Atlas Salt Issues Stock Options

ST. JOHN’S, Newfoundland and Labrador, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Atlas Salt Inc. (TSXV: SALT) (OTCQB: REMRF) (“Atlas Salt”) announces that it has authorized the grant of 1,125,000 Directors’ and Officers’ stock options and 650,000 employee and consultant stock options, all exercisable at $2.35 per share for variable terms and vesting periods consistent with the Company’s stock option plan and subject to TSXV Stock Exchange approval. The Company has reserved 8,761,564 listed shares for issuance under its stock option plan, of which 6,475,000 options have been issued prior to the current issue.

About Atlas Salt

Atlas Salt owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a large homogeneous high-grade resource located immediately next to a deep water port. Atlas is also the largest shareholder in Triple Point Resources as it pursues development of the Fischell’s Brook Salt Dome in the heart of an emerging Clean Energy Hub on the west coast of Newfoundland.

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Forward-Looking Statements

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