Ares Strategic Mining Announces Flotation Plant Arrival at Its Utah Site
Ares Strategic Mining Announces Flotation Plant Arrival at
Its Utah Site
• The plant will be the only operation of its kind in the U.S., capable of
manufacturing acidspar.
• Once operational, it will supply critical industries including chemicals, aluminum
production, HF, uranium enrichment, lithium-ion batteries, and electronics.
• Plant optimization expertise supplied by international fluorspar producers.
• Significant interest expressed in Ares’ anticipated products by international and
domestic manufacturers.
Vancouver, B.C., December 12, 2024 – Ares Strategic Mining Inc. (the “Company”) (CSE: ARS)
(OTC: ARSMF) (FRA: N8I1) 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 United
States, 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 Strategic Mining to produce acidspar, a critical material used
across multiple industries. This includes applications in chemical production, aluminum
manufacturing, hydrofluoric acid (HF), uranium enrichment, lithium-ion batteries, and advanced
electronics. This facility is expected to fill a significant gap in the U.S. market, reducing reliance
on foreign imports for these essential materials.
This week, components of the flotation plant are being offloaded for assembly after the
completion of the lumps plant. The Ares team and our partners have been on site unloading and
sorting through dozens of containers and hundreds of pieces of equipment.
Ares’ strategic partner, who is already involved in the manufacture of acidspar, has committed
to provide labor and expertise for the installation and optimization of the plant. Ares’ partners
have successfully commissioned several fluorspar mining operations in Asia, including in Thailand
and Laos. The partners include Ares Director, Mr. Bob Li, who will oversee the installation and
initial production phases and will serve as the Chief Technology Officer for the plant
commissioning process.
Meeting Critical Industrial Demand
International and domestic manufacturers have expressed significant interest in Ares’ anticipated
acidspar products, with discussions underway to establish long -term supply contracts. The
acidspar produced at the Utah facility is expected to supply industries critical to the U.S.
economy, ensuring a stable and secure domestic supply chain.
James Walker, President and CEO of the Company, stated: “The arrival of our flotation plant
marks a historic moment for Ares and the U.S. fluorspar industry. This facility will not only
establish a secure domestic supply of acidspar but also support key industries vital to the nation’s
technological and industrial future. We are coordinating mining, processing, and infrastructure
development alongside the anticipated release of U.S. government grants allocated for our
project. Local support has been overwhelming, with nearby operations offering assistance in
power supply, land access, and transportation infrastructure. Our long-term vision is to expand
our operations, and this flotation plant will be the cornerstone o f our growth. Ares is poised to
become an essential part of the U.S. industrial landscape, contributing to national self-sufficiency
and industrial innovation.”
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 b ecome 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 BLM1
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 email at [email protected]
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 operatin g 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 curren t 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 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 for ward-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.