Ares Strategic Mining is pleased to announce that it has closed the first tranche of its previously announced offering of units 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 at a price of $0.18 per Unit pursuant to the listed issuer financing exemption under Part 5A of [...]
Ares Strategic Mining Inc. is pleased to announce a non-brokered private placement offering consisting of a minimum of 2,777,778 units of the Company and a maximum of 11,666,667 Units at a price of $0.18 per Unit for gross proceeds of a minimum of $500,000 and a maximum of $2,100,000 . Each Unit shall consist of one common share in the capital of the Company and one common share purchase warrant . Each Warrant will [...]
Ares begins preparations to install a ventilation system to allow for mining activities to commence. The mined product will provide feed for the lumps plant currently under construction at Ares' processing site. The completion of the mine installations is planned to coincide with the completion of the lump's construction and provide first revenue for Ares. Vancouver - Ares Strategic Mining Inc. , is pleased to announce [...]
Vancouver, June 18, 2024 - Ares Strategic Mining Inc. wishes to announce that, further to its news release dated May 10, 2024, it 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 $0.18 per Unit for gross proceeds of a minimum of $1,000,000 and [...]
Ramp closes on fluorspar mineralization zones. The ramp installation clears clay deposits, June 10th, 2024 - Ares Strategic Mining Inc. , is pleased to announce the Company has accelerated its mineworks installations, bringing the Company closer to its first mining activities at an industrial scale for the first time at the Spor Mountain district. As earth works continue, with site clearance, equipment and worker [...]
Ares Strategic Mining Inc. is pleased to announce that it has closed the second tranche of its previously announced offering of units by issuing 5,537,277 Units at a price of $0.18 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 $0.18 per Unit pursuant to [...]
Ares Strategic Mining is pleased to announce that, further to its 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 $0.18 per Unit pursuant to the listed issuer financing exemption for gross proceeds of a minimum of $1,000,000 and a maximum of $4,000,000, it has closed the first tranche of [...]
Ares Strategic Mining is pleased to announce 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 $0.18 per Unit for gross proceeds of a minimum of $1,000,000 and a maximum of $4,000,000. Each Unit shall consist of one common share in the capital of the Company and one common share purchase warrant . Each Warrant will entitle [...]
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 [...]
