Atlas Salt announced that, following the recent completion of its robust Feasibility Study and recruitment of the core execution team, Atlas is focusing on implementing its project execution plan. The project execution plan will mitigate the risks associated with key elements of the capital construction project, including those which are schedule and cost sensitive as follows: Completing the Environmental Assessment (EA) Project Registration. Securing all necessary permits for onsite construction.

Further refining the Feasibility Study (FS) Budget and Schedule to establish a Level III baseline schedule and budget for project execution. Assessing and managing hydrological and geotechnical risks with the Main Decline Development. Conducting trade-off studies and optimizing risk mitigation strategies for Battery Electric Vehicles and the Oreflow System.

Selecting equipment and optimization of mine design for enhanced efficiency and throughput. Advancing electrical design prior to detailed engineering to secure long-lead electrical equipment. Securing Memorandums of Understanding (MOUs) for key underground equipment and mining contractor partnerships.