ARES Strategic Mining Inc.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

ARES Strategic Mining is a mining company that holds 100% interest in the only permitted fluorspar mine in the US– the Spor Mountain Fluorspar Project in western Utah. ARES’ vision is to be the leading fluorspar mining company in North America. The Company’s mission is to return fluorspar manufacturing to North America.

ARES is a well supported company and financially backed by the US Government. ARES also has strategic partnerships with major international fluorspar producers, giving the Company access to technology, proceedings information, market information, and engineering expertise.

ARES is an innovative company, already in possession of plants, industrial land, infrastructure, buildings, transport, and top personnel. ARES represents a rare occurrence of a company with no domestic competition, within its industrial space.

As a publicly traded company, ARES is committed to the exploration, production, and supply of fluorspar, and to its shareholders.

In 2018 the U.S. 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% 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.

UTAH FLUORSPAR OPERATION

Spor Mountain Fluorspar Mine, Utah, US

Lost Sheep Fluorspar Project – Delta, Utah

• 100% owned – consists of 353 claims and covers an area of approximately 5,982 acres
• Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City
• The fluorspar found at the Lost Sheep mine naturally occurs at grades high enough to be accepted by the industry, even without processing
• Fully Permitted – including mining permits
• Mining plan approved by Bureau of Land Management (BLM)
• NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities

Highest Naturally Occurring Fluorspar Grades in North America

• Technical studies confirming grades at Lost Sheep average ~75%
• Higher than grades from Mexico and Vietnam
• Typical grades at other global operations range from 5% - 30%
• No fluorspar deposits of comparable size and grade have been identified in North America

ARES has begun investing in the upgrade of the mine and processing facilities, with expanded mine designs, including a new high capacity plant to significantly increase the production of the mine. ARES has also recently completed a rail spur project to aid delivery of its product from the Lost Sheep Mine across North America.

On October 10, 2023, ARES announced that 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 lumps plant and has now cleared the permissions process to enable the Company to complete the foundations, steel erection, and the installation of the assembled plant. All components are already delivered, and the team is already assembled to complete construction of the only plant of its kind in the United States.

The approval is the culmination of a substantial amount of work completed by ARES in collaboration with its Delta City partners and the local government. As part of the permitting process, ARES will ensure it follows all its environmental management plans to create a safe and environmentally concordant operation.

With its new plant, ARES will aim to produce a high-grade fluorspar product, to the specifications required by industry. Industrial manufacturers, both international and domestic, have expressed considerable interest in the product. The lumps are expected to principally supply the steel industries but will also feed into the ceramics and glass industries.

James Walker, CEO and President of the Company, said, “All the components to launch our operation are lining up. We have obtained enormous support locally, with nearby operations even offering to assist us to support our operation. We are getting closer to being part of the U.S. industrial landscape. We have an excellent team in Utah ready to push this project forward and provide value to our ARES shareholders.”

There is large domestic fluorspar market and ARES is well placed to become an integral part of North America's supply chain.

Management

Management and Directors

James Walker, Chief Executive Officer

Mr. Walker has extensive experience in engineering and project management; particularly within mining engineering, mechanical engineering, construction, manufacturing, engineering design, infrastructure, safety management, and nuclear engineering. Mr. Walker’s professional experience includes designing nuclear reactors, submarines, chemical plants, factories, mine processing facilities, infrastructure, automotive machinery, and testing rigs.

Paul Sarjeant, Vice President of Exploration

Mr. Sarjeant is a professional geologist with mineral exploration and development experience in North and South America and throughout Africa, Asia, and Europe. Mr. Sarjeant’s career in mineral exploration spans 25 years. He is currently a director and consultant to a number of private and public mining companies. He is also the President, CEO, and founder of Doublewood Consulting Inc.

Viktoriya Griffin, Chief Financial Officer

Mrs. Griffin is a Chartered Accountant with over a decade of experience in her field. Most recently, she led the CFO services line at Clearline CPA.

Keith Minty, Vice President of Project Development

Mr. Minty is a Canadian mining Engineer with more than 30 years professional experience developing and operating mines worldwide including Arctic locations.

Edward Mahoney, Chief Geologist

Manager of Geology, Resource Estimation and Reporting, Exploration, and Business Development, with more than 30 years experience in the metals mining industry.

