Announcement • Jun 02
Atlas Salt Inc. announced that it expects to receive CAD 10.00008 million in funding Atlas Salt Inc. has entered into an agreement with Ventum Financial Corp to issue 8,333,400 common shares of the company at a price of CAD 1.20 per Common Share for aggregate gross proceeds of CAD 10,000,080 on May 31, 2026. The transaction involves new investor participation form Ventum Financial Corp for 8,333,400 shares. The Company has also granted the Underwriters an option to purchase up to an additional 15% of the Common hares at the offering Price, exercisable in whole or in part at any time up to 48 hours prior to the closing of the offering. The transaction is expected to close on June 11, 2026. The transaction is on a bought deal private placement basis. The completion of the offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. The offering will not be subject to a hold period under applicable Canadian securities legislation. Announcement • May 15
Atlas Salt Inc. announced that it expects to receive CAD 1.250001 million in funding Atlas Salt Inc. announced a non-brokered private placement to issue 961,539 flow-through common shares at an issue price of CAD 1.3 for the proceeds of CAD 1,250,000.7 on May 15, 2026. Closing of the Offering is expected to occur on or about May 20, 2026, and is subject to customary closing conditions and regulatory approvals, including the approval of the TSX Venture Exchange Inc. All FT Shares issued in connection with the Offering are subject to a hold period of four months and one day following the Closing Date under applicable Canadian securities laws. New Risk • May 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$10m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$10m free cash flow). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$115.1m market cap, or US$84.8m). 
