Mr. James Walker reports
ARES STRATEGIC MINING FULLY COMPLETES PAYMENT FOR FLOTATION PLANT STEEL AND COMMENCES FABRICATION
Ares Strategic Mining Inc. has successfully completed its steel infrastructure purchase, and commenced the steel's fabrication in anticipation for construction in 2024. The structure allows for a multiperson crew to operate the processing system and provides the supporting build, around which the plant will be constructed.
The company intends to ship the steel structure with its new flotation plant and begin installation concurrently. The fabricated steel and plant will be installed on Ares's 50-acre industrial site in Delta, Utah, and will require basic assembly methods to complete construction. The plant manufacturer has also agreed to supply labour and expertise to aid with installation and optimization.
James Walker, president and chief executive officer of the company, said: "Finalizing the contract and securing the steel is great progression, especially given increasing material costs. We are very pleased the company has continued to advance its plans so consistently despite steel supply backlogs and material price increases, and a slow mining market. We are looking forward to keeping our shareholders up to date with all our progress as we push towards our production goals."
Lost Sheep fluorspar project -- Delta, Utah:
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100 per cent owned -- 5,982 acres -- 353 claims;
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Located in the Spor Mountain area, Juab county, Utah, approximately 214 kilometres southwest of Salt Lake City;
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Fully permitted -- including mining permits;
- National Instrument 43-101 technical report identified extensive high-grade fluorspar with low levels of impurities;
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Mining plan approved by Bureau of Land Management:
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First approved by Rex Rowley -- area manager, Bureau of Land Management -- Aug. 24, 1992;
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Renewed by Paul B. Baker -- minerals program manager, Bureau of Land Management -- Dec. 12, 2016.
We seek Safe Harbor.
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