🌐 Atlas Salt appoints new CFO: Jeffrey Kilborn will officially take office on June 9

John's, Newfoundland & Labrador, June 3, 2025 - Canadian mining company Atlas Salt Inc. announced that it will usher in an important management adjustment on June 9, 2025: the current CFO Alasdair Federico will leave, and Jeffrey Kilborn, who has extensive experience in capital markets, will serve as Chief Financial Officer, and also serve as Company Secretary and Vice President of Corporate Development.

🧭 Handover between the old and the new: seamless transition
Outgoing CFO Alasdair Federico officially resigned from June 9, but will provide necessary transition consulting support to ensure seamless connection between the company's finances and operations.

New CFO Jeffrey Kilborn took office on June 9. He has more than 20 years of experience in mining and financial capital markets, including investment banking backgrounds at Raymond James and Bank of America, and has served as Executive Vice President of Corporate Development and CFO of Canadian Gold Corp.

📌 Appointment Background and Strategic Significance
Atlas Salt is currently developing the Great Atlantic Salt Mine Project in Newfoundland, Canada. As its key development strategy, the project is advancing from the licensing stage to construction preparation.

The introduction of Kilborn will help improve the company's communication with the capital market and provide professional support for the upcoming construction fund raising and financing strategy. Previously, the company has announced the appointment of new CEO Nolan Peterson and a series of senior executives, entering the "executive matrix reconstruction period".

🗣️ Senior Comments and Outlook
The new CFO Kilborn said: "I look forward to joining the Atlas team to promote the financing execution of the Great Atlantic project and bring the company a clearer positioning in the capital market through experience."

Patrick Laracy, chairman of the company's board of directors, commented that this appointment further improves the depth of leadership and demonstrates the company's strategic direction of balancing resource development and capital operation.

📊 Industry Impact and Market Observation
Capital Market Focus: Kilborn's investment banking experience and cross-border financing experience will enhance investors' confidence in Atlas' financing path and provide stable financial support for the next stage of development.

Enhanced strategic execution: The "younger" and "professional" characteristics of the executive team demonstrate the company's strong push for future construction milestones, especially at key nodes in the licensing, safety and engineering stages.

📆 Conclusion: With the executive adjustment officially taking effect on June 9, Atlas Salt is fully turning to the execution stage: the new CEO and the new CFO will jointly promote the Great Atlantic project into the construction phase and prepare to connect with the capital market for financing. This will be a critical period with great challenges and opportunities in the coming months.

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