Atlas Salt erhält eine Absichtserklärung von Export Development Canada zur Finanzierung des Projekts Great Atlantic Salt von bis zu 150 Mio. C$

Atlas Salt Inc. (TSXV: SALT) (OTCQX: SALQF) (FSE: 9D00) ("Atlas Salt" or the "Company") announces it has received a Letter of Interest from Export Development Canada ("EDC") indicating its interest in providing up to C$150 million in long-term debt financing for the Great Atlantic Salt Project (the "Project") located near St. George's, Newfoundland and Labrador, acting as Mandated Lead Arranger. The Letter of Interest is a significant milestone for the Company's project financing, which is progressing with the assistance of the Company's financial advisor, Endeavour Financial.

Key Highlights

Atlas Salt has received a Letter of Interest from EDC indicating potential financing of up to C$150 million for the Great Atlantic Salt Project.

The Letter of Interest allows EDC to deepen its due diligence review of the Project as a potential participant in the senior secured debt financing process led by Endeavour Financial.

This milestone builds upon the Company's previously announced engagement with export credit agencies and confirms global financial interest.

Nolan Peterson, President and CEO of Atlas Salt, commented, "The Letter of Interest from EDC for up to C$150 million in senior debt financing is a significant endorsement of the Great Atlantic Salt Project and the fundamentals outlined in our updated feasibility study. Export credit agencies conduct rigorous and systematic due diligence reviews. Their engagement at this stage reflects the strength and strategic importance of a long-life Canadian critical minerals and industrial salt asset. The letter represents a significant de-risking and is one component of a broader financing process being worked on with multiple counterparties across jurisdictions. We look forward to diligently advancing this process alongside our advisor, Endeavour Financial."

Letter of Interest from Export Development Canada

The Letter of Interest confirms EDC's interest in providing potential project financing. Furthermore, EDC intends to proceed with the Company and its advisors to conduct due diligence with a view to providing up to C$150 million in senior secured debt financing.

EDC is Canada's export credit agency. It provides financing, insurance, and expertise to support Canadian companies and projects in international trade and export.

The Letter of Interest is non-binding and does not constitute a commitment to provide financing. Any participation by EDC remains subject to the satisfactory completion of due diligence, credit approval, and the negotiation of definitive agreements.

Project Financing Process

Atlas Salt continues to advance the financing for the Great Atlantic Salt Project with the support of its financial advisor, Endeavour Financial.

As previously disclosed, the Company is seeking approximately C$350 million to C$400 million in senior secured debt financing, underpinned by the updated feasibility study released on September 30, 2025. The study indicated a post-tax Net Present Value (NPV8) of C$920 million, a post-tax Internal Rate of Return (IRR) of 21.3%, a payback period of 4.2 years at a steady-state production rate of 4.0 million tonnes per annum, and a post-tax free cash flow of approximately C$188 million over a 25-year mine life.