Ares Strategic Mining Completes Secondary Ventilation System at its Mine, Clearing Path for Industrial-Scale Mining
Ares Strategic Mining Completes Secondary Ventilation System at its Mine,
Clearing Path for Industrial-Scale Mining
Vancouver, B.C., 3rd November 2025 – Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA:
N8I1) is pleased to announce the successful completion and activation of its secondary
underground ventilation system at the Lost Sheep Fluorspar Mine in Juab County, Utah. This
achievement marks the final regulatory and operational milestone required to commence
industrial-scale mining operations in full compliance with Mine Safety and Health Administration
(MSHA) standards.
The secondary ventilation system has been engineered, installed, and tested to provide
continuous, high-volume airflow to active underground work areas, ensuring a safe and
compliant operating environment for personnel and equipment.
Major Infrastructure Milestone Completed
As part of Ares’ strategic ramp-up to full-scale production, the newly completed secondary
ventilation system includes:
A 75-horsepower, 30-inch diameter fan generating a minimum of 30,000 cubic feet per
minute (CFM) of fresh airflow
Custom-built by ABC Ventilation Systems, the fan was installed along a dedicated
ventilation raise that also serves as a second egress pathway, meeting MSHA’s
redundancy and safety requirements
Designed and implemented by Provo Mining & Construction (PMC), with future airflow
expansion plans integrated as mining activities deepen and advance
The ventilation system marked with BLUE provides the secondary air pathway and escape
route which facilitates meeting regulatory conditions to mine
This development finalizes all critical underground infrastructure required to move into
continuous mining operations at scale. James Walker, CEO of Ares Strategic Mining, commented
“the completion of the ventilation system marks a turning point for Ares. With this vital
infrastructure now in place and MSHA standards fully met, our teams are greenlit to ramp up to
full-scale, continuous mining. This is the final step before true production begins—and it brings us
closer than ever to generating consistent revenue as America’s only fluorspar producer.”
Positioned for Production and Growth
This development builds upon months of construction and underground advancement, including:
The completion of spiral decline development and ore access drifts
The mobilization of full mining equipment fleets, including loaders, articulated trucks, and
jumbo drills
The construction and commissioning of surface processing infrastructure (Lumps Plant)
With the ventilation system online, the Company is now cleared to begin ore extraction at
industrial levels, supporting near-term stockpiling and processing targets.
Strategic Importance of Fluorspar
Fluorspar is a U.S.-designated critical mineral, vital to the production of:
Aluminum and steel
Lithium-ion batteries and fluoropolymers
Hydrofluoric acid and nuclear fuel production
Ares’ Lost Sheep Mine is currently the only permitted and operational fluorspar mine in the
United States, placing the Company in a unique position to support North American industrial
supply chains and reduce dependence on foreign sources.
Ares is also pleased to announce that the Company has agreed to the settlement of an aggregate
of $64,901.13 of debt incurred by the Company for accounting and financial services provided by
Viktoriya Griffin, Prospero, and Craven Capital. The Company issued an aggregate of 150,933
common shares at a deemed price of $0.43 per Share,
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 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 LTD.
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.