ARES Strategic Mining Inc.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
Unit 1001 – 409 Granville Street Vancouver, BC Canada V6C 1T2 |
| Tel No.： | 604-345-1576 |
| Web Site： | www.aresmining.com |
| E-mail： | info@aresmining.com |
| Contact Person： | James Walker |
| Position： | CEO |
| Traded Market： | CSE | OTC | FRA |
| Traded Symbol： | ARS | ARSMF | N8I1 |
| Outstanding Shares： | ~198.58 million |
| 52 Week High： | $ 0.345 |
| 52 Week Low： | $ 0.125 |
| Present Price： | Click Here |
ARES Strategic Mining is a mining company that holds 100% interest in the only permitted fluorspar mine in the US– the Lost Sheep Fluorspar Project in western Utah. ARES' mission is to return fluorspar manufacturing to North America. The Company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.
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.
Lost Sheep Fluorspar Project, Delta, Utah, US
- 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
- Fully Permitted – including mining permits
- NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities
- Mining plan approved by Bureau of Land Management (BLM)
Lost Sheep Mine
The Lost Sheep Mine is a fluorspar mine in Utah, which contains extensive high-grade fluorspar with low levels of impurities. The mine and its associated facilities are currently under construction and the team is inching closer to production of metallurgical and acid-grade fluorspar, day by day.
Originally purchased by ARES in 2020, the Lost Sheep Mine is now fully permitted and financially backed by both the state of Utah and the US Federal government.
- ARES is months away from being a manufacturing company
- Mine ramp and tunnel system are now complete
- Construction of Lumps Plant months away from completion
- Flotation Plant fully paid for and steel fabrication for facility underway
- MOU concluded with Cremer Erzkontor North America, who will act as Sales Agent for all metspar from the Lost Sheep Mine
- The rare earth mineral gallium was found within the mine during an RC drill program
The Lost Sheep mine is geographically split across 2 areas: (1) the mine on Spor Mountain in Juab County, Utah and (2) the processing facilities located in Delta, the nearest town.
ARES' 50-acre industrial site in Delta will host two processing plants: a metallurgical lumps plant and a flotation plant.
The metallurgical lumps plant will produce industry-ready fluorspar "lumps" or briquettes for use in steel manufacturing and other industries.
The flotation plant will produce acidspar, a high-purity fluorspar product of 97%+ CaF2. The flotation process uses water and reagents to separate fluorspar from gangue minerals, creating a froth layer that can be collected, leaving the unwanted gangue behind. This results in a higher-grade product with improved recoveries.
ARES Accelerates Mining and Construction at Mining Operation
- ARES has ramped up operations at the Lost Sheep Fluorspar Project, with construction crews and equipment now active on site.
- Provo Mining and its team have officially returned, restarting mine development and plant construction and completing the underground ventilation system.
- Construction of the processing plant has resumed, with foundational, mechanical, and electrical work underway.
- The Company has begun building up personnel, with additional crews scheduled to join as site activities scale.
- ARES recently secured $11 million in funding, which is driving the accelerated pace of development and positioning the Company for near-term production. (See news release dated June 16, 2025)
Unlocking Value for Shareholders
ARES' return to site and construction restart comes at a time of intensifying global focus on domestic supply chains and strategic minerals. With near-term production potential, U.S.-based infrastructure, and a compelling growth trajectory, ARES is well-positioned to deliver long-term value to shareholders.
The Importance of Fluorspar and Gallium
Fluorspar is a versatile industrial mineral with applications in uranium enrichment, lithium-ion batteries, steel manufacturing, the chemical industry, cement production, water fluoridation, and aluminum production. In 2018, the U.S. government designated fluorspar as a Critical Mineral, recognizing its importance to national security and the economy. Notably, fluorspar is the only non-metallic Critical Mineral entirely imported into the U.S. Its classification accelerates permitting processes, enabling faster initiation of mining operations compared to conventional minerals.
Gallium, particularly in the form of gallium nitrate, is a cornerstone of the U.S. microchip industry. Gallium nitrate semiconductors are celebrated for their exceptional performance, offering faster charging, greater efficiency, and enhanced functionality in electronic devices.
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.
Raul Sanabria, Fluorspar Expert
Mr. Sanabria has over 20 years of international experience as an exploration and mine geologist in a variety of mineral deposits. He started his career working 5 years for MINERSA Group, the largest European Fluorspar Producer. He is currently President and director of Baroyeca Gold & Silver Inc. He was President and CEO of Condor Precious Metals Inc.
