Atlas Salt Receives Letters of Interest for Great Atlantic Salt Project Financing and Provides Financing Update
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) ha ricevuto lettere di interesse firmate (LOI) da potenziali finanziatori del debito, comprese agenzie di credito all'esportazione, per il suo Great Atlantic Salt Project (GAS Project). Il consulente finanziario del progetto, Endeavour Financial, ha avviato un processo di contatto con il mercato all'inizio del 2025, suscitando l'interesse di diverse istituzioni.
Consulenti esterni stanno conducendo revisioni di due diligence tecnica, ambientale e sociale. Endeavour Financial sta completando un pacchetto di due diligence completo che includerà le LOI, rapporti indipendenti e uno Studio di Fattibilità Aggiornato con modellazione finanziaria.
Separatamente, Atlas Salt ha emesso 400.000 opzioni azionarie a un consulente finanziario con un prezzo di esercizio di $0,50, con maturazione trimestrale nell'arco di un anno.
Atlas Salt (OTCQB:REMRF) ha recibido cartas de interés firmadas (LOI) de posibles financiadores de deuda, incluidas agencias de crédito a la exportación, para su Great Atlantic Salt Project (GAS Project). El asesor financiero del proyecto de la empresa, Endeavour Financial, inició un proceso de acercamiento al mercado a principios de 2025 y ha generado interés de múltiples instituciones.
Consultores externos están llevando a cabo revisiones de debida diligencia técnica, ambiental y social. Endeavour Financial está finalizando un paquete completo de debida diligencia que incluirá las LOI, informes independientes y un Estudio de Factibilidad Actualizado con modelado financiero.
Por otro lado, Atlas Salt ha emitido 400,000 opciones sobre acciones a un consultor financiero con un precio de ejercicio de $0.50, con adquisición trimestral durante un año.
Atlas Salt (OTCQB:REMRF)는 Great Atlantic Salt Project (GAS Project)를 위해 수출 신용 기관을 포함한 잠재적 부채 금융자들로부터 서명된 관심서(LOI)를 받았습니다. 회사의 프로젝트 금융 자문사인 Endeavour Financial는 2025년 초에 시장 접촉 과정을 시작했으며 여러 기관으로부터 관심을 끌었습니다.
제3자 컨설턴트들이 기술적, 환경적, 사회적 실사를 진행 중입니다. Endeavour Financial은 LOI, 독립 보고서 및 재무 모델링이 포함된 업데이트된 타당성 조사 보고서를 포함하는 종합 실사 패키지를 마무리하고 있습니다.
별도로, Atlas Salt는 금융 컨설턴트에게 행사 가격 $0.50로 400,000 주식 옵션을 1년 동안 분기별로 권리가 부여되는 조건으로 발행했습니다.
Atlas Salt (OTCQB:REMRF) a reçu des lettres d'intention signées (LOI) de la part de financeurs potentiels de dette, y compris des agences de crédit à l'exportation, pour son Great Atlantic Salt Project (GAS Project). Le conseiller en financement de projet de la société, Endeavour Financial, a lancé un processus de démarchage sur le marché début 2025 et a suscité l'intérêt de plusieurs institutions.
Des consultants tiers effectuent des revues de diligence technique, environnementale et sociale. Endeavour Financial finalise un dossier complet de diligence qui inclura les LOI, des rapports indépendants et une étude de faisabilité mise à jour avec modélisation financière.
Séparément, Atlas Salt a émis 400 000 options d'achat d'actions à un consultant financier avec un prix d'exercice de 0,50 $, acquises trimestriellement sur une période d'un an.
Atlas Salt (OTCQB:REMRF) hat unterschriebene Interessenbekundungen (LOIs) von potenziellen Fremdfinanzierern, darunter Exportkreditagenturen, für sein Great Atlantic Salt Project (GAS Project) erhalten. Der Projektfinanzierungsberater des Unternehmens, Endeavour Financial, startete Anfang 2025 einen Marktkontaktprozess und hat Interesse von mehreren Institutionen geweckt.
Drittberater führen technische, ökologische und soziale Due-Diligence-Prüfungen durch. Endeavour Financial finalisiert ein umfassendes Due-Diligence-Paket, das die LOIs, unabhängige Berichte und eine aktualisierte Machbarkeitsstudie mit Finanzmodellierung enthalten wird.
Separat hat Atlas Salt 400.000 Aktienoptionen an einen Finanzberater zu einem Ausübungspreis von 0,50 $ ausgegeben, die vierteljährlich über ein Jahr vestiert werden.
- Receipt of LOIs from export credit agencies demonstrates early support for project financing
- Multiple institutions have expressed interest in project financing participation
- Comprehensive third-party due diligence review process is underway
- Details of interested financing parties remain undisclosed due to confidentiality agreements
- Updated Feasibility Study and financial model still pending completion
ST. GEORGE'S NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / July 22, 2025 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) announces that its project financing advisor, Endeavour Financial, has received signed letters of interest ("LOIs") from potential debt financers for the Company's Great Atlantic Salt Project (the "GAS Project").
This includes LOIs from export credit agencies, signaling early support for the GAS Project's financing framework and a willingness and desire to work with Atlas Salt and Endeavour Financial toward securing project financing. In accordance with confidentiality agreements and for competitive reasons, the identities of these interested parties will remain undisclosed at this time.
Nolan Peterson, CEO of Atlas Salt stated: "Receiving the LOIs from the export credit agencies marks a significant step forward in our ongoing financing efforts with Endeavour Financial. We view this as a strong vote of confidence in the Great Atlantic Salt Project and a meaningful endorsement of its economic and strategic potential."
The Company will provide updates to stakeholders as appropriate during the financing process.
Project Financing Update
Endeavour Financial was appointed as the Company's project financing advisor for the GAS Project in November 2024 and launched a market outreach process for the debt component of project financing in early 2025. Since that time, multiple institutions have expressed initial interest in participating in the project financing.
Third party independent consultants have been engaged to conduct technical, environmental and social diligence and are reviewing the GAS Project.
Currently, Endeavour Financial is working with the Company to finalize a comprehensive due diligence / lender information package which will include the signed LOIs, independent due diligence reports, and the Updated Feasibility Study and associated financial model once completed.
Issuance of Stock Options
Additionally, unrelated to the Company's relationship with Endeavour Financial, the Company has agreed to issue options to a financial consultant to purchase up to 400,000 common shares in the capital of the Company (the "Options") pursuant to terms of the Company's Stock Option Plan. The Options vest quarterly over one year, expire in one year and have an exercise price of
About Atlas Salt
Atlas Salt 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:
Jeff Kilborn, CFO & VP Corporate Development
investors@atlassalt.com
(709) 275-2009
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
What financing progress has Atlas Salt (REMRF) made for the Great Atlantic Salt Project?
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