Atlas Salt raised $8.7M in a private placement to advance its Great Atlantic Salt Project.

Atlas Salt Inc. closed a brokered private placement on October 21, 2025, raising $8.7 million by issuing 10.88 million common shares at $0.80 each under Canadian securities exemptions. The financing, led by Raymond James Ltd. and Ventum Financial Corp., included a strategic investor and insider participation, with proceeds funding civil engineering for the Great Atlantic Salt Project and general corporate needs. The company paid $522,264 in cash fees and issued 652,830 compensation warrants. Shares are not registered in the U.S. and have no hold period. The move follows a positive market response to an updated feasibility study highlighting improved project economics and de-risking.