Ares Strategic Mining Awarded Multi-Year Pentagon Contract with Estimated Initial Award Value of ~$169M and Potential Task Orders Up to $250M Over Five Years
Ares Strategic Mining Awarded Multi-Year Pentagon Contract with Estimated
Initial
Award
Value
of
~$169M
and
Potential
Task
Orders
Up
to
$250M
Over
Five
Years
Vancouver,
B.C.,
20
th
January
2026
–
In
a
major
development
for
the
U.S.
critical
minerals
industry,
Ares
Strategic
Mining
Inc.
(CSE:
ARS)
(OTC:
ARSMF)
(FRA:
N8I1)
has
been
officially
awarded
a
$168,938,267.30
contract
by
the
U.S.
Department
of
Defense
(DoD)
through
the
Defense
Logistics
Agency
(DLA)
–
a
significant
initiative
to
help
strengthen
America’s
domestic
manufacturing
and
supply
base
and
support
the
rebuilding
of
U.S.
strategic
mineral
stockpiles.
The award is part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) agreement, with a
total
contract
ceiling
of
up
to
$250
million.
“This
is
the
kind
of
contract
that
transforms
companies,
and
secures
the
future
of
U.S.
industry,”
said
James
Walker,
CEO
of
Ares
Strategic
Mining.
“We’re
not
just
producing
fluorspar;
we’re
helping
build
a
more
resilient
and
secure
domestic
supply
chain
for
critical
minerals.”
This award represents a major milestone for Ares and further strengthens the Company’s
positioning
as
a
strategic
domestic
supplier
of
acid-grade
fluorspar,
a
U.S.
designated
critical
mineral
essential
to
defense
readiness,
industrial
manufacturing,
clean
energy
supply
chains,
and
high-tech
applications.
Contract Highlights
●
Award
Value
Locked
In:
$168.9
million
●
Potential
Upside:
Up
to
$250
million
through
future
task
orders
●
Customer:
United
States
Department
of
Defense
●
Supplier:
Ares
Strategic
Mining
–
the
only
U.S.
producer
of
acid-grade
fluorspar
●
Mission:
Support
replenishment
of
government
stockpiles
of
strategic
and
critical
minerals
This contract establishes Ares as a sole-source domestic supplier of acidspar to the U.S.
government
–
and
the
only
U.S.-based
operation
positioned
to
deliver
this
critical
mineral
supply
at
scale.
Strategic National Significance and A Major Step Forward for Domestic Critical Mineral
Independence
Acid-grade fluorspar (“acidspar”) is a vital input used in the production of hydrofluoric acid and
fluorine-based
materials,
supporting
industries
including:
●
Defense
systems
&
missile
tech
●
Steel
&
aluminum
production
●
Fluorochemical
manufacturing
●
Semiconductors,
batteries,
and
next-gen
electronics
●
National
defense-related
supply
chain
resilience
The United States has historically been 100% import-dependent for fluorspar, making the
establishment
of
a
domestic
supply
chain
a
critical
national
priority.
This
award
marks
a
turning
point.
It
not
only
validates
the
national
importance
of
Ares’
Utah-based
Lost
Sheep
Project,
but
also
positions
the
Company
at
the
heart
of
America’s
effort
to
build
a
robust
domestic
sourcing
network
to
ensure
long-term
self-sufficiency.
With this award, Ares is positioned to support the U.S. government’s mission to invest in a more
resilient
and
secure
national
supply
chain
and
promote
long-term
growth
by
prioritizing
domestic
sourcing
of
critical
minerals.
James
Walker
added
that,
“This
award
reflects
the
U.S.
government’s
commitment
to
revitalizing
a
long-neglected
critical
mineral
supply
chain.
We
are
proud
to
support
the
U.S.
government’s
strategic
material
reserves
by
supplying
domestically
sourced,
high-grade
acidspar.
This
contract
confirms
our
leadership
in
rebuilding
U.S.
critical
mineral
capability
and
ensures
our
products
directly
contribute
to
national
resilience,
industrial
strength,
and
long-term
security.
We
are
now
a
partner
in
America’s
strategic
future.”
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 LTD.
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
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.