Atlas Salt Inc. has announced a bought deal financing agreement with Ventum Financial Corp. and Raymond James Ltd. to raise $10 million through the sale of 8,333,400 common shares priced at $1.20 each. This offering, which will close on or about June 11, 2026, is subject to regulatory approvals and includes an option for underwriters to purchase an additional 15% of the shares. The funds raised will be allocated towards early works and site preparation, detailed engineering, mine development planning, and environmental workstreams for the Great Atlantic Salt Project in Newfoundland and Labrador, Canada. The financing is designed to support the company's commitment to responsible mining practices while enhancing its position in the North American salt market. Notably, the common shares will not be subject to a hold period under Canadian securities legislation, allowing for immediate trading. Atlas Salt aims to advance its project financing initiatives and general corporate purposes with these proceeds.