Ares Strategic Mining Inc
Capital Structure
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in mil. unless spec.Company Description
- CEO
- James Walker
- Full Time Employees
- - -
- Sector
- Process industries
- Industry
- Chemicals: agricultural
- Address
- 409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Aug 24, 2011
- Website
- aresmining.com
- Similar Companies
- Business
- Ares Strategic Mining Inc. operates as a burgeoning natural resource enterprise, primarily engaged in the acquisition, exploration, and development of fluorspar properties. The company's strategic focus is directed toward the exploitation, production, and distribution of both metallurgical-grade (metspar) and acid-grade (acidspar) fluorspar, a critical mineral for various industrial applications. Ares maintains a 100% ownership stake in the Lost Sheep Fluorspar Project, encompassing approximately 5,982 acres across 353 claims within the Spor Mountain area of western Utah, United States. This site hosts the sole permitted fluorspar mine in the U.S., which has recently completed the installation of a secondary ventilation system, paving the way for industrial-scale mining operations. Furthermore, the company is actively constructing two processing plants in Delta, Utah, for fluorspar production, with the lumps plant expected to commence revenue generation in late 2025 or early 2026, and the flotation plant having been shipped in November 2024. Ares has also identified additional high-grade fluorspar mineralization zones at its Lost Sheep project, and has discovered significant concentrations of gallium and germanium as potential byproducts within its ore. The company previously held interests in the Liard Fluorspar property and the Vanadium Ridge property in British Columbia, Canada, but these assets were spun out in September 2023 into Enyo Strategic Mining Inc., a separate reporting issuer. Ares also retains a 1% gross overriding royalty from the Jackpot Lake property in Clark County, Nevada, which was optioned and sold to USHA Resources between 2022 and 2023. Additionally, Ares has secured exclusive rights and access for the development of the Campbell-Croster fluorspar project in Kentucky, US. Incorporated in 2009, Ares Strategic Mining Inc. is headquartered in Vancouver, Canada, and is strategically supported by substantial non-dilutive government funding from the State of Utah and the USDA to advance its domestic fluorspar production capabilities.
Company News
State Ceremony Officially Opens Ares Strategic Mining Lumps Plant, in Delta, Utah, USA
Ares Strategic Mining to Host Official Ribbon-Cutting Ceremony for New U.S. Fluorspar Processing Plant in Delta, Utah
Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Stock Short Interest Falls 43.3%
Ares Strategic Mining Advances Toward NASDAQ Uplist with Sponsored American Depositary Share Program
Ares Strategic Mining Inc. Issues Stock Options
Ares Strategic Mining Begins Processing Mined Fluorspar Ore at its Utah Lumps Plant
Ares Strategic Mining Commences Lumps Plant Commissioning and Announces Production Date
Ares Strategic Mining Announces Nearly $1 Million Management Investment and Strategic Corporate Updates
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