ST GEORGE'S, NL / ACCESS Newswire / February 27, 2026 / Atlas Salt Inc. ("Atlas Salt" or the "Company") (TSXV:SALT)(OTCQX:SALQF)(FRA:9D00) announces that it has fulfilled the applicable Environmental Assessment ("EA") conditions necessary to initiate Early Works for the Great Atlantic Salt Project (the "Project"), located near St. George's, Newfoundland and Labrador. Commencement of Land Clearing and Site Preparation Activities The Company confirms that: The Early Works Development Plan and associated Envir ...

Financial Data and Key Metrics Changes - For Q1 2026, the company reported a net income of $0.43, a significant improvement from a net loss of $0.57 in the same period last year [4] - Adjusted EBITDA doubled to $65 million, and the leverage ratio improved to 3.6 times, down from 5.3 times year-over-year [4][20] - The midpoint of the full-year adjusted EBITDA guidance was raised to $224 million, reflecting solid results in the salt business [4] Business Line Data and Key Metrics Changes - In the salt segment, operating earnings improved to $14.33 per ton, up 22% year-over-year, with total salt volumes increasing by 37% [17] - The plant nutrition segment saw operating earnings increase by approximately $9 million, with adjusted EBITDA improving by $8 million despite a decrease in sales volume [18][19] - The average SOP sales price rose by 13% to $687 per ton, while product costs per ton declined by 2% [19] Market Data and Key Metrics Changes - The salt market is currently tight due to steady winter weather, with significant increases in sales volumes for highway de-icing and C&I parts of the business [5][18] - Highway de-icing volumes increased by 43% year-over-year, while C&I volumes rose by 14% [17] - The company anticipates that the tight market conditions will continue if winter weather remains favorable [26] Company Strategy and Development Direction - The company is focused on a "Back-to-Basics" strategy initiated in 2024, aimed at aligning operations with market demand and managing inventories effectively [8][14] - Future capital projects, including upgrades to the dryer compaction plant at Ogden, are expected to enhance operational efficiency and financial performance [14] - The company is committed to improving operational efficiencies, reducing capital intensity, and maximizing cash flow generation [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress, highlighting the positive momentum in both the salt and plant nutrition segments [15][43] - The company is focused on building resilience and flexibility to thrive in the long term, with ongoing improvements in financial health and operational performance [15][43] - Management acknowledged challenges related to production costs and logistics but remains optimistic about future performance [32][35] Other Important Information - The company announced the sale of its Wynyard SOP operation for $30.8 million, which is expected to allow for a greater focus on the North American SOP market [12][13] - The balance sheet continues to improve, with liquidity of $342 million at the end of the quarter [20] Q&A Session Summary Question: Is the salt market well supplied for the strong winter, or are imports needed? - Management indicated that the market is tight due to winter conditions, and while imports could be considered, the lead time for supply makes it challenging [25][26] Question: How are the plans progressing for the new mill at Goderich? - Management outlined three projects associated with the new mill, with ongoing engineering and value engineering stages [27][28] Question: What is driving up logistics costs despite higher volumes? - Management explained that logistics costs are influenced by inflationary pressures and the need to ship salt over longer distances to meet demand [31][33] Question: How is the tax situation evolving for the company? - Management discussed the impact of the Ontario mining tax settlement and the complexities of the tax situation, indicating it is still early in the year to determine cash tax implications [36][39]

