Atlas Salt begins site preparation at Great Atlantic

Feb 28, 2026

2026-02-27 15:53 ET – News Release

Mr. Nolan Peterson reports

ATLAS SALT COMMENCES SITE PREPARATION ACTIVITIES

Atlas Salt Inc. has fulfilled the applicable environmental assessment (EA) conditions necessary to initiate early works for the Great Atlantic salt project, located near St. George’s, Nfld.

Commencement of land clearing and site preparation activities

The company confirms that:

The early works development plan and associated environmental management plans have received approval from the government of Newfoundland and Labrador, as previously disclosed.
The benefits agreement between Atlas Salt and the Province of Newfoundland and Labrador has been approved by necessary provincial entities, including the cabinet, and has been executed.
Atlas Salt has received a formal letter of release confirming satisfaction of the applicable environmental assessment conditions required to commence early works phase activities.

With these approvals and the letter of release in place, Atlas Salt is immediately commencing permitted land clearing and related site preparation activities.

Transition to site activity

Fulfilment of EA conditions for the Great Atlantic salt project represents a key regulatory milestone, enabling Atlas Salt to advance from permitting and planning into physical early works execution. Initial activities will include permitted land clearing, grubbing and site preparation required to establish the mine site footprint and support subsequent construction phases.

Nolan Peterson, president and chief executive officer of Atlas Salt, commented: “With the execution of the benefits agreement with the Province of Newfoundland and Labrador and satisfaction of the early works conditions under our approved environmental assessment, we are now moving into site preparation and initial construction at the Great Atlantic salt project. Beginning construction is a major milestone achievement for any mining project. For Atlas and the Great Atlantic salt project, it reflects disciplined progress and growing momentum as we continue advancing the project toward full development and production.”

Regulatory and stakeholder alignment

Completion of the EA conditions and associated approvals reflects continuing co-ordination with provincial regulators and stakeholders. The benefits agreement establishes a framework supporting employment, procurement, training and community participation throughout the construction and operations phases of the project. Atlas Salt will continue to advance required regulatory submissions as the project progresses into subsequent phases.

About Atlas Salt Inc.

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.

We seek Safe Harbor.

https://atlassalt.com/