Atlas Salt Inc · TSXV:SALT
Atlas Salt — Investor Presentation (June 2025)
22 slides from Atlas Salt's investor presentation, June 2025
Slide 1: Developing the Great Atlantic Salt Project
Developing the Great Atlantic Salt Project: North America's First New Salt Mine in Nearly Three Decades TSXV:SALT | June 2025
Slide 2: Disclaimer & Forward-Looking Statements
TSXV: SALT OTCQB:REMRF DISCLAIMER & FORWARD-LOOKING STATEMENTS FSE: 9D00 AtlasSalt.com This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All s
Slide 3: The Great Atlantic Salt Project ("SALT")
TSXV: SALT OTCQB:REMRF THE GREAT ATLANTIC SALT PROJECT ("SALT") FSE: 9D00 AtlasSalt.com Developing a world-class salt mine (2.5 Mtpa Large-Scale planned, with key infrastructure sized for 4 Mtpa) Global Relevance and the newest in North America in ~30 years1 Newfoundland, Canada, a top-tier global S
Slide 4: Overview of Salt Market
TSXV: SALT OTCQB:REMRF OVERVIEW OF SALT MARKET FSE: 9D00 AtlasSalt.com US$26B Global Salt Market in 20241: SALT is Focused on Serving the North American Various End Markets & Concentrated Supply Salt Market for De-Icing Global Salt End Markets 1 Chemical Processing Estimated Annual North American De
Slide 5: North America Is Reliant on Salt Imports
TSXV: SALT OTCQB:REMRF NORTH AMERICA IS RELIANT ON SALT IMPORTS FSE: 9D00 AtlasSalt.com Great Atlantic Salt's Planned Production is Easily Absorbed by the Current Market Deficit United States Salt Import Sources Total North American (2020-2023) 2 De-Icing Salt Imports: 8 Mtpa - 10 Mtpa1 22% 29% Cana
Slide 6: Market Proximity = Competitive Advantages
TSXV: SALT OTCQB:REMRF MARKET PROXIMITY = COMPETITIVE ADVANTAGES FSE: 9D00 AtlasSalt.com 3 Days to Ship to Boston from SALT Local Supply Advantages vs >14 Days from Egypt or Chile 1 • Displacing portion of overseas imports • Serving Buy Canadian/North American sentiment SALT • De-risks security of s
Slide 7: Located in a Top-Tier Mining Jurisdiction
TSXV: SALT OTCQB:REMRF LOCATED IN A TOP-TIER MINING JURISDICTION FSE: 9D00 AtlasSalt.com SALT Great Atlantic Salt • Newfoundland & Labrador ("NL") was rated the 9th best mining jurisdiction globally by Fraser Institute in 2025 based Infrastructure / Town on mineral content and government policy alig
Slide 8: Established Infrastructure & Mining History
TSXV: SALT OTCQB:REMRF ESTABLISHED INFRASTRUCTURE & MINING HISTORY FSE: 9D00 AtlasSalt.com Region Has Long History of Mining & Shipping Ship Loading Legend Conveyor Existing Infrastructure Planned Infrastructure Prolific gypsum Turf Point Deep Water Port Operating limestone Conveyor mining area sinc
Slide 9: A World-Class Resource...
TSXV: SALT OTCQB:REMRF A WORLD-CLASS RESOURCE... FSE: 9D00 AtlasSalt.com Ideal Shape & Uniquely Shallow Depth Reserve Class1 Grade (% NaCl) Tonnes (Mt) Contained NaCl (Mt) • Homogenous, shallow resource is accessible Probable 96.0 88.1 84.5 via declines as opposed to costly shaft sinking Resource Cl
Slide 10: ... Drives Robust Project Economics
TSXV: SALT OTCQB:REMRF … DRIVES ROBUST PROJECT ECONOMICS FSE: 9D00 AtlasSalt.com Pre-Tax Salt Price Sensitivity Analysis1 Select LOM Financial Metrics for Great Atlantic Salt1 28.8% IRR $3.6B ~36x $279M $1.5B LOM cumulative after- Average annual revenue 23.4% IRR NPV8 tax cash flow ~24x $1.0B $211M
Slide 11: Summary of 2023 Feasibility Study
TSXV: SALT OTCQB:REMRF SUMMARY OF 2023 FEASIBILITY STUDY FSE: 9D00 AtlasSalt.com Select Operating Metrics (Oct 11, 2023) LOM1 High-Grade Resource Base Mine Life (Years) 34 Atlas hosts one of North America's highest-purity salt deposits, Initial Production Capacity (Mtpa) 2.5 supporting efficient pro
Slide 12: Production Profile Creates Opportunity