News Update

On November 04, 2024, Ares Strategic Mining Inc. has shipped its new flotation plant. The plant, which features state-of-the-art flotation technology, will be the only facility of its kind in North America. It is designed to produce acidspar, a high-purity form of fluorspar (calcium fluoride) crucial for various industrial applications, including aluminum production, chemical manufacturing, lithium-ion batteries, electronics, uranium enrichment, cement manufacture, and the creation of specialized glass and ceramics.

James Walker, president and chief executive officer of Ares Strategic Mining, stated: "We're pleased with the progress and support surrounding our flotation plant. Our operation, infrastructure and production timelines are coming together well, with plans to commence mining alongside processing facility construction. We see Ares's operations becoming a cornerstone of the U.S. industrial landscape and are excited about our long-term growth plans and impact on domestic supply chains."

On October 07, 2024, Ares Strategic Mining Inc. has closed the second tranche of its previously announced offering of units by issuing 765,170 units at a price of 18 cents per unit, for aggregate gross proceeds of $137,730.60.

On Aug. 22, 2024, the company announced a non-brokered private placement offering of units (the LIFE offering) at a price of 18 cents per unit pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions).

For additional details relating to the LIFE offering, please see the company's previously filed news releases, which are available under the company's profile on SEDAR+.

On September 26, 2024, The fabrication of Ares Strategic Mining Inc.'s state-of-the-art flotation plant has been completed, and the company has taken possession of the facility. The company has now begun arranging to ship the plant to the United States, where it will be assembled and integrated into its production construction project.

The plant, which will be housed within a specially designed two-storey structure, is capable of manufacturing acid-grade fluorspar (acidspar) through an advanced flotation process. This facility will be the only one of its kind in the United States, positioning Ares as the sole domestic producer of this critical mineral. To ensure the successful construction and optimization of the plant, Ares has arranged for experienced international operators to accompany the facility to Utah, where they will assist with the installation and fine tuning of the operation.

James Walker, president and chief executive officer of the company, said: "The completion of our flotation plant marks a significant milestone not only for Ares but for the entire U.S. industrial landscape. With this facility, we are bringing back a crucial industry to the United States. Acidspar accounts for approximately two-thirds of the U.S. market demand for fluorspar, and this will be the only facility of its kind in the country capable of meeting that demand domestically. By establishing this plant, we are taking an important step toward securing more robust and reliable domestic supply chains. As the U.S. continues to prioritize industrial self-sufficiency, our plant will play a key role in reducing reliance on foreign sources for this critical mineral. We are proud to be part of the drive to strengthen our nation's industrial base, and we will continue to keep everyone informed as we progress towards full production."

On September 18, 2024, Ares Strategic Mining Inc. has received a significant equity investment from Sorbie Bornholm LP, a United Kingdom based institutional investor renowned for supporting high-growth potential companies.

Sorbie's investment represents a strategic partnership that aligns with Ares Strategic Mining's vision of transforming from a mining company into a fully integrated fluorspar manufacturer. This collaboration is expected to accelerate the company's continuing development of manufacturing capabilities and expand its capacity to meet the growing demand for fluorspar and its derivatives.

James Walker, chief executive officer of Ares Strategic Mining, commented: "We are delighted to welcome Sorbie as a strategic equity partner. Institutional support is vital as we advance our growth strategy, and Sorbie's commitment is a strong validation of our long-term objectives. With Sorbie's backing, we are better positioned to enhance our operational capabilities, secure new opportunities and continue delivering value to our shareholders."

On September 13, 2024, Ares Strategic Mining Inc. announced that it has closed the first tranche of its previously announced offering of units (each, a “ Unit ”) by issuing 9,017,772 Units at a price of $0.18 per Unit, for aggregate gross proceeds of $1,623,198.96.

On August 22, 2024, the Company announced a non-brokered private placement offering of Units (the “LIFE Offering ”) at a price of $0.18 per Unit pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “LIFE Exemption ”).

For additional details relating to the LIFE Offering and LIFE Offering, please see the Company’s previously filed news releases which are available under the Company’s profile on www.sedarplus.com.

On August 13, 2024, Ares Strategic Mining Inc.'s mineworks installations have reached the depths required from the mine plan to begin extracting the fluorspar mineralization, bringing the company closer to its first mining activities at an industrial scale for the first time at the Spor Mountain district.

