Ares Strategic Mining Inc. Advances Corporate Goals Through Consulting Partnerships in Utah
Ares Strategic Mining Inc. Advances Corporate Goals Through
Consulting Partnerships in Utah
Vancouver, BC – January 27, 2025 – Ares Strategic Mining Inc. (“Ares” or the “Company”) (CSE:
ARS
)
is
pleased
to
announce
the
settlement
of
consulting
fees
with
MIB
&
S
Partners
and
Roy
EI
Durr
,
further
solidifying
key
strategic
relationships
that
support
the
Company’s
growth
and
development
that
will
be
important
for
the
planned
launch
of
the
operation
in
Utah.
This strategic settlement underscores Ares’ commitment to maintaining strong partnerships
with
industry
leaders
and
experts
who
play
a
pivotal
role
in
advancing
the
Company’s
objectives.
The
consulting
and
lobbying
services
provided
by
MIB
&
S
Partners
and
Roy
EI
Durr
have
been
instrumental
in
supporting
Ares’
operational
and
regulatory
initiatives,
ensuring
the
Company
remains
well-positioned
for
long-term
success.
The issuance of shares in lieu of cash payments demonstrates Ares’ prudent financial
management,
allowing
the
Company
to
allocate
resources
toward
critical
projects
and
operational
milestones.
This
approach
not
only
strengthens
the
Company’s
balance
sheet
but
also
reinforces
the
confidence
of
its
partners
in
Ares’
vision
and
growth
trajectory.
Ares Strategic Mining remains focused on its mission to develop and operate high-quality
mining
projects,
leveraging
strategic
partnerships
to
navigate
regulatory
landscapes
and
drive
sustainable
growth.
The
Company
is
confident
that
these
collaborations
will
continue
to
yield
significant
benefits
as
it
progresses
toward
its
goals.
As part of this agreement, Ares has settled $13,440 CAD of consulting services by issuing 70,737
common
shares.
Additionally,
the
Company
has
issued
554,942
common
shares
to
settle
$
60,000
USD
($86,016
CAD)
for
lobbying
services
provided
by
MIB
&
S
Partners
and
Roy
El
Durr.
These
shares
are
subject
to
a
statutory
hold
period
of
four
months
and
one
day
from
the
date
of
issuance.
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 INC.
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
1
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.