Ares Strategic Mining

Ares Strategic Mining

Ares Strategic Mining Inc. was incorporated under the laws of British Columbia and trades on the Canadian Securities Exchange under the symbol ARS. Its primary asset is the Lost Sheep fluorspar mine in Juab County, Utah. Fluorspar, the mineral form of calcium fluoride, is designated a critical mineral by the United States government because of its role in steelmaking, aluminum smelting, and the production of hydrofluoric acid, an essential feedstock for refrigerants, lithium-ion battery electrolytes, and semiconductor manufacturing. More than 65% of global supply originates in China, leaving US industrial buyers fully dependent on imports. The company's strategy centers on bringing the Lost Sheep mine into commercial production. The site includes a previously engineered open pit, a permitted processing facility, and existing tailings infrastructure — work originally advanced but never completed by a prior operator. Ares holds a mining lease with a purchase option on the property, as well as state water rights and a reclamation permit. The development plan calls for a dense media separation plant that would produce acid-grade fluorspar concentrate on-site, with an initial target capacity of approximately 30,000 to 40,000 tonnes per year. Offtake discussions have been reported with North American chemical companies seeking to diversify their fluorspar supply away from Chinese exporters. The management team includes mining engineers and geologists with prior operating experience in the Western US industrial-minerals sector. In January 2024 the company closed a private placement of convertible debentures to fund engineering and procurement for the processing plant. The Lost Sheep project occupies roughly 2,200 acres in the historic Spor Mountain fluorspar district, long known for high-purity deposits. Adjacent infrastructure includes paved highway access within five miles and high-voltage power lines crossing the property boundary, factors that reduce the capital cost hurdle relative to greenfield developments in remote basins. Ares Strategic Mining's structural distinction is its single-project, single-commodity focus at a time when Western policymakers are actively subsidizing domestic critical-mineral supply chains. It is not diversified by geography or mineral. Its viability depends entirely on executing a single mine build, a binary outcome profile more typical of junior exploration than of a family office or institutional investment platform. The company reports under Canadian continuous-disclosure standards and is subject to the policies of the CSE, meaning its financial statements, management discussion, and material change reports are publicly available through SEDAR.