The company has completely revamped and prepared its mine sits, with site clearances, MSHA inspections, purchased heavy industrial equipment and worker facilities constructed at the Lost Sheep mine area. Ares is working with Provo Mining to ensure that the operation of the mine and the processing of fluorspar are set to start later this year, with mining permits and authorizations already completed. Ares plans to bring to market a responsibly extracted high-purity fluorspar, to supply the steel, chemical and electric vehicle sectors with a domestic and sustainable product. The portal and ramp installations can now accommodate heavy machinery all the way to the extraction depths.

James Walker, chief executive officer and president of the company, said: "All our current work is building towards making Ares a leading domestic supplier of fluorspar. The company and team have made significant progress in the past year. The development is proceeding expeditiously and is fortunate to have very professional and experienced teams working on both the mine and the processing site to bring them to operational capacity. We are looking forward to keeping our shareholders updated with our progress during this very productive period of development for our company and project."

On June 18, 2024, Further to the news release dated May 10, 2024, Ares Strategic Mining Inc. has filed an amended and restated offering document in connection with its previously announced non-brokered private placement offering of a minimum of 5,555,555 units and a maximum of 22,222,222 units of the company at a price of 18 cents per unit for gross proceeds of a minimum of $1-million and a maximum of up to $4-million pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions). In connection with the LIFE offering, the company filed an offering document dated May 9, 2024. On May 31, 2024, under the initial offering document, the company closed the first tranche of the LIFE offering and raised gross proceeds of $1,077,297.28. On June 7, 2024, the company closed the second tranche of the LIFE offering under the initial offering document and raised gross proceeds of $996,709.86 for total gross proceeds from both tranches of $2,074,007.14.

On June 10, 2024, Ares Strategic Mining Inc. has accelerated its mine works installations, bringing the company closer to its first mining activities at an industrial scale for the first time at the Spor Mountain district.

As earthworks continue, site clearance, equipment and worker facilities have been constructed at the Lost Sheep mine area. Ares is working with Provo Mining to ensure that the operation of the mine and the processing of fluorspar is set to start later this year, with mining permits and authorizations already completed. Ares plans to bring to market a responsibly extracted high-purity fluorspar, to supply the steel, chemical and EV (electric vehicle) sectors with a domestic and sustainable product.

Ares is undertaking simultaneous activity across its mine site and processing site to expedite the Utah operation's development. In addition to the mine preparation, the company is currently constructing its lumps plant at its 50-acre industrial site. The company also recently paid in full for a new flotation plant capable able of delivering the highest-grade fluorspar products needed by industry, enabling the company to have multiple product lines -- that plant will be delivered to site later this year.

James Walker, chief executive officer and president of the company, said: "All our current work is building towards making Ares a leading domestic supplier of fluorspar. The company and team have made significant progress in the past year. The development is proceeding expeditiously, and is fortunate to have very professional and experienced teams working on both the mine and the processing site to bring them to operational capacity. We are looking forward to keeping our shareholders updated with our progress during this very productive period of development for our company and project."

On June 07, 2024, Ares Strategic Mining Inc. has closed the second tranche of its previously announced offering of units by issuing 5,537,277 units at a price of 18 cents per unit for aggregate gross proceeds of $996,709.86. On May 10, 2024, the company announced a non-brokered private placement offering of a minimum of 5,555,555 units and a maximum of 22,222,222 units at a price of 18 cents per unit pursuant to the listed issuer financing exemption to raise gross proceeds of a minimum of $1-million and a maximum of $4-million. On May 31, 2024, the company closed the first tranche of the LIFE offering and issued 5,984,986 units for gross proceeds of $1,077,297.28. To date, the company has raised an aggregate amount of $2,074,007.14 from the first and second tranche closings.

