19:31:48 EDT Sun 19 May 2024
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Ares Strategic Mining Inc
Symbol ARS
Shares Issued 139,000,722
Close 2023-07-25 C$ 0.245
Market Cap C$ 34,055,177
Recent Sedar Documents

Ares Strategic completes conveyor belt fabrication

2023-07-26 14:59 ET - News Release

Mr. James Walker reports

ARES STRATEGIC MINING COMPLETES CONVEYOR BELT FABRICATION AND MOTOR ASSEMBLY

Ares Strategic Mining Inc. has completed its fabrication of its new conveyor belt system for its plant and planned fluorspar manufacturing operation.

The belts form part of the mechanisms connecting the various processing stages of the metallurgical lumps plant, a system dedicated to producing specific high quality metspar grade products, in industry preferred form.

James Walker, CEO and President of the Company, said, "We are happy to share our progress as we advance towards commissioning our lumps plant, the first plant of its kind in America. There has been tremendous interest in our metallurgical fluorspar lumps, giving great confidence of a robust and deep market that we are growing closer to supplying."

In 2018 the U.S. government classified fluorspar as a Critical Mineral, "deemed critical to U.S. national security and the economy." Fluorspar remains the only non-metallic Critical Mineral, which is 100% imported in the entire country. Fluorspar's classification as a Critical Mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than operations for conventional minerals.

Lost Sheep Fluorspar Project - Delta, Utah

100% owned - 5,982 acres - 353 Claims.

Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.

Fully Permitted - including mining permits.

NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.

Mining plan approved by BLM 1

First approved by Rex Rowley - Area Manager, Bureau of Land Management - 24th August 1992.

Renewed by Mike Gates - Minerals Program Manager, Bureau of Land Management - 12th December 2016. ON BEHALF OF THE BOARD OF DIRECTORS OF ARES STRATEGIC MINING INC. James Walker

We seek Safe Harbor.

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