Ares Strategic Mining Provides Positive Update on Mine Development and Plant Construction Progress
(TheNewswire)
Vancouver, B.C. - TheNewswire- 7th July 2025 – Ares Strategic Mining Inc. (the “Company”) 
ARS ARSMF (FRA: N8I1) is
pleased to provide an operational update on the ongoing development of
its Lost Sheep Fluorspar Project in Utah, following the successful
recommencement of mining and construction activities announced earlier
this year.
Since mobilizing Provo Mining and construction crewsback to site, the Company has made significant progress advancing bothmining operations and plant construction. The assembled plantcomponents are now being systematically staged and readied for finalassembly. Structural, mechanical, and electrical teams are activelypreparing the site for the installation of key plant systems,positioning the project on track for completion of this criticalinfrastructure.
On the mining front, the Company’s experienced teamshave made outstanding headway in accessing high-grade fluorspar ore.Early indications suggest that the miners will be able to beginstockpiling fluorspar on surface for processing within the next twomonths. This marks a major milestone toward transitioning fromdevelopment to production, bringing Ares closer to generating cashflow.
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Ares Clears and Readies Site for OreStockpiling
To ensure the plant is optimized to process the uniquecharacteristics of Ares’ ore, the Company is bringing in a team ofplant and machinery specialists. These experts will work alongside theconstruction and operations teams to fine-tune the plantconfiguration, ensuring peak efficiency, maximum recovery, andconsistent high-quality output once operations begin.
James Walker, President and CEO of Ares StrategicMining, commented “We are delighted with the rapid progress beingmade on site. The teams are advancing ahead of expectations, and weare particularly excited at the prospect of beginning fluorsparstockpiling in the near term. Bringing in plant optimization expertsfurther reinforces our commitment to deliver a highly efficient andproductive operation that will establish Ares as the only domesticsupplier of this critical mineral.”
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Contractors Arrive to Develop theOperations
Positioned to Capitalize on CriticalMineral Demand
As the only fluorspar producer in the United States,Ares is strategically positioned to address the growing domesticdemand for this essential mineral, which plays a vital role inindustries including steelmaking, aluminum production, batteries, andnuclear energy. The Company’s progress represents a major step insecuring a reliable North American supply chain for this criticalmaterial.
Ares was able to issue commonstock for services rendered to the Company byvarious arm’s length and non-arm’s length parties (the “ShareSettlement”), as part of the anticipated ramp up for Ares’ Utahoperations. The Company plans to issue 8,945,984common shares of the Company (“CommonShares”) to settle approximately $2,639,065.28 owed to the various arm’s length and non-arm’s lengthparties. The Share Settlement is subject to CSE (“Exchange”)approval.
About Ares Strategic Mining
Ares Strategic Mining Inc. is a mining company focusedon the development of its fluorspar projects in the U.S. The Companyaims to become a significant supplier of high-grade fluorsparto North American markets, supporting industriesvital to modern technology and infrastructure.
Lost Sheep Fluorspar Project – Delta, Utah
100% owned – 5,982 acres – 353 Claims
Located in the Spor Mountain area, Juab County, Utah,approximately 214 km south-west of Salt Lake City.
Fully Permitted – including mining permits.
NI 43-101 Technical Report identified extensivehigh-grade fluorspar with low levels of impurities.
Mining plan approved by BLM1
First approved by Rex Rowley – Area Manager, Bureauof Land Management – 24th August 1992.
Renewed by Paul B. Baker – Minerals ProgramManager, Bureau of Land Management – 12th December 2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC.
James Walker
Chief Executive Officer and President
For further information, please contact James Walker byemail at jwalker@aresmining.com
DISCLOSURE AND FORWARD-LOOKINGSTATEMENTS:
Companies typically rely oncomprehensive feasibility reports on mineral reserve estimates toreduce the risks and uncertainties associated with a productiondecision. Historically, situations where the issuer decides to put amineral project into production without first establishing mineralreserves supported by a technical report and completing a feasibilitystudy have a higher risk of economic or technical failure, though someindustrial mineral ventures are relatively simple operations with lowlevels of investment and risk, where the operating entity hasdetermined that a formal prefeasibility or feasibility study inconformance with NI 43-101 and 43-101 CP is not required for aproduction decision. Based on historical engineering work, geologicalreports, historical production data and current engineering workcompleted or in the process by Ares, the Company intends to moveforward with the development of its Utah asset.
Certain information in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often identified by terms such as “will”, “may”, “should”,“anticipate”, “expects” and similar expressions. Allstatements other than statements of historical fact included in thisnews release are forward-looking statements that involve risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany’s expectations include the failure to satisfy the conditionsof the relevant securities exchange(s) and other risks detailed fromtime to time in the filings made by the Company with securitiesregulations. The reader is cautioned that assumptions used in thepreparation of any forward-looking information may prove to beincorrect. Events or circumstances may cause actual results to differmaterially from those predicted, as a result of numerous known andunknown risks, uncertainties, and other factors, many of which arebeyond the control of the Company. The reader is cautioned not toplace undue reliance on any forward-looking information. Suchinformation, although considered reasonable by management at the timeof preparation, may prove to be incorrect and actual results maydiffer materially from those anticipated. Forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thisnews release are made as of the date of this news release and theCompany disclaims any intention or obligation to update or revise suchinformation, except as required by applicable law.
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