James Walker, chief executive officer of Ares Strategic, said: "Despite a slow mining market, certain projects have earned investor interest thanks to their ability to make advancements and progress. Ares is fortunately one of those companies, having recently been able to develop its mine and construct processing facilities, making it able to attract investment looking for promising prospects. There is clearly great support and enthusiasm for our project, which is encouraging for everyone involved. The company is close to launching the only fluorspar mine in the United States and bringing an exported industry back to U.S. shores. We are making tremendous progress towards commissioning our operation, and are looking forward to sharing all our progress occurring at both our mine and processing sites. The company has expedited the installation of new mine works to ensure feed for our new plant, which is currently under construction, and our new acidspar manufacturing facility, which will be delivered next quarter. The proceeds of our raise will contribute towards our ramp installation, which is now over halfway to reaching the body of the fluorspar mineralization on our permitted mine site. Once processed, the company will see its first revenue and shift from being a mining company to a manufacturing company. It's great to see progress in all areas of the company and watching it get continuously closer to its goals."

On May 31, 2024, Further to the news release dated May 10, 2024, which announced a non-brokered private placement offering of a minimum of 5,555,555 units of the company and a maximum of 22,222,222 units at a price of 18 cents per unit pursuant to the listed issuer financing exemption for gross proceeds of a minimum of $1-million and a maximum of $4-million, Ares Strategic Mining Inc. has closed the first tranche of the LIFE offering by issuing 5,984,986 units at a price of 18 cents per unit, for aggregate gross proceeds of $1,077,297.28.

On May 10, 2024, Ares Strategic Mining Inc. has arranged a non-brokered private placement offering consisting of a minimum of 5,555,555 units of the company and a maximum of 22,222,222 units at a price of 18 cents per unit for gross proceeds of a minimum of $1-million and a maximum of $4-million. Each unit shall consist of one common share in the capital of the company and one common share purchase warrant.

As disclosed in the offering document, the company intends to use the net proceeds from the LIFE offering to pay for the continuing construction and installation of a ramp to intersect fluorspar mineralization at depth at the company's Lost Sheep fluorspar property, and for general and corporate working capital purposes.

James Walker, chief executive officer of Ares, said: "The company is making tremendous progress towards commissioning our operation and launching the only fluorspar mine in the United States. We have received great state and U.S. federal support, which has covered all our plant, equipment, construction and infrastructure costs. Alongside these developments, the company has expedited the installation of new mine works to ensure feed for our new plant. The company is seeking to close a private placement to continue the ramp installation currently under construction and intersect the fluorspar mineralization on our permitted site for processing and generating our first revenue. It's great to see progress in all areas of the company and watching it get continuously closer to its goals."

On March 28, 2024, Ares Strategic Mining Inc. has engaged Pivotal CML Ltd. to provide the company with certain marketing and promotional services. Pivotal is based in Dublin, Ireland, with a business address located at Monor House, 3 Church Road, Malahide Co Dublin, K36 PP22 (email: info@pivotal.com , telephone: 0333 050 8155).

Pivotal's engagement is for a term of 4 months, which commenced on January 30, 2024. The engagement may be extended by mutual agreement, or terminated earlier by either party by providing at least 30 days' written notice to the other party. Pursuant to the engagement, Pivotal will create an advertising campaign with the objective of increasing investor awareness through various online platforms. As Ares reaches its development milestones, the Company is looking to install a more expert media infrastructure around the expanded operations. The marketing campaign is expected to include SEO, digital media campaigns for branding, media consulting, multimedia services, marketing, multi-region distribution, video production, investor packages, company updates, corporate, and website creative.

On March 27, 2024, Ares Strategic Mining Inc. has an MOU (memorandum of understanding) with Cremer Erzkontor Inc.

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 Company's expected 50,000 tons per year production of Metspar, for the next 5 years, with the option of renewal at the end of that period.

Cremer Erzkontor will earn a commission on all sales.

After suitable due diligence, Cremer Erzkontor will advance US$2,000,000 under a forward sale agreement, to enable the company to meet its working capital and investment needs.

Cremer Erzkontor also has the right of first refusal for any additional fluorspar products such as acidspar and any production from other mines ARES may acquire.

On March 25, 2024, Ares Strategic Mining Inc. has completed the mine planning phase and commenced 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, Utah.

The continuing diamond drilling program has assisted technical staff to define the extents of fluorspar mineralization and has aided in delineating the placement and design of ramps to facilitate mining operations scheduled for later in 2024. As drilling proceeded, drill holes reached depths not previously investigated and intersected previously unidentified fluorspar mineralization which connect to the company's initial mining targets. These visually identified zones of fluorspar mineralization have the potential to expand planned mining extraction. Assay results are pending and will be reported when received by the company.

