Atlas Salt Issues Compensation Securities

Rhea-AI Summary

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.

Positive

• None.

Negative

• Potential dilution from 600,000 DSUs upon vesting

ST. GEORGE'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / September 19, 2025 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) announces the issuance of compensation securities to members of the Board of Directors of the Company. A total of 600,000 deferred share units ("DSUs") has been granted today pursuant to the Company's Equity Incentive Plan. The DSUs will vest on the first anniversary of the grant date, provided the recipient remains in service to the Company. The DSUs are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange and all applicable securities laws.

About Atlas Salt

Atlas Salt is developing North America'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:

Jeff Kilborn, CFO & VP Corporate Development
investors@atlassalt.com
(709) 275-2009

We seek safe harbour.

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

View the original press release on ACCESS Newswire

FAQ

How many deferred share units (DSUs) did Atlas Salt (REMRF) issue to its Board of Directors?

Atlas Salt issued 600,000 deferred share units (DSUs) to its Board of Directors.

When will the Atlas Salt (REMRF) DSUs vest?

The DSUs will vest on the first anniversary of the grant date, provided the recipients remain in service to the company.

What are the conditions for Atlas Salt's DSU vesting?

The DSUs will vest after one year if the recipient remains in service to the company and are subject to TSX Venture Exchange requirements and securities laws.

What is the purpose of Atlas Salt issuing DSUs to Board members?

The DSUs are issued as compensation securities to members of the Board of Directors as part of the company's Equity Incentive Plan.