Tom Klaimanee, Corporate Secretary
Mr. Klaimanee has been working with the Company since 2010 and has a wealth of international and management experience. He provides administrative services to private and publically listed companies.
Dace Bratuskina, Administration Manager
Ms. Bratuskina has more than 17 years of expertise assisting executives and managers in many businesses. She has over twelve years of specialized experience in the mining sector, more specifically in the precious and basic metals sector.
On November 03, 2025, 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."
On October 21, 2025, Ares Strategic Mining Inc. has closed the second and final tranche of its previously announced offering of units by issuing 12,221,889 units at a price of 45 cents per unit for aggregate gross proceeds of $5,499,850.
On Oct. 10, 2025, the company announced a non-brokered private placement offering of units at a price of 45 cents per unit pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. On Oct. 17, 2025, in connection with the LIFE offering, the company filed an amended and restated offering document to amend the terms of the LIFE offering and offer up to 12,222,220 units at 45 cents per unit for gross proceeds of up to $5,499,999. To date, the company has raised an aggregate amount of $10,499,850.45 under the LIFE offering and amended LIFE offering.
On October 17, 2025, Ares Strategic Mining Inc. has closed the first tranche of its previously announced offering of units by issuing 11,111,112 units at a price of 45 cents per unit for aggregate gross proceeds of $5,000,000.40, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions.
Each unit shall consist of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of 55 cents per warrant share for a period of two years following the date of issuance.
On October 10, 2025, Ares Strategic Mining Inc. has arranged a non-brokered private placement offering of up to 22,222,222 units at a price of 45 cents per unit for gross proceeds of up to $10-million.
Each unit shall consist of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of 55 cents per warrant share for a period of two years following the closing date of the offering.
As disclosed in the offering document, the company intends to use the net proceeds from the offering for general and corporate working capital purposes, and repayment of outstanding debts. Finders' fees may be paid to eligible arm's-length persons with respect to certain subscriptions accepted by the company.
The offering is anticipated to close in one or more tranches, with the final tranche of the offering closing within 45 days from the date hereof. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the company's completion of its filing obligations under the policies of the Canadian Securities Exchange.
On September 16, 2025, Ares Strategic Mining Inc. had a promising breakthrough from its continuing materials analysis program in partnership with Iowa State University (ISU) and Ames National Laboratory. Early laboratory results have confirmed the presence of germanium (Ge), in addition to the previously discovered gallium (Ga) -- two highly strategic critical minerals -- within Ares' fluorspar ore samples from its Spor Mountain project in Utah.
Germanium (Ge) is vital for semiconductors, fibre optics, infrared optics and solar cells. It is extremely rare, with global production dominated by China.
Breakthrough elemental discovery : Under the guidance of professors at ISU, Ares submitted multiple batches of fluorite material for advanced analytical testing. Seven separate samples were finely ground and washed to remove surface impurities, with germanium (Ge) detected in two samples at concentrations of 0.15 per cent and 0.05 per cent (1,500 parts per million and 500 ppm), with low error margins of plus or minus 0.02 per cent and plus or minus 0.01 per cent, respectively, confirmed using inductively coupled plasma optical emission spectroscopy (ICP-OES).
James Walker, chief executive officer of Ares Strategic Mining, stated: "The presence of both germanium and gallium -- both critical minerals on the U.S. supply risk list -- within our fluorspar ores opens an exciting new strategic pathway for Ares. This breakthrough aligns with our broader vision to unlock additional critical mineral value from our deposits, further differentiating Ares as a leader in North America's mineral independence."
Next steps in strategic mineral development - With proof-of-concept testing complete, Ares will:
- Continue advanced laboratory characterization to quantify full germanium and gallium concentrations across additional batches;
- Investigate commercial pathways to extract and recover these materials alongside fluorspar;
- Evaluate potential economic co-products and vertical integration opportunities.
This initiative forms part of Ares' broader commitment to maximizing the value of its resource and contributing to domestic supply chain resiliency for critical materials in the United States.
On September 11, 2025, Ares Strategic Mining Inc. has provided a major construction update on the company's Lumps plant being built at its fluorspar project in Utah. This marks a major milestone in the development of the only domestic fluorspar processing operation in the United States.
Construction progress: from foundations to framework
Following months of mobilization and site preparation, construction of the Lumps plant has reached an advanced stage:
- All concrete foundations and pads have been poured and completed.
- Steel frame structures are being erected across multiple areas of the plant.
- Major vessels have been fabricated and welded into place, forming part of the plant's core processing infrastructure.
- Conveyor systems are being assembled and mounted, with visible segments installed across the site.
