Atlas Salt Inc

Executive Summary

Atlas Salt Inc. (TSXV: SALT, OTCQB: REMRF) is advancing the premier Great Atlantic Salt Project, located in the Bay St. George sub-basin of Western Newfoundland. Positioned as Eastern Canada’s highest-grade undeveloped rock salt deposit, the project holds a structural competitive advantage due to its shallow depth, continuous high-purity halite mineralization, and immediate proximity to deep-water shipping infrastructure at Turf Point.

With North America currently importing over 10 million tonnes of road de-icing salt annually from overseas (notably South America and North Africa), Atlas Salt is uniquely positioned to become a dominant, low-cost domestic supplier for the Eastern Seaboard and Great Lakes regions.

Key Investment Highlights & Technical Specs

Tier-1 Jurisdiction & Strategic Location: Situated in mining-friendly Newfoundland & Labrador, with immediate access to power, roads, and a year-round deep-water port (< 5 km via access road).

Shallow & Homogeneous Orebody: Unlike typical deep underground salt operations that require expensive shaft sinking, Great Atlantic is uniquely shallow (starting at ~190 meters below surface), enabling ramp access and lower capital intensity via continuous miner technology.

Massive Resource Scale: A homogeneous, high-purity halite deposit with excellent thick bed continuity, providing decades of prospective mine life under low-cost room-and-pillar mining methods.

Logistics & Freight Advantage: Proximity to Turf Point Port dramatically lowers transport costs relative to foreign imports, offering a significantly reduced carbon footprint and guaranteed supply security for Eastern North American municipalities.

Technical & Economic Snapshot

Key 2026 Catalysts & Milestones

Environmental Assessment & Permitting Advancement: Finalizing municipal and provincial environmental baseline work and permitting pathways for mine construction and port access.

Engineering & Infrastructure Offtake: Finalizing port access logistics agreements at Turf Point and securing off-take expressions of interest with North American municipal and commercial distributors.

Project Financing & Strategic Partners: Securing non-dilutive capital solutions, government infrastructure grants, and strategic partnership agreements to de-risk construction financing.

Key Risk Factors & Mitigants

Seasonal Demand Fluctuation: Road salt demand correlates with winter severity; mitigated by commercial customer base diversification and chemical industrial applications.

Capital Cost & Execution: Construction risks associated with ramp development and port infrastructure; mitigated by shallow deposit depth reducing initial capex compared to traditional deep shafts.