Atlas Salt Signs Strategic MOU with Hatch as Lead Engineering and IPD Partner for the Great Atlantic Salt Project

Rhea-AI Summary

Atlas Salt (OTCQB:REMRF) signed a non-binding Memorandum of Understanding with Hatch on November 12, 2025 to appoint Hatch as Lead Engineering and Integrated Project Delivery (IPD) partner for the Great Atlantic Salt Project. Hatch will integrate engineering disciplines under an IPD framework, apply digital engineering and information-management tools, and provide local on-the-ground support from its St. John's office. The collaboration emphasizes safety-in-design, environmental stewardship, coordinated risk management, and execution readiness. Technical sign-off was provided by a NI 43-101 Qualified Person.

ST. GEORGE'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / November 12, 2025 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQB:REMRF) announces that it has signed a comprehensive non-binding Memorandum of Understanding ("MOU") with Hatch Ltd. ("Hatch") establishing Hatch as the Lead Engineering Partner and Integrated Project Delivery ("IPD") Partner for the Great Atlantic Salt Project (the "Project").

Hatch brings over seven decades of global experience designing and delivering some of the world's largest underground soft-rock mines and has a strong presence in Newfoundland and Labrador. Their mandate within the Project is to integrate all engineering disciplines under an IPD framework, aligning safety, design efficiency, and execution certainty with Atlas Salt's development strategy.

Key Elements of the Partnership

• Safety and Sustainability Leadership: Hatch's "No Harm" approach to project delivery emphasizes safety-in-design and environmental stewardship, ensuring that health, safety, and environmental performance are prioritized from concept through operations.

• Integrated Project Delivery: As a full IPD partner, Hatch will collaborate closely with Atlas Salt and other IPD firms to deliver coordinated engineering, risk management, and project controls, reducing execution risks and driving efficient decision-making.

• Digital Engineering and Project Tools: Hatch will apply advanced digital design systems and information management platforms to streamline engineering, procurement, and construction sequencing, ensuring efficiency and readiness for operations.

• Local Presence: With a long-standing office in St. John's, Newfoundland, Hatch is well-positioned to provide on-the-ground support and collaborate directly with Atlas Salt throughout the design and execution phases.

• Proven Soft-Rock Mining Expertise: Hatch has successfully led engineering and delivery on major underground mining projects across Canada, including potash, nickel, and salt operations. Their deep bench of subject-matter experts in mine, port, and infrastructure design positions the Great Atlantic Salt Project for success.

Management Commentary
Nolan Peterson, CEO of Atlas Salt, stated:

"Hatch's addition to our Integrated Project Delivery team is a pivotal milestone for the Great Atlantic Salt Project. Their proven track record in large-scale soft-rock mining, combined with their strong presence in Newfoundland and Labrador and commitment to safety and sustainability, provides Atlas Salt with the confidence that the Project will be engineered to the highest global standards."

Mike Watters, Global Lead, Mine Infrastructure of Hatch, stated:

"We are honoured to partner with Atlas Salt on this important project for Newfoundland and Labrador. By applying our integrated project delivery model, digital engineering tools, and commitment to community engagement, Hatch will help ensure the Great Atlantic Salt Project is delivered safely, efficiently, and sustainably."

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 Hatch
Hatch is a global engineering, project delivery, and professional services firm. Whatever our clients envision, our teams can design and build. With over seven decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient and innovative. We draw upon our 10,000 staff with experience in more than 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve.

Find out more on www.hatch.com/About-Us

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) 275-2099

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 Inc.

View the original press release on ACCESS Newswire

FAQ

What did Atlas Salt announce about Hatch on November 12, 2025 for REMRF?

Atlas Salt announced a non-binding MOU naming Hatch as Lead Engineering and IPD partner for the Great Atlantic Salt Project.

How will Hatch support the Great Atlantic Salt Project under the REMRF partnership?

Hatch will integrate engineering disciplines under an IPD model, apply digital engineering tools, manage project risk, and provide local St. John's support.

Does the Atlas Salt and Hatch agreement signed on November 12, 2025 create a binding contract?

No, the announcement describes a comprehensive non-binding Memorandum of Understanding, not a binding contract.

What project priorities did Atlas Salt highlight in the Hatch MOU for REMRF?

Atlas Salt emphasized safety-in-design, environmental stewardship, coordinated risk management, and execution certainty.

Who approved the technical information in Atlas Salt's November 12, 2025 release?

The scientific and technical information was approved by Andrew Smith, P.Eng., ICD.D, who is the named NI 43-101 Qualified Person.

Will Hatch provide digital engineering and construction sequencing for the Great Atlantic Salt Project?

Yes, the MOU states Hatch will apply advanced digital design systems and information-management platforms for engineering, procurement, and construction sequencing.