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Atlas Salt Receives Letter of Interest from Export Development Canada up to C$150M for the Great Atlantic Salt Project Financing
St. George's, Newfoundland and Labrador--(Newsfile Corp. - July 23, 2026) - Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") announces that it has received a Letter of Interest from Export Development Canada ("EDC") stating its interest in providing long term debt financing of up to C$150M, as Mandated Lead Arranger, for the Great Atlantic Salt Project (the "Project"), located near St. George's, Newfoundland and Labrador. The Letter of Interest marks an...
About this update from Atlas Salt Inc
St. George's, Newfoundland and Labrador--(Newsfile Corp. - July 23, 2026) - Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") announces that it has received a Letter of Interest from Export Development Canada ("EDC") stating its interest in providing long term debt financing of up to C$150M, as Mandated Lead Arranger, for the Great Atlantic Salt Project (the "Project"), located near St. George's, Newfoundland and Labrador. The Letter of Interest marks an important milestone in the Company's project financing process, which continues to advance with the support of the Company's financial advisor, Endeavour Financial. Summary of Key Points Nolan Peterson, President and CEO of Atlas Salt, commented: "EDC's Letter of Interest, for up to C$150M of senior debt financing is an important endorsement of the Great Atlantic Salt Project and the fundamentals set out in our Updated Feasibility Study. Export credit agencies apply rigorous, disciplined diligence, and their engagement at this stage reflects the strength and strategic significance of a long-life, Canadian industrial-salt asset. This key derisking event is one part of a broader financing process that is progressing across multiple counterparties and jurisdictions, and we look forward to advancing that process in a diligent manner alongside our advisor, Endeavour Financial." Export Development Canada Letter of Interest The Letter of Interest confirms EDC's interest in evaluating potential financing for the Project and its intention to advance due diligence in cooperation with the Company and its advisors, with the objective of providing up to C$150M in secured debt funding. EDC is Canada's export credit agency, providing financing, insurance and knowledge to support Canadian companies and projects with international trade and export potential. The Letter of Interest is non-binding, does not constitute a commitment to provide financing, and any participation by EDC would remain subject to the completion of its due diligence process, credit approval and the negotiation of definitive agreements. Project Financing Process Atlas Salt continues to advance project financing for the Great Atlantic Salt Project with the support of its financial advisor, Endeavour Financial. As previously disclosed, the Company is pursuing approximately C$350 million to C$400 million of...