Atlas Salt Announces LIFE Private Placement Targeting Gross Proceeds of up to $8 Million

Core Viewpoint - Atlas Salt Inc. has announced a private placement offering of up to 10,000,000 common shares at a price of $0.80 per share, aiming to raise gross proceeds of up to $8,000,000 [1][4] Group 1: Offering Details - The company has granted the agents an option to sell an additional 1,500,000 common shares for up to $1,200,000 in gross proceeds [2] - A cash commission of 6% of the gross proceeds will be paid to the agents, along with compensation options equal to 6% of the shares issued under the offering [3] - The minimum amount to be raised in the offering is set at $5,000,000 [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for civil engineering work related to the Great Atlantic Salt Project and for general corporate and working capital purposes [6] Group 3: Regulatory and Closing Information - The offering is expected to close on or about October 21, 2025, subject to necessary approvals, including from the TSX Venture Exchange [7] - The offering will be available to purchasers in all Canadian provinces except Québec, and may also be sold in offshore jurisdictions and the U.S. under certain exemptions [4][9] Group 4: Insider Participation - Certain insiders of the company are expected to participate in the offering, which will be considered a related party transaction [8]