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October 27, 2025

Atlas Salt Closes $8.7 Million Private Placement

Atlas Salt Inc. (TSXV: SALT), a Canadian-based issuer developing Canada’s next salt mine, completed a private placement of common shares for gross proceeds of $8.7 million. The private placement was led by Raymond James Ltd. and Ventum Financial Corp., as co-lead agents and joint bookrunners, on behalf of a syndicate of agents, including Desjardins Capital Markets.

Participants in the Offering included a strategic investor with whom the company is excited to build and strengthen its relationship. This investor’s interest in the company and its flagship Great Atlantic Salt Project aligns with its long-term strategic objectives.

Wildeboer Dellelce LLP acted for the strategic investor in connection with the financing with a team comprised of Michael Rennie (corporate finance and securities/mining, energy and natural resources).