NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced that Atlas Salt Inc. (“Atlas Salt”) (TSX-V: SALT; OTCQX: SALQF), which is developing one of North America's largest undeveloped, high-grade, shallow salt deposits into the continent's first new salt mine in nearly three decades, has qualified to trade on the OTCQX® Best Market. Atlas Salt upgraded to OTCQX from the OTCQB® Ventur ...

Core Insights - Atlas Salt Inc. has signed a non-binding Memorandum of Understanding with Hatch Ltd. to establish Hatch as the Lead Engineering Partner for the Great Atlantic Salt Project [1] Company Summary - Atlas Salt Inc. is advancing its Great Atlantic Salt Project through a partnership with Hatch Ltd. [1] - The partnership aims to enhance project delivery and engineering capabilities [1] Industry Context - The collaboration with Hatch signifies a strategic move in the salt production industry, focusing on integrated project delivery [1]

Core Viewpoint - Atlas Salt Inc. has filed an independent technical report on its Great Atlantic Salt Project, presenting results from an Updated Feasibility Study in compliance with NI 43-101 standards, with no material differences from previously disclosed results [1] Group 1 - The independent technical report has been filed on SEDAR+ [1] - The report pertains to the Great Atlantic Salt Project [1] - The Updated Feasibility Study was prepared in accordance with National Instrument 43-101 [1] Group 2 - There are no material differences in the report compared to the results disclosed in the news release dated September 30, 2025 [1]

Core Points - Atlas Salt Inc. has signed a non-binding Memorandum of Understanding with Continental Conveyor to establish an Integrated Project Delivery Partner for the Great Atlantic Salt Project [1] Company Summary - The agreement designates Continental Conveyor as responsible for the design and supply of material handling conveyor systems for the Project [1]

Core Viewpoint - Atlas Salt Inc. has announced a private placement offering with order book interest reaching approximately $8,041,000, surpassing the targeted gross proceeds of $8,000,000 [1] Group 1: Offering Details - The company plans to issue a minimum of 10,000,000 common shares at a price of $0.80 per share, aiming for aggregate gross proceeds of $8,000,000 [1] - The offering is co-led by Raymond James Ltd. and Ventum Financial Corp., along with a syndicate of agents including Desjardins Capital Markets [2] - The Agents have an option to sell up to an additional 1,500,000 common shares for gross proceeds of up to $1,200,000, exercisable up to 48 hours before the closing [3] Group 2: Financial Terms - The company will pay a cash commission of 6.0% on the gross proceeds of the offering and issue compensation options equal to 6.0% of the shares issued [4] - The net proceeds from the offering will be allocated for civil engineering work related to the Great Atlantic Salt Project and for general corporate purposes [7] Group 3: Regulatory and Closing Information - 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 [5] - The offering is scheduled to close on or about October 21, 2025, subject to necessary approvals, including from the TSX Venture Exchange [8] Group 4: Insider Participation - Certain insiders are expected to participate in the offering, which will be classified as a related party transaction, relying on exemptions from formal valuation and minority shareholder requirements [9] Group 5: Company Overview - Atlas Salt is focused on developing Canada's next salt mine, emphasizing responsible and sustainable mining practices while aiming to contribute significantly to the North American salt market [12]

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]