Atlas Salt issues stock options


ST. JOHN’S, Newfoundland and Labrador, November 03, 2022 (GLOBE NEWSWIRE) — Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (“Atlas salt”) announces that it has authorized the allocation of 1,125,000 stock options to directors and officers and 650,000 stock options to employees and consultants, all exercisable at $2.35 per share for variable durations and vesting periods compatible with the Company’s stock option plan and subject to TSXV Stock Exchange approval. The Company has reserved 8,761,564 listed shares for issuance under its stock option plan, of which 6,475,000 options were issued prior to the current issuance.

About Atlas salt

Atlas salt owns 100% of the Grand Atlantic salt deposit strategically located in the west Newfoundland in the middle of the rugged East North America road salt market. The project includes a large homogeneous high-grade resource located adjacent to a deepwater port. Atlas is also the largest shareholder in Triple Point Resources as it pursues the development of Fischell’s Creek Salt Dome at the heart of an emerging clean energy hub on the west coast of Newfoundland.

For information regarding Atlas saltplease contact:

Patrick J. LaracyCEO
(709) 754-3186
[email protected]
MarketSmart Communications Inc. Adrian SydenhamToll Free: 1-877-261-4466
Email: [email protected]

Forward-looking statements

Certain information contained herein constitutes forward-looking information or statements (“forward-looking statements”) under applicable securities laws and rules. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will”, or variations of such words and phrases or statements that certain actions, events or results “will occur”. All statements contained herein, other than statements of historical fact, should be considered forward-looking. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. There can be no assurance that such statements will prove to be accurate and, therefore, readers are urged to rely on their own assessment of such uncertainties. We undertake no obligation to update forward-looking statements, except as required by applicable law.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Source: Atlas Salt Inc.

2022 GlobeNewswire, Inc., source Press releases – Canada


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