Financial Data and Key Metrics Changes - For the first quarter of fiscal 2026, the company reported a net income of $0.43, a significant improvement from a net loss of $0.57 in the same period last year [4] - Adjusted EBITDA doubled to $65 million, and the leverage ratio improved to 3.6x, down from 5.3x year-over-year [4][20] - The midpoint of the full-year adjusted EBITDA guidance was raised to $224 million, reflecting solid results in the salt business and positive momentum in Plant Nutrition [4] Business Line Data and Key Metrics Changes - In the salt segment, operating earnings improved to $14.33 per ton, up 22% year-over-year, with total salt volumes increasing by 37% [17] - Highway de-icing volumes rose by 43%, while C&I volumes increased by 14% compared to the prior year [17] - The Plant Nutrition segment saw operating earnings increase by approximately $9 million, with adjusted EBITDA improving by $8 million despite a decrease in sales volume [18][19] Market Data and Key Metrics Changes - The salt market is currently tight due to steady winter weather across many North American markets, leading to increased sales volumes and price increases in highway de-icing and C&I segments [5][25] - The average SOP sales price in the Plant Nutrition segment increased by 13% to $687 per ton, while product costs per ton declined by 2% [19] Company Strategy and Development Direction - The company is focused on a "Back-to-Basics" strategy initiated in 2024, aimed at aligning operations with anticipated market demand and managing inventories effectively [8][14] - Future capital projects are planned to upgrade the dryer compaction plant at Ogden, expected to enhance operational efficiency and financial performance [14] - The company aims to improve operational efficiencies, reduce capital intensity, and maximize cash flow generation to support long-term value creation [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's progress, highlighting the positive momentum in financial performance and operational improvements [15][43] - The company acknowledged challenges in meeting excessive demand due to inventory management strategies and production capabilities at the Goderich Mine [10][11] - Management remains committed to becoming a top-tier operator with a focus on financial strength and operational excellence [15] Other Important Information - The company announced the sale of its Wynyard SOP operation in Canada for $30.8 million, which is expected to allow a greater focus on the North American SOP market [12][13] - Corporate overhead costs decreased by 24% year-over-year, reflecting ongoing cost control initiatives [19] Q&A Session Summary Question: Is the salt market well supplied for the strong winter, or are imports needed? - Management indicated that the market is tight due to winter conditions, and while imports could be considered, the lead time for supply makes it challenging [25][26] Question: How are the plans progressing for the new mill at Goderich? - Management outlined three projects associated with the new mill, with ongoing engineering and value engineering stages [27][28] Question: What is driving up logistics costs in the salt segment? - Management explained that logistics costs are influenced by inflationary pressures and the need to ship salt over a wider network to meet demand [31][33] Question: How is the tax positioning evolving this year? - Management discussed the impact of the Ontario mining tax settlement and the complexities of the effective tax rate due to income and losses in different regions [36][39][40]

Financial Data and Key Metrics Changes - For Q1 2026, the company reported a net income of $0.43, a significant improvement from a net loss of $0.57 in the same quarter last year [4] - Adjusted EBITDA doubled to $65 million, and the leverage ratio decreased to 3.6 times from 5.3 times year-over-year [4][19] - The midpoint of full-year adjusted EBITDA guidance was raised to $224 million, reflecting solid results in the salt business and positive momentum in plant nutrition [4] Business Line Data and Key Metrics Changes - In the salt segment, operating earnings improved to $14.33 per ton, up 22% year-over-year, with total salt volumes increasing by 37% [16] - Highway de-icing volumes rose by 43%, while C&I volumes increased by 14% compared to the prior year [16] - In the plant nutrition segment, operating earnings increased by approximately $9 million, with adjusted EBITDA improving by $8 million despite a decrease in sales tons [18] Market Data and Key Metrics Changes - The salt market is currently tight due to steady winter weather across many North American markets, leading to increased sales volumes and price increases [5] - The average SOP sales price in the plant nutrition segment rose by 13% to $687 per ton, while product costs per ton declined by 2% [18] Company Strategy and Development Direction - The company is focused on a "Back-to-Basics" strategy initiated in 2024, aimed at aligning operations with anticipated market demand and managing inventories effectively [7][12] - Future capital projects include upgrading the dryer compaction plant at Ogden to enhance operational efficiency and financial performance [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving operational, commercial, and financial performance, with a commitment to becoming a top-tier operator [14] - The company anticipates challenges in meeting excessive demand due to inventory management strategies, but is optimistic about future market conditions [8][10] Other Important Information - The company announced the sale of its Wynyard SOP operation in Canada for $30.8 million, which is expected to allow a greater focus on the North American SOP market [12] - Corporate overhead decreased by 24% year-over-year to $19 million, reflecting ongoing cost control initiatives [18] Q&A Session Summary Question: Is the salt market well supplied for the strong winter, or are imports needed? - Management indicated that the market is tight due to the current winter conditions, and while imports may be considered, the lead time for supply makes it challenging [24][25] Question: How are the plans progressing for the new mill at Goderich? - There are three associated projects, with the new mill currently in the engineering phase and expected updates in the coming quarters [26][27] Question: What is driving the increase in logistics costs despite higher volumes? - Logistics costs are impacted by inflationary pressures and the need to ship salt over a wider network to meet demand [29][32] Question: How is the tax positioning evolving this year? - The Ontario mining tax settlement has impacted the balance sheet and cash tax situation, with ongoing evaluations of tax positioning as the year progresses [35][39]