James Walker, president and chief executive officer of the company, said: "Seeing the project get closer to production is extremely encouraging and motivating. The visually confirmed fluorspar mineralization from the current drill program was an unexpected bonus and provided us with still further confidence in our upcoming operation. The ramp currently under construction is the biggest development towards the largest fluorspar operation ever seen at the Spor Mountain Range, which has almost 100 years of mining history. The company and its staff are excited at the tangible near-term and long-term prospects and are looking forward to commencing operations and being the only domestic supplier of metspar and acidspar in the United States."

On February 22, 2024, Ares Strategic Mining Inc. has discovered 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 previously investigated, new high-grade fluorspar mineralization has been discovered connected to the initial mining targets Ares has selected for its preliminary production plans, expanding the potential of these targets. Drilling is currently progressing, with further delineation drilling planned within this zone. The company will progress to delineate secondary targets and confirm further mineralization, while investigating for similarly deeper mineralization below previously delineated fluorspar pipes. James Walker, president and chief executive officer of the company, said: "The high-grade results from the current drill program are a great bonus and serve to provide additional confidence in the upcoming operation currently under construction. Additionally, the discoveries give us a great insight into the geology and layout of the subsurface fluorspar mineralization and direct the company towards locations where high-grade fluorspar is likely located. Ares can now consider expanding its proposed production capacity. The company and its staff are excited at the tangible near-term and long-term prospects, and are looking forward to commencing operations and being the only domestic supplier of metspar and acidspar in the U.S."

On February 14, 2024, Ares Strategic Mining Inc. 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's anticipated fluorspar production operation.

Earthworks are already under way, with site clearance, and equipment and worker facilities currently being constructed at the Lost Sheep mine area. Ares is working with Provo Mining to ensure that the operation of the mine and the processing of fluorspar is set to start later this year, with mining permits and authorizations already completed. Ares plans to bring to market a responsibly extracted high-purity fluorspar to supply the steel, chemical and EV (electric vehicle) sectors with a domestic and sustainable product.

On February 08, 2024, 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."

On February 01, 2024, Ares Strategic Mining Ltd. 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, hydrofluoric acid, aluminum, electronics, lithium-ion battery and refrigeration industries. This high-end industrial product requires a fluorspar purity of 97-plus per cent, which the new plant will provide. Acidspar sells for a premium in the fluorspar market due to the vast number of industrial applications. The product composes over two-thirds of the United States' fluorspar market and is currently 100 per cent imported from countries outside the United States.

On January 09, 2024, Ares Strategic Mining Inc. has entered into an agreement with Provo Mining & Construction Inc. to prepare Ares's permitted mine site for producing fluorspar feed for its anticipated fluorspar production operation. Highlights:

• Ares and Provo will commence drilling at Ares's permitted mine site to provide the data for the mine work design and installations.
• A ramp installation is being planned, with offshoot adits, to intersect several fluorspar pipes.
• The mined product will provide feed for the lump plant currently under construction at Ares's processing site.
• Provo Mining will provide mining services to extract fluorspar mineralization for the Ares processing facility.
• The completion of the mine work is planned to coincide with the completion of the lump construction.

James Walker, chief executive officer and president of the company, said: "All the components to launch our operation are lining up. The project is now well financed, has professional and experienced teams working on both the mine and the processing site, while we also scale up our manufacturing capability with new and advanced equipment. We are looking forward to keeping our shareholders updated with our progress during this very busy period of development for our company and project."

On December 22, 2023, Ares Strategic Mining Inc. has now raised all the necessary funds to construct a dual product-producing processing operation, able to manufacture both fluorspar lumps and acidspar.

The company plans to start work at the mine site, work that is intended to run alongside the construction work being completed at its Delta processing site. The concurrent activity has been planned so the new plants will have a consistent supply of ore for when the first plant is operational and ready to produce product. The company has the funds necessary to initiate the work and plans to start early in 2024. For the balance of costs, Ares intends to work with Moneta Advisory Partners to finance the balance of the costs to complete the mine works. Moneta will receive a monthly fee in the amount of $10,000 for each month, payable in equity. The Equity Work fee will be paid quarterly in common shares valued using a volume-weighted average price based on the five last days of the preceding quarter.

