ARS Community Narratives

RockeTeller's

Fair Value

Fair Value CA$0.93 58.6% undervalued

Ares Strategic Mining: $250M Pentagon Contract vs C$76M Market Cap

About ARS

Founded: 2009
Employees: n/a
CEO: James Walker
WebsiteView website: www.aresmining.com

Ares Strategic Mining Inc., a junior natural resource mining company, engages in the acquisition, exploration, and development of fluorspar projects. It focuses on the exploitation, production, and supply of metspar and acidspar. The company’s flagship property is the 100% owned Lost Sheep Fluoride Mine that consists of 353 claims, covering an area of approximately 5,982 acres, located in western Utah, the United States. The company was incorporated in 2009 and is based in Vancouver, Canada.

Recent ARS News & Updates

Announcement • Jul 21

Ares Strategic Mining Commences Commissioning Of Metallurgical Lumps Plant And Announces Production Date

Ares Strategic Mining Inc. has officially commenced commissioning of its Metallurgical Lumps Plant at the Company's processing facility in Delta, Utah. For the first time, the entire processing plant has been powered up and is operating as one fully integrated system, marking the beginning of the Company's four-week commissioning program. The Lumps Plant has been designed to process ore from the Company's Lost Sheep Mine into metallurgical-grade fluorspar lumps ("metspar"), a product primarily supplied to U.S. steel industries. Over the coming weeks, the Company will undertake comprehensive integrated testing across all plant systems to verify performance, optimize operations, and prepare the facility for commercial production. Testing activities include: Verifying complete process flows from ore feed through to finished product; Testing PLC control systems and HMI interfaces; Monitoring and optimising operating parameters including temperatures, pressures and material flows; Validating alarm systems, diagnostics and automated start-up and shutdown sequences; and Assessing crushing, drying and product quality to ensure metallurgical-grade fluorspar meets customer specifications. As commissioning progresses, fluorspar ore stockpiled at the Lost Sheep Mine will be transported to the Delta processing facility to support testing and initial ramp up production runs. The Company expects ramp up production to begin on August 15, 2026. Ramp up refers to ramping up the feed to the full plant production potential. As per the Company’s Press Release of March 27, 2024, commercial offtake agreements are already in place covering the Company's expected initial metspar production for the first five years. The Lumps Plant has a designed processing capacity of approximately 150,000 tonnes per annum, providing capacity to support increased mine output and expansion across the Lost Sheep Project and the wider Spor Mountain Range.

Recent updates

No updates

Ares Strategic Mining Inc. Stock Price

ARS Share Price Performance

ARS Community Narratives

Ares Strategic Mining: $250M Pentagon Contract vs C$76M Market Cap

Ares Strategic Mining: $250M Pentagon Contract vs C$76M Market Cap

Trending Discussion

Recently Updated Narratives

(Deep Dive Series) Ares Strategic Mining, Only US Fluorspar Mine + $250M Contract Potential

Snowflake Analysis

Ares Strategic Mining Inc. Key Details

About ARS

Recent ARS News & Updates

New minor risk - Share price stability

Ares Strategic Mining Commences Commissioning Of Metallurgical Lumps Plant And Announces Production Date

(Deep Dive Series) Ares Strategic Mining, Only US Fluorspar Mine + $250M Contract Potential

Recent updates

Ares Strategic Mining Inc. Competitors

Erdene Resource Development

Guanajuato Silver

Dundee

Cerro de Pasco Resources