Ares Strategic Mining Inc. is pleased to announce the approval of $4,920,000 USD financing from the U.S. Department of Agriculture under its Business and Industry Guaranteed Loan Program. The B&I program is deployed by the Federal Government to promote rural development and higher paying wages. The Company arranged this non-dilutive financing to [...]
The plant will be the first of its kind in North America. Once operational the plant will produce the only domestic supply of fluorspar in the US. Plant optimization expertise supplied by international fluorspar producers. Product predominantly anticipated to fuel the steel industry. Significant interest expressed in Ares' anticipated products by [...]
Ares Strategic Mining Inc. is pleased to announce that the Company has concluded negotiations and signed a purchase agreement for a 50-acre, industrially zoned, manufacturing site, for its upcoming fluorspar processing operation. The property is located in Delta, Utah, the closest city to the Company's fluorspar mine and claims. The new property is [...]
Ares Strategic Mining Inc. is pleased to announce the appointment of Paul Sarjeant as its new Vice President of Exploration for both its US and Canadian exploration and mining projects. Paul is a registered professional geoscientist, who brings significant technical and leadership experience to the role and Company. Paul began his career in 1984 [...]
Ares Strategic Mining Inc., is pleased to announce that the Company has completed airborne radiometric and magnetic geophysical surveys and a gravity survey over the entire Spor Mountain range, near Delta, Utah. Results of the surveys have provided the Company with a significant increase in the number of potential fluorspar targets across the [...]
Company ships Plant and Building steel and related infrastructure. Ares has been securing land and buildings to house expanded processing operation. Equipment to ship directly to new site. Steel structures and equipment will be integrated with Ares' Lumps Plant. Ares' partners will accompany the steel and equipment to site to assist with [...]
Ares Strategic Mining Inc. is very pleased to announce that after the Company's submission to the Private Activity Bond Program, established by Utah State to support new manufacturing enterprises, the Company was granted the maximum manufacturing bond allocation available through the program. The Private Activity Bond Program is Utah's tax-exempt [...]
Ares Strategic Mining Inc. is pleased to provide excerpts from a White House Press Office Release on Feb 22, 2022, regarding the Biden Administration's commitment towards Securing a Made in America Supply Chain for Critical Minerals, and how this potentially applies to Ares' fluorspar mine in Utah. Why This Is Important to Ares Fluorspar is [...]
Ares Strategic Mining Inc. is pleased to announce that the Company's metallurgical lumps plant has arrived at is industrial site in Delta. The plant is a large 3-storey facility, which will be the only one of its kind in North America. The plant was shipped from Asia and was routed through Long Beach. Ares' strategic partner in Asia, the Mujim [...]
Ares Strategic Mining Inc. , is pleased to announce the Company has received additional cash proceeds of $936,650 from the exercise of 5,445,667 warrants priced at $0.15 to exercise, and 748,750 warrants priced at $0.16 to exercise. The final expiry date of the warrants as issued during the Company's February 2020 financing, is February 13th, 2022 [...]
Ares Strategic Mining Inc. is pleased to announce that the Ares geological team has completed a generative drill target program to provide the Company with multiple exploration targets for testing in the coming years. The program is the first phase of a multi-year development plan that will run concurrently with the anticipated mining operation [...]
Ares Strategic Mining Inc. is pleased to announce that the fabrication of its recently ordered steel has been completed and the Company has taken possession. The Company has now begun arranging to ship the steel to the United States, where it will be integrated with its recently shipped lumps plant in the Company's production construction project [...]