Ares Strategic Mining announced the signing of an MOU between Cremer Erzkontor Inc. and the Company. Under the MOU, the two firms will negotiate binding definitive agreements for the following: Cremer Erzkontor will become ARES's agent for the sale and worldwide distribution of Fluorspar produced at the Company's Lost Sheep Mine in Utah. Under a take or pay sales agreement, Cremer will be responsible for selling all the [...]
Ares Strategic Mining is pleased to announce the completion the mine planning phase and commencement of its mine construction. The Company has started ramp installation work to intersect fluorspar mineralization and provide feed for the plant currently under construction in Delta. The ongoing diamond drilling program has assisted technical staff to define the extents of fluorspar mineralization and has aided in [...]
Ares Strategic Mining is pleased to announce the discovery of new and additional fluorspar mineralization at the Lost Sheep permitted mining site located at its Spor Mountain fluorspar project. Ares is currently undertaking core diamond drilling to delineate the placement and design of installations to facilitate mining operations scheduled for later in 2024. As drilling has proceeded, drill holes have reached depths not [...]
Ares Strategic Mining is pleased to announce the Company has commenced construction and building work to ready its permitted mine site for producing fluorspar. The preparations and installations will provide greater feed for Ares' anticipated fluorspar production operation. Earth works are already underway, with site clearance, and equipment and worker facilities currently being constructed at the Lost Sheep mine area [...]
Ares Strategic Mining is pleased to announce successfully completing its steel infrastructure purchase, and the commencement of the steel's fabrication in anticipation for construction in 2024. The structure allows for a multi-person 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 [...]
Ares Strategic Mining is pleased to announce it has completed all the payments to purchase, fabricate, and assemble the Company's advanced - and the only one of its kind in the country - acidspar manufacturing facility. Acidspar is the highest-grade fluorspar product produced for industry and is one of the most ubiquitously used industrial minerals in manufacturing, with applications in the chemical,
Ares Strategic Mining is pleased to announce the Company has entered into an agreement with Provo Mining & Construction, Inc. to prepare Ares' permitted mine site for producing fluorspar feed for its anticipated fluorspar production operation. Provo is a Utah based mining contracting company, that utilizes innovative engineering for project and construction management to deliver safe, well-executed mining projects. Provo [...]
Ares Strategic Mining is pleased to announce closing a State of Utah backed financing of over $14,000,000 CAD, for the purposes of purchasing, constructing, and commissioning a new, advanced, and the only one of its kind in the country, acidspar manufacturing facility. The Company is seeking to rebuild the U.S. fluorspar industry, which has elicited enormous help from the government, which referred the Company to both the [...]
Ares Strategic Mining is pleased to announce that, further to its news release dated April 19, 2022, its wholly-owned Utah subsidiary has borrowed the aggregate sum of US$9,500,000 from Millard County, Utah pursuant to a US$10,000,000 tax-exempt Manufacturing Facility Revenue Bond a US$500,000 taxable Manufacturing Facility Revenue Bond created and issued by Millard County. The principal sum of the Bonds to be repaid by [...]
Ares Strategic Mining is pleased to announce that it has continued from the laws of the province of Ontario to the laws of the province of British Columbia pursuant to the Business Corporations Act as of Dec 6, 2023. The continuance was approved by a special resolution of shareholders at the Company's Annual General & Special Meeting held on November 23, 2022. No action will be required by existing shareholders with [...]
Ares Strategic Mining is pleased to announce the Company has updated its corporate media as part of its wider online marketing strategy. The Company's marketing strategy aims to provide content-rich updates to existing shareholders, and further insight into the ARES opportunity to potential investors. ARES' new website can be viewed at www.aresmining.com and includes new information such as a Frequently Asked Question [...]
Ares Strategic Mining is pleased to announce the Company has completed the planning permission approval process, authorizing the company to fully construct and commission its lumps manufacturing plant at its Delta City, Utah, industrial site. Ares has designed and fabricated all the components of its new fluorspar plant and has now cleared the permissions process to enable the company to complete the foundations, steel [...]
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