Ares Strategic Mining Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- James Walker
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Mar 28, 2018
- Website
- aresmining.com
- Similar Companies
- Business
- Ares Strategic Mining Inc. is a junior natural resource mining company focused on the acquisition, exploration, development, exploitation, production, and supply of fluorspar projects, including metspar for steel manufacturing and acidspar (high-purity fluorspar of 97%+ CaF2) for chemical manufacturing, aluminum production, battery technology, refrigerants, and fluoropolymers; it operates a state-of-the-art flotation plant employing advanced technology to separate fluorspar from gangue minerals and a metallurgical lumps plant producing industry-ready fluorspar lumps or briquettes. The company owns 100% of the Lost Sheep Fluorspar Mine, the only permitted fluorspar mine in the United States, comprising 353 claims covering approximately 5,982 acres in western Utah; it continues to explore and develop additional properties at the district-scale Spor Mountain project. Founded in 2009 and headquartered at Unit 1001, 409 Granville Street, Vancouver, British Columbia V6C 1T2, Canada, Ares Strategic Mining serves critical mineral markets in North America with a focus on domestic supply chain security for industries reliant on fluorspar, classified as a critical mineral by U.S. authorities. Recent developments include securing an $11 million USD loan from the Utah State Legislature and Utah Community Impact Board in June 2025 to accelerate production ramp-up at the Lost Sheep project; closing a LIFE private placement offering in October 2025 raising up to $10.5 million through two tranches to support operations; completing the secondary ventilation system at the mine to enable industrial-scale mining; receiving increased non-dilutive cash injection from institutional investor Sorbie Bornholm LP in 2025 following their initial 2024 equity investment; advancing construction of the lumps plant and flotation plant arrival at site; securing equipment for Utah operations ramp-up; and entering an MOU with Cremer Erzkontor North America as sales agent for metspar production.
Ares Strategic Mining Announces Board Evolution to Support Nasdaq Transition and Next Phase of Corporate Growth
Ares Strategic Mining Announces Completion of Major Processing Plant Infrastructure Milestones
Found Industries and ARES Strategic Mining Sign MOU to Advance Domestic Gallium, Germanium and Fluorspar Recovery from Utah's Lost Sheep Mine
Found Industries and ARES Strategic Mining Sign MOU to Advance Domestic Gallium, Germanium and Fluorspar Recovery from Utah's Lost Sheep Mine
Ares Strategic Mining Provides Update on Utah Mining Claims
Ares Strategic Mining Introduces New Investor Relations Team
Ares Strategic Mining Commences Mining Operations
Ares Strategic Mining Expedites Company Roadmap and Production Plan Ahead of Government Contract
Ares Accelerates Flotation Plant Construction Following U.S. Defense Contract Award and New $10M Private Placement
Ares Strategic Mining Inc. Issues Stock Options
Ares Strategic Mining (OTCMKTS:ARSMF) Trading Down 0.2% – Should You Sell?
Ares Strategic Mining Awarded Multi-Year Pentagon Contract with Estimated Initial Award Value of ~$169M and Potential Task Orders Up to $250M Over Five Years
Ares Strategic Mining Achieves Major Infrastructure Advancements at Mining Operation and Processing Plant
Ares Strategic Mining Completes Secondary Ventilation System at its Mine, Clearing Path for Industrial-Scale Mining
Ares Strategic Mining Closes Second Tranche of LIFE Offering
Ares Strategic Mining Closes First Tranche of LIFE Offering and Files Amended and Restated Offering Document
Ares Strategic Mining Announces LIFE Private Placement Offering to raise up to $10,000,000.
Ares Strategic Mining Discovers High-Value Germanium in Addition to Gallium in its Fluorspar Ore
Ares Strategic Mining Provides Construction Update on Lumps Plant at Lost Sheep Project
Ares Strategic Mining Launches Gallium Recovery Program with Iowa State University and Ames National Laboratory