Ares Strategic Mining Accelerates Mining and Construction at Mining Operation
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
$11
million
in
funding,
which
is
driving
the
accelerated
pace
of
development
and
positioning
the
Company
for
near-term
production.
Vancouver,
B.C.,
16
th
June
2025
–
Ares
Strategic
Mining
Inc.
(the
“Company”)
(CSE:
ARS)
(OTC:
ARSMF)
(FRA:
N8I1)
is
excited
to
announce
the
active
ramp-up
of
operations
at
its
Lost
Sheep
Fluorspar
Project
in
Utah,
with
development
partner
Provo
Mining
and
their
expert
team
now
on
site
and
working.
Construction
crews
have
returned,
equipment
is
mobilized,
and
physical
work
has
already
commenced
to
prepare
the
mine
and
processing
plant
for
full-scale
operations.
The
current
work
will
focus
on
completing
plant
construction
for
both
the
metallurgical
lumps
plant
and
the
flotation
plant
and
completing
the
secondary
ventilation
system
for
the
underground
mining
and
pulling.
This
will
be
followed
by
mining.
Underground Equipment Resume Underground Development
This marks a major milestone for Ares as it enters the next phase of its strategic plan to become
the
only
domestic
producer
of
fluorspar
in
the
United
States,
a
critical
mineral
essential
to
industries
ranging
from
steelmaking
and
aluminum
to
lithium
batteries
and
nuclear
energy.
With
fluorspar
designated
as
a
critical
mineral
by
the
U.S.
government,
this
operational
resurgence
is
perfectly
timed
with
growing
national
and
industrial
demand.
Crews Returning to Operations
The Company is pleased to confirm that construction of its processing plant has now officially
restarted,
with
foundational,
mechanical,
and
electrical
work
progressing
rapidly.
Ares
has
begun
the
build-up
of
mining
and
plant
personnel,
with
additional
teams
scheduled
to
arrive
over
the
coming
weeks.
All
developments
are
aligned
with
the
Company’s
production
timeline,
targeting
near-term
operations
and
revenue
generation.
Anticipated Roadmap to Production
A Bold Step Toward Production and Cash Flow
With all required permits in place, infrastructure development accelerating, and a recently
secured
$11
million
in
funding,
Ares
is
now
fully
capitalized
to
advance
its
project
into
production.
This
significant
financial
backing
is
directly
powering
the
renewed
momentum
on-site,
enabling
the
Company
to
scale
up
construction,
expand
crews,
and
fast-track
the
development
of
its
processing
plant.
Ares
is
now
in
its
strongest
position
to
date,
moving
decisively
from
planning
to
execution
and
unlocking
the
full
value
of
its
unique
critical
mineral
asset.
James Walker, President and CEO of Ares Strategic Mining, stated: “This is a momentous step
forward
for
Ares.
The
return
of
Provo
Mining
to
site,
the
mobilization
of
crews,
and
the
recommencement
of
construction
activities
mark
the
beginning
of
our
transformation
from
explorer
to
producer.
With
strong
market
fundamentals,
increasing
global
demand
for
fluorspar,
and
a
facility
being
readied
for
production,
we
are
closer
than
ever
to
becoming
a
leading
U.S.
critical
mineral
supplier.”
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.
Site Works at the Delta, Utah Processing Facilities
The Company anticipates further updates in the coming weeks as site activities accelerate and
milestones
are
achieved.
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.
About Ares Strategic Mining
Ares Strategic Mining Inc. is a mining company focused on the development of its fluorspar
projects
in
the
U.S.
The
Company
aims
to
become
a
significant
supplier
of
high-grade
fluorspar
to
North
American
markets,
supporting
industries
vital
to
modern
technology
and
infrastructure.
Lost Sheep Fluorspar Project – Delta, Utah
•
100%
owned
–
5,982
acres
–
353
Claims
•
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
BLM
1
First
approved
by
Rex
Rowley
–
Area
Manager,
Bureau
of
Land
Management
–
24th
August
1992.
Renewed
by
Paul
B.
Baker
–
Minerals
Program
Manager,
Bureau
of
Land
Management
–
12th
December
2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC..
James
Walker
Chief
Executive
Officer
and
President
For
further
information,
please
contact
James
Walker
by
at
DISCLOSURE
AND
FORWARD-LOOKING
STATEMENTS:
Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the
risks
and
uncertainties
associated
with
a
production
decision.
Historically,
situations
where
the
issuer
decides
to
put
a
mineral
project
into
production
without
first
establishing
mineral
reserves
supported
by
a
technical
report
and
completing
a
feasibility
study
have
a
higher
risk
of
economic
or
technical
failure,
though
some
industrial
mineral
ventures
are
relatively
simple
operations
with
low
levels
of
investment
and
risk,
where
the
operating
entity
has
determined
that
a
formal
prefeasibility
or
feasibility
study
in
conformance
with
NI
43-101
and
43-101
CP
is
not
required
for
a
production
decision.
Based
on
historical
engineering
work,
geological
reports,
historical
production
data
and
current
engineering
work
completed
or
in
the
process
by
Ares,
the
Company
intends
to
move
forward
with
the
development
of
its
Utah
asset.
Certain information in this news release may contain forward-looking statements that involve substantial
known
and
unknown
risks
and
uncertainties.
Forward-looking
statements
are
often
identified
by
terms
such
as
“will”,
“may”,
“should”,
“anticipate”,
“expects”
and
similar
expressions.
All
statements
other
than
statements
of
historical
fact
included
in
this
news
release
are
forward-looking
statements
that
involve
risks
and
uncertainties.
There
can
be
no
assurance
that
such
statements
will
prove
to
be
accurate
and
actual
results
and
future
events
could
differ
materially
from
those
anticipated
in
such
statements.
Important
factors
that
could
cause
actual
results
to
differ
materially
from
the
Company’s
expectations
include
the
failure
to
satisfy
the
conditions
of
the
relevant
securities
exchange(s)
and
other
risks
detailed
from
time
to
time
in
the
filings
made
by
the
Company
with
securities
regulations.
The
reader
is
cautioned
that
assumptions
used
in
the
preparation
of
any
forward-looking
information
may
prove
to
be
incorrect.
Events
or
circumstances
may
cause
actual
results
to
differ
materially
from
those
predicted,
as
a
result
of
1
numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the
control
of
the
Company.
The
reader
is
cautioned
not
to
place
undue
reliance
on
any
forward-looking
information.
Such
information,
although
considered
reasonable
by
management
at
the
time
of
preparation,
may
prove
to
be
incorrect
and
actual
results
may
differ
materially
from
those
anticipated.
Forward-looking
statements
contained
in
this
news
release
are
expressly
qualified
by
this
cautionary
statement.
The
forward-looking
statements
contained
in
this
news
release
are
made
as
of
the
date
of
this
news
release
and
the
Company
disclaims
any
intention
or
obligation
to
update
or
revise
such
information,
except
as
required
by
applicable
law.