Ares Strategic Mining

The company's principal asset is the Lost Sheep fluorspar deposit in Juab County, Utah. It holds a mining lease with an option to purchase the property, as well as associated water rights and a reclamation permit. The site includes an existing open pit and previously permitted processing infrastructure from a prior operator.

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.

No. It is a publicly traded Canadian industrial company classified as a junior mining development firm. It does not manage third-party capital, deploy a portfolio across sectors, or serve a single-family wealth base. The entity profile exists to correct the classification that placed it in a family-office dataset.

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.

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.