TSXV: SALT OTCQB:REMRF PRODUCTION PROFILE CREATES OPPORTUNITY FSE: 9D00 AtlasSalt.com 5 Average Opportunities to Create Upside: Mtpa Pull Forward Production Payable Rock Salt Produced (Mtpa) 4 Possibility of pulling forward production • Increase NPV by pulling forward 3 production by increasing over
Slide 13: Strong Cash Flow Generation Through LOM
TSXV: SALT OTCQB:REMRF STRONG CASH FLOW GENERATION THROUGH LOM FSE: 9D00 AtlasSalt.com After-Tax Cash Flow Cumulative After-Tax Cash Flow $106M 200 Average Annual After-Tax 4,000 LOM average annual Cash Flow after-tax cash flow1 180 3,500 Possibility of pulling forward production would also 160 pull
Slide 14: The Vision: An Innovative Mine Design
TSXV: SALT OTCQB:REMRF THE VISION: AN INNOVATIVE MINE DESIGN FSE: 9D00 AtlasSalt.com Underground Mining & Processing • Deposit geometry allows for a compact, efficient site layout with consistent ore access and reduced development time • Shallow depth (~180m) supports rapid Settling Pond ~2km to Tur
Slide 15: Substantial Community & Economic Impact
TSXV: SALT OTCQB:REMRF SUBSTANTIAL COMMUNITY & ECONOMIC IMPACT FSE: 9D00 AtlasSalt.com Local Economic Contributions1 • $2.7B in tax revenue, much of it staying local • $1.9B in household spending across NL • $90M to municipalities • Multi-generational economic engine for Newfoundland and Labrador En
Slide 16: Environmental Assessment Completed
TSXV: SALT OTCQB:REMRF ENVIRONMENTAL ASSESSMENT COMPLETED FSE: 9D00 AtlasSalt.com Electrified, Low-Emissions Operation With Industry-Leading Environmental Performance Great Atlantic Salt's Projected GHG Intensity NL Environmental Minister released SALT from Among the Lowest in Global Mining2 provinc
Slide 17: Select Strategic Agreements Secured
TSXV: SALT OTCQB:REMRF SELECT STRATEGIC AGREEMENTS SECURED FSE: 9D00 AtlasSalt.com Salt Production Off-take Agreement Equipment Financing Engineering Lead Memorandum of MOU for provision of mining Currently in process of Understanding ("MOU") with equipment & engineering selecting lead project Scotw
Slide 18: Positioned for Re-Rate & Value Creation
TSXV: SALT OTCQB:REMRF POSITIONED FOR RE-RATE & VALUE CREATION FSE: 9D00 AtlasSalt.com Tracking the Lassonde Curve En Route to Production1,2 Select Milestone Priorities Artemis Gold's Path: An Illustrative Case Study of SALT production estimated by 2030 ✓ Environmental Assessment Re-Rating With De-R
Slide 19: Management Team
TSXV: SALT OTCQB:REMRF MANAGEMENT TEAM FSE: 9D00 AtlasSalt.com Nolan Peterson Jeffrey Kilborn Robert Booth Andrew Smith CEO & Director CFO & VP, Corporate VP, Eng. & Construction Project Director & Development General Manager • 20+ years in mine • Former CFO of • Delivered $1.5B+ in • 10+ years in d
Slide 20: Board of Directors
TSXV: SALT BOARD OF DIRECTORS OTCQB:REMRF FSE: 9D00 AtlasSalt.com Patrick Laracy - Founder & Chairman Bob Kelly - Director Founder of Atlas Salt with 30+ years in Professional geoscientist with over 40 years in resource exploration and development. senior mining roles. Former VP at Teck Seasoned lea
Slide 21: A Compelling Investment Opportunity
TSXV: SALT OTCQB:REMRF A COMPELLING INVESTMENT OPPORTUNITY FSE: 9D00 AtlasSalt.com Developing a World-Class & Unique Resource Into a Capital Structure (June 18, 2025) Globally Significant Underground Salt Mine Ticker Symbol TSXV:SALT Last Price $0.46 Strategically Positioned to Serve the Heavily Imp
Slide 22: Mineral Reserves & Resources
TSXV: SALT OTCQB:REMRF MINERAL RESERVES & RESOURCES FSE: 9D00 AtlasSalt.com Notes: Reserve Class1 Grade (% NaCl) Tonnes (Mt) Contained NaCl (Mt) 1. CIM (2014) definitions were followed for Mineral Reserves. 2. All Mineral Reserves are classified as Probable Mineral Reserves, with extents limited to