Ares Strategic Mining Inc. Completes Plant Design and Starts Tendering Process


Vancouver, BC – The press wire – 22 decembersd, 2020 – Ares Strategic Mining Inc. (“Ares” or the “Company”) (TSXV: ARS) (OTC: ARSMF) (FRA: N8I1), is pleased to announce that the Company has completed its engineering design work on the upcoming processing facility to be installed for mining in 2021.

The company has fulfilled all the process design criteria and has developed a proposal for equipment manufacturers, which includes process diagrams. The complete plant will take raw ore and produce an acid grade product, which is used in the manufacture of aluminum, refrigeration units, touch screens, fluorine, hydrofluoric acid and electric car batteries. . This high-end industrial product requires fluorspar purity of over 97%, which the new plant will provide. Acid spar sells at a higher price in the fluorspar market due to the large number of industrial applications. The product represents over two-thirds of the fluorspar market in the United States and is currently 100% imported from countries outside of the United States.

In 2018, the US government classified fluorspar as a critical mineral, “deemed essential to the national security and economy of the United States.” Fluorspar remains the only critical non-metallic mineral that is 100% imported nationwide. This plant will provide the United States with the first national supply of acid spar in years.


Click on the image to view it in full size

The Ares processing plant

James Walker, President and CEO of the Company, said, “We hope to complete the tendering process and begin construction, delivery and commissioning of the plant immediately. This will be the largest acquisition before the company launches the first all-domestic acid paraffin operation in the United States in decades. The Company is moving from its design and planning phase to the construction and equipment acquisition phase of its mining operation. We are fortunate that all permits are already in place and that only heavy machinery and a factory are required to begin mining. The plant is the longest lead element, so during its construction and installation, all construction can be completed and all mining equipment can be purchased and installed. The Company is very happy to make good progress towards its mining objectives and anticipates a very successful year 2021. “

Raul Sanabria, P.Geo., Is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Sanabria is not independent for the Company since he is a director and shareholder.

Lost Sheep Fluorspar Project – Delta, Utah

  • – 100% ownership – 2,100 acres – 108 claims

    – Located in the Spor Mountain area, Juab County, Utah, approximately 214 km southwest of Salt Lake City.

    – Fully licensed – including mining permits.

    – NI 43-101 technical report identified a large amount of high grade fluorspar with low levels of impurities.

    – Mine plan approved by BLM

First approved by Rex Rowley – Area Manager, Bureau of Land Management – August 24, 1992.

Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – December 12, 2016.

ON BEHALF OF THE BOARD OF DIRECTORS

STRATEGIC MINES ARES INC.

James walker
CEO and President

For more information, please contact Mark Bolin by phone at 604-781-0535 or by email at [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this document.



Leon E. Hill

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