Ares Strategic Mining Inc. is pleased to announce the issuance of common stock for services rendered to the Company by various arm's length parties , as part of the anticipated ramp-up for Ares' Utah operations. As part of arrangements being made to accelerate development of the Company, Ares plans to issue an aggregate of 4,809,413 common shares of the Company at a deemed price of CAD $0.20 per share to settle [...]
Ares Strategic Mining is pleased to announce a significant increase in institutional investment from UK-based investment firm Sorbie Bornholm LP. This increased financial backing from Sorbie signals a deepening partnership and a resounding vote of confidence in Ares' strategy and long-term vision. Following Sorbie's initial equity investment announced in 2024, this enhanced commitment reinforces the investor's support for [...]
Ares Strategic Mining is pleased to announce the acquisition of key underground mining equipment as part of its ongoing preparations for the anticipated ramp-up of operations at its Utah site. The Company continues to take strategic steps to ensure it has the necessary infrastructure and machinery in place to move expeditiously towards full-scale mining activities in the coming months. To support its upcoming production [...]
Ares Strategic Mining is pleased to announce the issuance of common stock for services rendered to the Company by various arm's length and non-arm's length parties, as part of the anticipated ramp up for Ares' Utah operations. The Company plans to issue 295,887 common shares of the Company to settle approximately $42,418.56 owed to the various arm's length and non-arm's length parties. The Share Settlement is subject to [...]
Ares Strategic Mining is pleased to announce the settlement of consulting fees with MIB & S Partners and Roy EI Durr, further solidifying key strategic relationships that support the Company's growth and development that will be important for the planned launch of the operation in Utah. This strategic settlement underscores Ares' commitment to maintaining strong partnerships with industry leaders and experts who play a [...]
Ares Strategic Mining is pleased to announce the acquisition of the heavy mining equipment critical to the advancement of its flagship fluorspar project. As the owner of the only fluorspar mine in the US, Ares is well-positioned to support domestic industries with essential minerals used in nuclear energy, electronics, and other key sectors. This acquisition marks a significant step forward in the Company's strategy to [...]
Ares Strategic Mining is thrilled to announce its inclusion as a key subcontractor in one of six winning bids awarded by the U.S. Department of Energy . The $3.4 billion initiative is part of a national strategy to significantly expand the production capacity of Low Enriched Uranium, an essential component in powering the next generation of clean nuclear energy. Under this contract, Ares will supply and develop its [...]
Ares Strategic Mining is pleased to announce the arrival of its state-of-the-art flotation plant at the Company's industrial site in Delta, Utah. This facility will be the first of its kind in the US, representing a major milestone in domestic mineral processing and manufacturing. The plant was shipped from Asia, routed through Long Beach, California, and is now ready for installation. The flotation plant will enable Ares [...]
Ares Strategic Mining is pleased to announce that the Company 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 [...]
Ares Strategic Mining is pleased to announce that it has closed the second tranche of its previously announced offering of units by issuing 765,170 Units at a price of $0.18 per Unit, for aggregate gross proceeds of $137,730.60. On August 22, 2024, the Company announced a non-brokered private placement offering of Units at a price of $0.18 per Unit pursuant to the listed issuer financing exemption under Part 5A of [...]
Ares Strategic Mining is pleased to announce that the fabrication of its 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 2-storey structure, is [...]
Ares Strategic Mining is pleased to announce a significant equity investment from Sorbie Bornholm LP. 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 ongoing development of manufacturing capabilities and expand its capacity [...]
