Kelly is a seasoned mining professional with 40 years of comprehensive senior management experience. Highlights of his career include being former Vice President of Teck Resources Limited. He was responsible for all aspects of Health and Safety Leadership across Teck's operating sites, projects, exploration sites and office locations encompassing both employees and contractors. Prior to that he was General Manager for Teck's Duck Pond Operations in central Newfoundland which included underground base metal mining utilizing ramp access as well as open pit extraction.

At the Voisey's Bay Nickel Company Ltd. (VBNC) Bob held the position of Assistant to the President including co-ordinating the company's input into the Bankable Feasibility Study for the Voisey Bay mine and concentrator in Labrador and administering the related Industrial and Employment Benefits Agreement on behalf of the company. His final position at VBNC was Construction Manager responsible for all construction activities at the hydro-met nickel demonstration plant in Argentia NL.

Bob started his career with the Iron Ore Company of Canada (IOC) in Labrador, rising the ranks through Mine Manager to Manager of Primary Ore Division (40 million tonnes of ore per annum) as a key member of the IOC executive team.

Chairman Patrick Laracy commented "We are very glad to bring Bob on board with his immense experience in mine management, construction, safety and stakeholder engagement in a jurisdiction that he is very familiar with. His input will be invaluable for the Company as we develop the Great Atlantic salt deposit."

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: 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, contract agreements, 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.

SOURCE: Atlas Salt Inc.

View the original press release on ACCESS Newswire

FAQ

Who is the new director appointed to Atlas Salt (REMRF) board?

Bob Kelly, a mining professional with 40 years of senior management experience, has been appointed as the new director of Atlas Salt, replacing Marc Boissonneault.

What is Bob Kelly's experience in the mining industry before joining Atlas Salt (REMRF)?

Kelly was former VP of Teck Resources, General Manager at Duck Pond Operations, held senior positions at Voisey's Bay Nickel Company, and managed the Primary Ore Division at Iron Ore Company of Canada.

How will Bob Kelly's appointment benefit Atlas Salt's (REMRF) Great Atlantic salt deposit development?

Kelly's extensive experience in mine management, construction, safety, and stakeholder engagement in the region will be valuable for developing the Great Atlantic salt deposit.

What was Bob Kelly's role at Teck Resources before joining Atlas Salt (REMRF)?

At Teck Resources, Kelly served as Vice President, overseeing Health and Safety Leadership across all operating sites, projects, exploration sites, and office locations.