On December 22, 2023, Ares Strategic Mining Inc. has closed a State of Utah backed financing of over $14-million 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 intends to use the proceeds for to build its second and larger plant - a flotation facility designed to produce acidspar. 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, hydrofluoric acid, aluminum, electronics, li-ion battery, and refrigeration industries. This high-end industrial product requires a fluorspar purity of 97%+, which the new plant will provide. Acidspar sells for a premium in the fluorspar market due to the vast number of industrial applications. The product composes over two-thirds of the United States' fluorspar market and is currently 100% imported from countries outside the United States.

On December 15, 2023, Further to its news release dated April 19, 2022, Ares Strategic Mining Inc.'s wholly owned Utah subsidiary, borrowed the aggregate sum of $9.5-million (U.S.) (the bond proceeds) from Millard county, Utah, pursuant to a $10-million (U.S.) tax-exempt manufacturing facility revenue bond (the Series 2023A bond), a $500,000 (U.S.) taxable manufacturing facility revenue bond (the Series 2023B bond, and, together with the Series 2023A bond, the bonds) created and issued by Millard county. The principal sum of the bonds to be repaid by Ares Utah is $10.5-million (U.S.), which obligations were evidenced by promissory notes issued by Ares Utah.

The proceeds from the bonds will be used by Ares Utah to acquire, construct and develop a processing facility on the company's Lost Sheet fluorspar project located in Delta, Millard county, Utah.

On December 07, 2023, Ares Strategic Mining Inc. 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 (British Columbia) as of Dec. 6, 2023. The continuance was approved by a special resolution of shareholders at the company's annual general and special meeting held on Nov. 23, 2022. No action will be required by existing shareholders with respect to the continuance.

On November 03, 2023, Ares Strategic Mining Inc. has updated its corporate media as part of its wider on-line marketing strategy. The company's marketing strategy aims to provide (1) content-rich updates to existing shareholders, and (2) further insight into the Ares opportunity to potential investors.

Ares's new website can be viewed on-line and includes new information such as a frequently asked question (FAQ) section and a company timeline. An updated investor presentation has also been published, which can be found on Ares's website. In addition, new corporate videos are being made available on the company's YouTube channel. This channel will continue to be the primary host for all future video company updates, with all other social channels continuing to feature company updates as deemed appropriate by the company's marketing team.

James Walker, chief executive officer and president of the company, said: "Our marketing team has been working very hard to keep our valued shareholders updated, and to attract new investors ahead of our planned production at the Lost Sheep fluorspar mine in Delta, Utah. Our marketing strategy will make searching on-line for information on Ares and fluorspar easier. It will also help to make the Ares opportunity more prominent to potential investors."

On November 03, 2023, Ares Strategic Mining Inc. announced that the Company has updated its corporate media as part of its wider online marketing strategy. The Company’s marketing strategy aims to provide (1) content-rich updates to existing shareholders, and (2) 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 (FAQ) section and a Company Timeline.

October 10, 2023, ARES Strategic Mining Contracts Completes Construction and Commissioning Permitting Process

• ARES completes change of work permitting
• ARES receives city planning approval to complete plant construction and commissioning.

https://www.aresmining.com/post/ares-strategic-mining-contracts-completes-construction-and-commissioning-permitting-process

September 26, 2023, ARES Mining has completed its spinout, Enyo Strategic Mining Inc., for which all ARES Strategic Mining Inc. shareholders will receive dividend Enyo shares.

https://www.aresmining.com/post/enyo-shares-corporate-updateclaiming-spinout-enyo-strategic-mining-inc-shares

September 15, 2023, ARES Mining Announces ARES’ plan of arrangement, including the spinoff of its wholly owned subsidiary, Enyo Strategic Mining Inc., has closed.The Arrangement included a transfer of ARES’ ownership and rights in and to the Liard property and Vanadium Ridge property located in British Columbia, Canada to Enyo in consideration of 13,900,065 common shares of Enyo.

https://www.aresmining.com/post/ares-strategic-mining-announces-closing-of-plan-of-arrangement

September 14, 2023, ARES Mining Contracts SFC Tec for Plant Construction & Commissioning. SFC Tec have already started site preparation work, equipment assembly, and permitting upgrades.

https://www.aresmining.com/post/ares-mining-contracts-sfc-tec-for-plant-construction-commissioning

  Disclaimer

Copyright (c) 2000 - 2024 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印