- Additional structural supports are being bolted into position to accommodate heavy mechanical systems.
James Walker, chief executive officer of Ares Strategic Mining, commented: "This is a pivotal moment in our construction timeline. With the plant now physically taking shape, we are progressing from concept to reality. Every welded beam and poured foundation brings us one step closer to production. We remain firmly on track to become the first fluorspar producer in the country."
On July 31, 2025, Ares Strategic Mining Inc. has initiated a collaborative research program with Iowa State University and the Ames National Laboratory, aimed at unlocking the potential of gallium extraction from the company's fluorspar ores sourced from its Spor Mountain project in Utah.
James Walker, chief executive officer of Ares Strategic Mining, stated: "This collaboration positions Ares at the forefront of critical mineral innovation. Our ability to tap into domestic gallium supplies could provide enormous strategic value, particularly as global markets face increasing pressure to secure non-Chinese sources of this vital material. We're proud to work with leading U.S. research institutions to explore this transformative opportunity."
All work will be conducted under ISU's safety protocols at its specialized research facilities. Preliminary results from ISU have already indicated the presence of gallium and the feasibility of the extraction process from Ares's fluorspar material.
On July 08, 2025, Ares Strategic Mining Inc. has received an increase in cash through its sharing agreements with Sorbie Bornholm LP, providing valuable growth capital without issuing a single new share -- ensuring no dilution for existing shareholders.
In the latest monthly settlement:
- Plus 12-per-cent cash gain from sharing agreement 1;
- Plus 31-per-cent cash gain from sharing agreement 2.
This funding milestone further strengthens Ares's financial position as it advances development of its Lost Sheep fluorspar project, the only fluorspar mine in the United States. With $11-million in government support recently secured and solid backing from strategic partners like Sorbie Bornholm, Ares is well on track to become the United States' sole domestic producer of fluorspar -- a critical mineral essential to steelmaking, clean energy technologies, semiconductors and advanced manufacturing.
James Walker, president and chief executive officer of Ares Strategic Mining, commented: "This non-dilutive funding reflects the confidence our partners have in Ares's vision and strategy. Our strengthened cash position allows us to accelerate site development, plant construction and mine advancement while preserving shareholder value. We're proud to be delivering real progress toward securing a domestic source of this vital mineral."
On July 07, 2025, Ares Strategic Mining Inc. has provided an operational update on the continuing development of its Lost Sheep fluorspar project in Utah following the successful recommencement of mining and construction activities announced earlier this year.
Since mobilizing Provo Mining and construction crews back to site, the Company has made significant progress advancing both mining operations and plant construction. The assembled plant components are now being systematically staged and readied for final assembly. Structural, mechanical and electrical teams are actively preparing the site for the installation of key plant systems, positioning the project on track for completion of this critical infrastructure.
On the mining front, the company's experienced teams have made outstanding headway in accessing high-grade fluorspar ore. Early indications suggest that the miners will be able to begin stockpiling fluorspar on surface for processing within the next two months. This marks a major milestone toward transitioning from development to production, bringing Ares closer to generating cash flow.
To ensure the plant is optimized to process the unique characteristics of Ares's ore, the company is bringing in a team of plant and machinery specialists. These experts will work alongside the construction and operations teams to fine-tune the plant configuration, ensuring peak efficiency, maximum recovery and consistent high-quality output once operations begin.
James Walker, president and chief executive officer of Ares Strategic Mining, commented: "We are delighted with the rapid progress being made on site. The teams are advancing ahead of expectations, and we are particularly excited at the prospect of beginning fluorspar stockpiling in the near term. Bringing in plant optimization experts further reinforces our commitment to deliver a highly efficient and productive operation that will establish Ares as the only domestic supplier of this critical mineral."
June 16, 2025, ARES Strategic Mining Accelerates Mining and Construction at Mining Operation
Ares has ramped up operations at its Lost Sheep Fluorspar Project in Utah, with construction crews and equipment now active on site.
Provo Mining and its team have officially returned, restarting mine development and plant construction and completing the underground ventilation system.
Construction of the processing plant has resumed, with foundational, mechanical, and electrical work underway.
The Company has begun building up personnel, with additional crews scheduled to join as site activities scale.
Ares recently secured US$11 million in funding, which is driving the accelerated pace of development and positioning the Company for near-term production.
June 10, 2025, ARES Strategic Mining Purchases Equipment and Makes Arrangements as Part of Utah Operation Ramp Up
June 2, 2025, ARES Strategic Mining Secures Major State Funding of $11,000,000 USD to Accelerate Production Ramp-Up