Great Atlantic Salt Project to Boost Newfoundland and Labrador's Economy

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has announced the results of an Economic Impact Report for its Great Atlantic Salt Project. The report, prepared by Jupia Consultants Inc., highlights significant economic benefits for Newfoundland and Labrador (NL) and Canada.

The Project is expected to boost NL's GDP by $4.8 billion and contribute $2.5 billion in employment income. Annual household spending in NL will increase by $1.9 billion, and tax revenues will see a rise, contributing $90 million to municipal governments and $1.7 billion to the NL government. The federal government will benefit with an additional $953 million.

David Campbell, President of Jupia Consultants, stated that the Project represents a generational investment in southwestern Newfoundland, sustaining high-paying jobs over 34 years. Atlas Salt's CEO, Rick LaBelle, emphasized the company's commitment to long-term sustainable business and praised the Project's economic potential around St. George's.

The Project is one of the largest private sector investments in recent history for southwestern Newfoundland, promising extensive direct, indirect, and induced economic impacts. It also supports Atlas Salt's strategic discussions for potential financing and project advancement.