13:52:11 EST Tue 04 Nov 2025
Enter Symbol
or Name
USA
CA



Ares Strategic Mining Inc
Symbol ARS
Shares Issued 235,846,278
Close 2025-10-31 C$ 0.43
Market Cap C$ 101,413,900
Recent Sedar Documents

Ares completes secondary ventilation system at Sheep

2025-11-03 13:09 ET - News Release

Mr. James Walker reports

ARES STRATEGIC MINING COMPLETES SECONDARY VENTILATION SYSTEM AT ITS MINE, CLEARING PATH FOR INDUSTRIAL-SCALE MINING

Ares Strategic Mining Inc. has completed and activated its secondary underground ventilation system at the Lost Sheep fluorspar mine in Juab county, Utah. This achievement marks the final regulatory and operational milestone required to commence industrial-scale mining operations in full compliance with Mine Safety and Health Administration (MSHA) standards.

The secondary ventilation system has been engineered, installed and tested to provide continuous, high-volume airflow to active underground work areas, ensuring a safe and compliant operating environment for personnel and equipment.

Major infrastructure milestone completed

As part of Ares's strategic ramp-up to full-scale production, the newly completed secondary ventilation system includes:

  • A 75-horsepower, 30-inch diameter fan generating a minimum of 30,000 cubic feet per minute (CFM) of fresh airflow;
  • Custom built by ABC Ventilation Systems, the fan was installed along a dedicated ventilation raise that also serves as a second egress pathway, meeting MSHA's redundancy and safety requirements;
  • Designed and implemented by Provo Mining Construction (PMC), with future airflow expansion plans integrated as mining activities deepen and advance.

This development finalizes all critical underground infrastructure required to move into continuous mining operations at scale. James Walker, chief executive officer of Ares Strategic Mining, commented: "The completion of the ventilation system marks a turning point for Ares. With this vital infrastructure now in place and MSHA standards fully met, our teams are greenlit to ramp up to full-scale, continuous mining. This is the final step before true production begins -- and it brings us closer than ever to generating consistent revenue as America's only fluorspar producer."

Positioned for production and growth

This development builds upon months of construction and underground advancement, including:

  • The completion of spiral decline development and ore access drifts;
  • The mobilization of full mining equipment fleets, including loaders, articulated trucks and jumbo drills;
  • The construction and commissioning of surface processing infrastructure (Lumps plant).

With the ventilation system on line, the company is now cleared to begin ore extraction at industrial levels, supporting near-term stockpiling and processing targets.

Strategic importance of fluorspar

Fluorspar is a United States-designated critical mineral, vital to the production of:

  • Aluminum and steel;
  • Lithium-ion batteries and fluoropolymers;
  • Hydrofluoric acid and nuclear fuel production.

Ares's Lost Sheep mine is currently the only permitted and operational fluorspar mine in the United States, placing the company in a unique position to support North American industrial supply chains and reduce dependence on foreign sources.

Ares is also pleased to announce that the company has agreed to the settlement of an aggregate of $64,901.13 of debt incurred by the company for accounting and financial services provided by Viktoriya Griffin, Prospero and Craven Capital. The company issued an aggregate of 150,933 common shares at a deemed price of 43 cents per share.

About Ares Strategic Mining Inc.

Ares Strategic Mining is a mining company focused on the development of its fluorspar projects in the U.S. The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.

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 Paul B. Baker -- minerals program manager, Bureau of Land Management -- Dec. 12, 2016.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.