Atlas Salt Inc. closed its bought deal LIFE offering of common shares for aggregate gross proceeds of C$15M

On June 11, 2026, Atlas Salt Inc. (“Atlas Salt”) closed its bought deal offering (the “Offering”) of common shares (the “Common Shares”), raising aggregate gross proceeds of C$15,153,600. Under the Offering, 12,628,000 Common Shares at a price of C$1.20 per Common Share were issued. The Offering was conducted pursuant to the terms of an underwriting agreement entered into between Atlas Salt and Ventum Financial Corp. and Raymond James Ltd., as co-lead underwriters and co-lead bookrunners.

The net proceeds received from the Offering will be used for early works and site preparation activities, detailed engineering and mine development planning, advancement of permitting and environmental workstreams, procurement planning and equipment studies, and advancement of project financing initiatives in connection with the Great Atlantic Salt Project, as well as for general corporate and working capital purposes.

McCarthy Tétrault assisted Ventum Financial with a team led by Eva Bellissimo and Nancy Choi that included Laura Fabi (Business).