Ares Strategic Mining Inc. announces that it entered into a binding letter of offer with a court-appointed monitor to acquire certain mineral resources entities pursuant to proceedings initiated by the Target Entities under the Companies' Creditors Arrangement Act. The financial terms of the CCAA Acquisition are subject to a sealing order of the court administering the CCAA Proceedings. Closing of the CCAA Acquisition was [...]
Ares Strategic Mining Inc.is pleased to announce that, further to its news release dated September 27, 2022, it has entered into an arrangement agreement with its wholly-owned subsidiary, Enyo Strategic Mining Inc. , pursuant to which the Company intends to: transfer all of its right, title and interest in and to its Liard property and Vanadium Ridge property located in British Columbia, Canada, and spin-out all of the [...]
Ares Strategic Mining Inc. is pleased to announce its intention to spin out its Liard Property and its Vanadium Property into a recently incorporated, wholly-owned subsidiary named Enyo Strategic Mining Inc. The Vanadium Property denotes all of Ares' right, title and interest in and to twenty mineral claims totaling 2,110.47 hectares located near Barriere, British Columbia . The Liard Property denotes all of Ares' right [...]
Ares Strategic Mining Inc. is pleased to announce the approval of $4,920,000 USD financing from the U.S. Department of Agriculture under its Business and Industry Guaranteed Loan Program. The B&I program is deployed by the Federal Government to promote rural development and higher paying wages. The Company arranged this non-dilutive financing to exclusively develop the Company's manufacturing operation at its processing [...]
The plant will be the first of its kind in North America. Once operational the plant will produce the only domestic supply of fluorspar in the US. Plant optimization expertise supplied by international fluorspar producers. Product predominantly anticipated to fuel the steel industry. Significant interest expressed in Ares' anticipated products by international and domestic manufacturers. Vancouver, July 11th, 2022 - [...]
Ares Strategic Mining Inc. is pleased to announce that the Company has concluded negotiations and signed a purchase agreement for a 50-acre, industrially zoned, manufacturing site, for its upcoming fluorspar processing operation. The property is located in Delta, Utah, the closest city to the Company's fluorspar mine and claims. The new property is already fitted with utilities, and possesses its own water well, reducing [...]
Ares Strategic Mining Inc. is pleased to announce the appointment of Paul Sarjeant as its new Vice President of Exploration for both its US and Canadian exploration and mining projects. Paul is a registered professional geoscientist, who brings significant technical and leadership experience to the role and Company. Paul began his career in 1984 with Echo Bay Mines, obtaining more experienced positions of responsibility [...]
Ares Strategic Mining Inc., is pleased to announce that the Company has completed airborne radiometric and magnetic geophysical surveys and a gravity survey over the entire Spor Mountain range, near Delta, Utah. Results of the surveys have provided the Company with a significant increase in the number of potential fluorspar targets across the entire district. Wright Geophysics processed all the raw data for both the [...]
Company ships Plant and Building steel and related infrastructure. Ares has been securing land and buildings to house expanded processing operation. Equipment to ship directly to new site. Steel structures and equipment will be integrated with Ares' Lumps Plant. Ares' partners will accompany the steel and equipment to site to assist with installation. Vancouver, May 17th, 2022 - Ares Strategic Mining Inc. , is pleased to [...]
Ares Strategic Mining Inc. is very pleased to announce that after the Company's submission to the Private Activity Bond Program, established by Utah State to support new manufacturing enterprises, the Company was granted the maximum manufacturing bond allocation available through the program. The Private Activity Bond Program is Utah's tax-exempt bonding authority creating a lower cost, long-term source of capital under [...]
Ares Strategic Mining Inc. is pleased to provide excerpts from a White House Press Office Release on Feb 22, 2022, regarding the Biden Administration's commitment towards Securing a Made in America Supply Chain for Critical Minerals, and how this potentially applies to Ares' fluorspar mine in Utah. Why This Is Important to Ares Fluorspar is classified as a critical mineral by U.S. Homeland Security because 100% of global [...]
Ares Strategic Mining Inc. is pleased to announce that the Company's metallurgical lumps plant has arrived at is industrial site in Delta. The plant is a large 3-storey facility, which will be the only one of its kind in North America. The plant was shipped from Asia and was routed through Long Beach. Ares' strategic partner in Asia, the Mujim Group, has committed to provide labor and expertise for the installation and [...]