Core Insights - Vortex Energy Corp. has achieved significant technical milestones in 2025, particularly in the Robinsons River and Fire Eye projects, and is preparing for further exploration in 2026 [1][5] Robinsons River Project - The company advanced its understanding of the Robinsons River Salt Project in Newfoundland & Labrador through collaboration with the University of Alberta, focusing on characterizing the salt system and evaluating properties for underground energy storage [2] - Key technical work included mineralogical studies, X-ray diffraction testing, porosity and permeability measurements, and geomechanical investigations [2] - A low-impact Ambient Noise Tomography program was completed to develop a three-dimensional seismic profile of the potential salt dome geometry [2] Exploration Plans for 2026 - In 2026, the company will focus on integrating 2025 laboratory and ANT results into an updated subsurface model, which will guide next-step evaluation planning, including potential drilling [3] Fire Eye Project - The technical focus for the Fire Eye project in Saskatchewan was on validating historical uranium showings and ranking priority targets using modern geophysical datasets [4] - Data collected in late 2024 was combined with previous datasets to follow up on targets highlighted by a 2022 airborne geophysical survey [4] - The company plans to refine target priorities and design follow-up field evaluations based on the latest observations [4] Company Overview - Vortex Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties in North America, with a focus on the Robinson River Salt Project and the Fire Eye Uranium Property in the Athabasca Basin [9]

Group 1: Legal Settlement and Governance Reforms - Compass Minerals International, Inc. reached a settlement in two shareholder derivative suits, resolving accusations of misleading investors regarding safety testing and overstating contract prospects, with an $850,000 payment from insurers for legal fees [1] - The defendants denied wrongdoing but opted to settle to avoid further costs, with final court approval expected on February 20, 2026 [1] Group 2: Financial Performance and Strategic Changes - For the fourth quarter of 2025, Compass Minerals reported a smaller loss than anticipated, with an EPS of -$0.17 compared to the forecasted -$0.23, and revenue increased to $227.5 million from $223.6 million [3] - The company expanded its board from eight to twelve members, adding four new directors as part of its strategic plan, and established a new Capital Allocation and Technical committee to support core business operations [3] Group 3: Market Position and Product Offerings - Compass Minerals is a leading producer and supplier of essential minerals, primarily salt for various uses and plant nutrients like sulfate of potash, which is a premium fertilizer for high-value crops [4]

Fiscal 2025 Fourth-Quarter & // Dec. 8, 2025 Full-Year Business Update Forward-Looking Statements and Other Disclaimers This presentation may contain forward-looking statements, including, without limitation, statements about the outcome of the North American bid season, including pricing and commitment sizes, the execution of the company's back-to-basics strategy, tax rates, and the restoration of certain of the company's facilities and operations; cash generation capability; debt reduction; value creation ...

ContextLogic, previously known as https://t.co/tWx7BXUgC6, acquired US Salt, a provider of evaporated salt products, in a transaction totaling nearly $1 billion https://t.co/1h4cw8j7YB ...

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]