Ares Strategic Mining Inc. Purchases Equipment and Makes Arrangements as Part of Utah Operation Ramp Up.
Ares Strategic Mining Inc. Purchases Equipment and Makes Arrangements as
Part
of
Utah
Operation
Ramp
Up.
Vancouver,
BC
–
June
10
th
,
2025
–
Ares
Strategic
Mining
Inc.
(“Ares”
or
the
“Company”)
(CSE:
ARS
)
is
pleased
to
announce
the
issuance
of
common
stock
for
services
rendered
to
the
Company
by
various
arm’s
length
and
non-arm’s
length
parties
(the
“Share
Settlement”),
as
part
of
the
anticipated
ramp
up
for
Ares’
Utah
operations.
The
Company
plans
to
issue
652,426
common
shares
of
the
Company
(“Common
Shares”)
to
settle
approximately
$193,316.25
owed
to
the
various
arm’s
length
and
non-arm’s
length
parties.
The
Share
Settlement
is
subject
to
CSE
(“Exchange”)
approval.
As part of arrangements being made to accelerate development of the Company in the coming
months,
Ares
has
purchased
a
Kubota
Excavator
from
Evolution
Construction.
Kubota Excavator from Evolution Construction
Ares also solicited the services of Craven Capital, Golden Ratio LLC, and Prospero International
LLC,
responsible
for
the
institutional
investment
within
the
Company
that
is
supporting
its
current
ramp
up
efforts.
Included
in
this
settlement
are
also
the
Company
CFO,
opting
for
shares
for
services
rendered.
The Common Shares issued pursuant to the Share Settlement will be subject to a four month
hold
period.
The
Share
Settlement
is
subject
to
the
submission
of
final
documentation
and
final
approval
of
the
Exchange.
James Walker, CEO of Ares said, “We are very grateful for the contributions made by individuals
in
the
past
few
months
to
help
the
Company
achieve
its
ambitions.
Their
choice
to
be
compensated
in
shares
demonstrates
their
belief
in
the
Company’s
future
and
its
ambitions,
and
we
are
confident
that
their
belief
will
be
rewarded.”
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
SporMountain
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
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
1
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.