Business
Atlas Salt Closes $1.25 Million Flow-Through Financing
St. George's, Newfoundland and Labrador--(Newsfile Corp. - May 22, 2026) - Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) ("Atlas Salt" or the "Company") announces that it that it has closed its previously announced non-brokered private placement financing (the "Offering") consisting of 961,539 flow-through common shares of the Company (the "FT Shares") at a price of $1.30 per FT Share for aggregate gross proceeds of $1,250,000.Each FT Share qualifies as a "flow-through share" for purposes of the..
About this update from Atlas Salt Inc
St. George's, Newfoundland and Labrador--(Newsfile Corp. - May 22, 2026) - Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) ("Atlas Salt" or the "Company") announces that it that it has closed its previously announced non-brokered private placement financing (the "Offering") consisting of 961,539 flow-through common shares of the Company (the "FT Shares") at a price of $1.30 per FT Share for aggregate gross proceeds of $1,250,000. Each FT Share qualifies as a "flow-through share" for purposes of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds raised from the issuance of the FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Tax Act to advance exploration on the nepheline discovery at its Black Bay Property in Southern Labrador. All securities issued pursuant to the Offering are subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws. About Atlas Salt Atlas Salt is developing North America'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 [email protected](709) 275-2009 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, ...