Mr. James Walker reports

ARES STRATEGIC MINING CONTRACTS SFC TEC TO COMPLETE PROCESSING PLANT CONSTRUCTION AND COMMISSIONING

Ares Strategic Mining Inc. has contracted the services of SFC Tec, a company specializing in commercial installations, fabricating and installing infrastructure and steel buildings, and welding and assembly construction.

SFC Tec is a local business, able to provide Ares with the best possible value by drawing from personnel within the local community to prepare, install and construct the Ares plant. SFC is able to fabricate buildings with large spans, with dimensions customized to fit your equipment and storage needs. Because its buildings are 100 per cent designed and built in Utah, SFC Tec can design, fabricate and erect the building efficiently, and minimize the total project time. It can also ship building packages that are ready to erect and assemble.

SFC Tec has begun site preparation, identifying the area best able to accommodate the plant, clearing and levelling the terrain, preparing the site plan and the new plant's steel for erection to house the new facility. Ares is now working with the city to advance the project in line with local requirements, visiting with council and city planners as it co-ordinates its work. Ares has recently purchased all the motors and conveyor belt systems necessary to connect the plant's operation, which are due to be delivered to the company's industrial estate in October.

James Walker, chief executive officer and president of the company, said: "It's extremely gratifying to see the work progressing at site, and gradually having our planning materialize into our fluorspar manufacturing operation. As can be expected, an operation can take significant planning, time, resources and investment, which we have managed to achieve economically and conservatively with the assistance of our very committed staff. We're looking forward to further announcements and releasing more updates as we progress work in Utah towards commissioning the only fluorspar manufacturing operation in the United States."

In 2018, the United States 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 per cent 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 per cent owned, 5,982 acres, 353 claims.
• Located in the Spor Mountain area, Juab county, Utah, approximately 214 kilometres southwest of Salt Lake City.
• Fully permitted -- including mining permits.
• National Instrument 43-101 technical report identified extensive high-grade fluorspar with low levels of impurities.
• Mining plan approved by BLM (Bureau of Land Management).
  • First approved by Rex Rowley -- area manager, Bureau of Land Management -- Aug. 24, 1992.
  • Renewed by Mike Gates -- minerals program manager, Bureau of Land Management -- Dec. 12, 2016.

We seek Safe Harbor.