Ares Strategic Mining Contracts SFC Tec to Complete Processing Plant Construction and Commissioning
Ares Strategic Mining Contracts SFC Tec
to Complete Processing Plant Construction and Commissioning
• SFC Tec are an experienced local welding and steel fabricating business, with extensive
commercial infrastructure installation experience.
• SFC is a local company able to design, fabricate, and erect the plant and building
efficiently, while minimizing the total project time and cost.
• SFC Tec have already started site preparation work, equipment assembly, and
permitting upgrades.
Vancouver, B.C., September 14th, 2023 — Ares Strategic Mining Inc. (“Ares” or the “Company”)
(CSE: ARS) (OTC:ARSMF) (FRA: N8I1), is pleased to announce the Company has contracted the
services of SFC Tec, a company specializing in commercial installations, fabricating and installing
infrastructure and steel buildings, and welding and assembly construction.
SFC Tec is a local business, able to provide Ares with the best possible value by drawing from
personnel within the local community to prepare, install, and construct the Ares plant. SFC is able
to fabricate buildings with large spans with dimensions customized to fit your equipment and
storage needs. Because our buildings are 100% designed and built in Utah, we can design,
fabricate, and erect the building efficiently and minimize the total project time. We can also ship
building packages that are ready to erect and assemble.
SFC Tec have begun site preparation, identifying the area best able to accommodate the plant,
clearing and leveling the terrain, preparing the site plan and the new plant’s steel for erection to
house the new facility. Ares is now working with the city to advance the project in line with local
requirements, visiting with council and city planners as it coordinates its work. Ares has recently
purchased all the motors and conveyor belt systems necessary to connect the plant’s operation,
which are due to be delivered to the Company’s industrial estate in October.
SFC Assembling and Moving Plant Components
Moving and Positioning Steel Structures
Clearing and Levelling Plant Site
James Walker, CEO and President of the Company, said, “It’s extremely gratifying to see the work
progressing at site, and gradually having our planning materializ e into our fluorspar
manufacturing operation. As can be expected, an operation can take significant planning, time,
resources, and investment, which we have managed to achieve economically and conservatively
with the assistance of our very committed staff. We’re looking forward to further
announcements and releasing more updates as we progress work in Utah towards
commissioning the only fluorspar manufacturing operation in the United States.”
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 caution ed 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.