Atlas Salt CEO & Director

Stockhouse

The Market Online speaks with Atlas Salt CEO & Director, as Atlas Salt is Advancing the Great Atlantic Salt Project with an Updated Feasibility Study.

Transcript

00:00Welcome to The Watchlist, I'm Lindsay Melchuk. Atlas Salt is a North American premier undeveloped

00:11high-grade salt project with a focus on innovation and efficiency, poised to make significant

00:17contributions to the North American salt market. The company has just announced the appointment of

00:22Mr. Nolan Peterson, CEO and director of the company, and Mr. Jeffrey Kilborn as CFO,

00:29Corporate Secretary and VP Corporate Development, effective both June 9th, 2025. Now here to walk

00:36us through the strategy behind that is Mr. Nolan Peterson himself. Welcome Nolan, this is exciting

00:42news and congratulations. Oh thank you Lindsay, great to be here and nice to meet you as well.

00:47Well now right out of the gate I want to ask what the first big change or priority you're

00:52going to focus on in your new role is. Yeah so as you mentioned I just started at Atlas Salt and

00:58it's been an exciting opportunity and great time for me to join. I really want to get the company's

01:03focus back on track on developing the asset and also bringing attention to the great asset that

01:08we do have in the market. So I think that the project has been advanced and de-risked significantly

01:14before I joined but also what has been missing a little bit is getting that message out there into

01:19the market and so that investors can really see that the value that we do have and we are bringing.

01:26So then let's flip over right to the core here Nolan. Which part of the updated feasibility study,

01:32production optimization, mine planning, Sandvik integration or even the new economic model will

01:39most immediately influence the project financing and really why? Yeah I mean at the end of the day it's

01:45always going to be the economics that that appeal to the financiers. So if we look at it the original

01:50feasibility study was prepared two years ago and in that time we've de-risked the project. We brought

01:55on partners like Sandvik who are going to be equipment suppliers. We've done further engineering and

02:01geotechnical work to refine our understanding of the resource and the infrastructure around it and we also

02:07have an approved environmental assessment from the government that has allowed us to proceed with

02:14advancing permitting and into construction when we have funding. So all that needs to be incorporated

02:19into an updated feasibility study. We're also planning to try to shorten the mine life by accelerating

02:25production into the earlier years which of course will improve the economics. This was something that

02:31we mentioned as a possibility in the original feasibility study and now with further refinement we're acting

02:36towards that goal. So all of this will incorporate original thinking, new thinking into a refined package

02:43that we can take to the market and present to financiers. Well I mean you have hit the ground

02:49running here. Congratulations again and do come back and give us an update soon. Anytime Lindsay I'm happy to

02:55join you. Again that was Nolan Peterson CEO of Atlas Salt. Their website is atlassalt.com

03:02for more information. I'm Lindsay Melchick with Stockhouse Publishing. We'll see you next time.

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