Ares Strategic Mining Completes Rail Spur Construction, Opening Delivery Access Across the Country
Ares Strategic Mining Completes Rail Spur Construction,
Opening Delivery Access Across the Country
• Ares signs lease agreement with Union Pacific.
• Design work and construction completed.
• Rail spur opens delivery routes to ship products across North America.
• Large U.S. industrial base requiring Ares products can now receive large bulk shipments.
Vancouver, B.C. April 25th, 2023 — Ares Strategic Mining Inc. (“Ares” or the “Company”) (TSXV:
ARS) (OTC:ARSMF) (FRA: N8I1), is very pleased to announce it has completed development and
construction work on its Millard County rail spur, opening up the United States and North
America for delivery of the Company’s future industrial products.
Ares has completed structural design, mechanical design, electrical design, stormwater lift
station design, loading/unloading facility design, and design of spill containment . The track
concept design submission and the final track design plan were submitted to Union Pacific
Railroad (UPRR) for review and received approval. Following approval track work was completed
at the Company’s Lynndyl site, north of its new industrial site in Delta, Utah.
Rail Spur Schematic Layout
James Walker, President and CEO of the Company said, “The Company and its team are extremely
pleased to have the rail spur work completed, we now have a less expensive way of shipping
large orders anywhere in North America. Union Pacific can transport any quantity of product the
company is able to produce, with regular pickups of railcars available, and a great track record of
timely delivery. Combined with our new industrial site and the processing facility currently under
build, we are establishing an efficient and streamlined future operation.”
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.
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 Mike Gates – 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 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.