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Ares Strategic Mining
Ares Strategic Mining owns the only permitted fluorspar mine in the United States. The company focuses on returning fluorspar manufacturing to North America.
Ares Strategic Mining
Ares Strategic Mining owns the only permitted fluorspar mine in the United States. The company focuses on returning fluorspar manufacturing to North America.
General information
Firm type
other
Location
Region
North America
City
Vancouver
Sector focus
Frequently asked questions
Why does fluorspar matter for US industrial supply chains?
Fluorspar is the commercial source of fluorine and is designated a critical mineral by the US Department of the Interior. It is essential for producing hydrofluoric acid, which is used in aluminum smelting, semiconductor etching, lithium-ion battery electrolyte production, and refrigerant manufacturing. China controls more than 65% of global supply, a concentration that has driven Washington to encourage domestic production.
Where does Ares Strategic Mining trade, and under what disclosure regime?
The company trades on the Canadian Securities Exchange under the symbol ARS. It reports under Canadian continuous-disclosure rules, filing audited annual financial statements, quarterly MD&A, and material-change reports through the SEDAR system.
What is the company's development timeline?
Ares has communicated a plan to build a dense media separation plant at Lost Sheep with initial production capacity of 30,000 to 40,000 tonnes of acid-grade fluorspar concentrate per year. In early 2024 it raised capital to fund engineering and procurement. Actual production startup is contingent on completing plant construction, commissioning, and securing offtake agreements.
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