Ares Strategic Mining Contracts Completes Construction and Commissioning Permitting Process
Ares Strategic Mining Contracts Completes
Construction and Commissioning Permitting Process
• Ares completes change of work permitting.
• Ares receives city planning approval to complete plant construction and commissioning.
Vancouver, B.C., October 10th, 2023 — Ares Strategic Mining Inc. (“Ares” or the “Company”) (CSE:
ARS) (OTC:ARSMF) (FRA: N8I1), is pleased to announce the Company has completed the planning
permission approval process, authorizing the company to fully construct and commission its
lumps manufacturing plant at its Delta City, Utah, industrial site.
Ares has designed and fabricated all the components of its new fluorspar plant and has now
cleared the permissions process to enable the company to complete the foundations, steel
erection, and the installation of the assembled plant. All components are already delivered, and
the team is already assembled to complete construction of the only plant of its kind in the United
States.
The approval is the culmination of a substantial amount of work completed by Ares in
collaboration with its Delta City partners and the local government. As part of the permitting
process, Ares will ensure it follows all its environmental management plans to create a safe and
environmentally concordant operation.
With its new plant, Ares is will aim to produce a high-grade fluorspar product, to the
specifications required by industry. Industrial manufacturers, both international and domestic,
have expressed considerable interest in the product. The lumps are expected to principally supply
the steel industries but will also feed into the ceramics and glass industries.
James Walker, CEO and President of the Company, said, “All the components to launch our
operation are lining up. We have obtained enormous support locally, with nearby operations
even offering to assist us to support our operation. We are getting closer to being part of the U.S.
industrial landscape. We have an excellent team in Utah ready to push this project forward and
provide value to our Ares shareholders.”
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.