Atlas Salt Announces Updated Feasibility Study with Enhanced Results for the Great Atlantic Salt Project; $920M Post-Tax NPV8 and 21.3% Post-Tax IRR

Core Insights - Atlas Salt Inc. has released the results of its Updated Feasibility Study (UFS) for the Great Atlantic Salt Project, indicating strong financial metrics and project viability [1] Financial Metrics - Post-tax NPV at 8% is CAD 920 million, with a post-tax IRR of 21.3% and a payback period of 4.2 years [1] - Pre-tax NPV at 8% is CAD 1.68 billion, with a pre-tax IRR of 27.1% [1] - Total undiscounted post-tax cash flow, including initial capital cost, is CAD 3.93 billion [1] Capital and Operating Costs - Initial capital cost is CAD 589 million, with sustaining capital over the life of the mine estimated at CAD 609 million [1] - Average operating cost is CAD 28.17 per tonne FOB mine site port [1] Production and Mine Life - Average annual life of mine (LOM) operating cash flow (EBITDA) is CAD 325 million per annum [1] - Average annual post-tax free cash flow in operation is CAD 188 million [1] - The mine has a life span of 24 years based on proven and probable reserves, with an average steady-state production of 4.0 million tonnes of high-purity road salt per annum [1]