Ares Strategic Mining Completes Flotation Plant Infrastructure and Steel and Fabrication
Ares Strategic Mining has completed the fabrication of its state-of-the-art flotation plant and taken possession of the facility. This plant, which will be the only one of its kind in the United States, will produce acid grade fluorspar (acidspar), a critical mineral used in various industrial applications including Lithium-Ion batteries, aluminum production, and refrigerants. The plant will be housed in a specially designed 2-storey structure and will be shipped to Utah for assembly. Experienced international operators will assist with installation and optimization. The U.S. government has classified fluorspar as a Critical Mineral, facilitating faster permitting periods. Ares' plant aims to reduce reliance on foreign sources and strengthen domestic supply chains. The Lost Sheep Fluorspar Project in Utah, fully permitted and owned by Ares, will support the plant's operations.
Ares Strategic Mining ha completato la fabbricazione del suo impianto di flottazione all'avanguardia e ha preso possesso della struttura. Questo impianto, che sarà l'unico della sua specie negli Stati Uniti, produrrà fluorspar di grado acido (acidspar), un minerale critico utilizzato in diverse applicazioni industriali, tra cui le batterie ai litio, la produzione di alluminio e i refrigeranti. L'impianto sarà ospitato in una struttura progettata appositamente di 2 piani e sarà spedito nello Utah per l'assemblaggio. Operatori internazionali esperti assisteranno con l'installazione e l'ottimizzazione. Il governo degli Stati Uniti ha classificato il fluorspar come Minerale Critico, facilitando periodi di autorizzazione più rapidi. L'impianto di Ares mira a ridurre la dipendenza da fonti estere e a rafforzare le catene di fornitura nazionali. Il progetto Lost Sheep Fluorspar nello Utah, completamente autorizzato e di proprietà di Ares, supporterà le operazioni dell'impianto.
Ares Strategic Mining ha completado la fabricación de su planta de flotación de última generación y ha tomado posesión de la instalación. Esta planta, que será la única de su tipo en los Estados Unidos, producirá fluorspar de grado ácido (acidspar), un mineral crítico utilizado en diversas aplicaciones industriales, incluyendo baterías de iones de litio, producción de aluminio y refrigerantes. La planta estará ubicada en una estructura de 2 pisos diseñada especialmente y será enviada a Utah para su ensamblaje. Operadores internacionales experimentados asistirán en la instalación y optimización. El gobierno de EE. UU. ha clasificado el fluorspar como un Mineral Crítico, facilitando plazos de permisos más rápidos. La planta de Ares tiene como objetivo reducir la dependencia de fuentes extranjeras y fortalecer las cadenas de suministro nacionales. El proyecto Lost Sheep Fluorspar en Utah, completamente autorizado y de propiedad de Ares, respaldará las operaciones de la planta.
Ares Strategic Mining은 최첨단 부유 분리 공장의 제작을 완료하고 시설에 대한 소유권을 취득했습니다. 이 공장은 미국에서 유일한 공장으로, 리튬 이온 배터리, 알루미늄 생산 및 냉매 등 다양한 산업 분야에서 사용되는 중요한 광물인 산성 플루오르스파르(acidspar)를 생산할 예정입니다. 이 공장은 특별히 설계된 2층 구조에 설치될 것이며, 유타로 배송되어 조립될 것입니다. 경험이 풍부한 국제 운영자들이 설치 및 최적화를 지원할 것입니다. 미국 정부는 플루오르스파르를 중요 광물로 분류하여 신속한 허가 절차를 가능하게 했습니다. Ares의 공장은 외국 소스에 대한 의존도를 줄이고 국내 공급망을 강화하는 것을 목표로 하고 있습니다. 유타의 Lost Sheep Fluorspar 프로젝트는 완전히 허가를 받았으며 Ares가 소유하고 있어 공장의 운영을 지원할 것입니다.
Ares Strategic Mining a terminé la fabrication de son usine de flottation à la pointe de la technologie et a pris possession des installations. Cette usine, qui sera la seule de son genre aux États-Unis, produira du fluorspar de qualité acide (acidspar), un minéral critique utilisé dans diverses applications industrielles, notamment les batteries lithium-ion, la production d'aluminium et les réfrigérants. L'usine sera intégrée dans une structure spécialement conçue de deux étages et sera expédiée vers l'Utah pour assemblage. Des opérateurs internationaux expérimentés aideront à l'installation et à l'optimisation. Le gouvernement américain a classé le fluorspar comme un minéral critique, ce qui facilite les délais de permis plus rapides. L'usine d'Ares vise à réduire la dépendance aux sources étrangères et à renforcer les chaînes d'approvisionnement nationales. Le projet Lost Sheep Fluorspar dans l'Utah, entièrement autorisé et détenu par Ares, soutiendra les opérations de l'usine.
Ares Strategic Mining hat die Herstellung seiner hochmodernen Flotationsanlage abgeschlossen und die Anlage in Besitz genommen. Diese Anlage, die die einzige ihrer Art in den Vereinigten Staaten sein wird, wird säuregradigem Fluorspar (acidspar) produzieren, ein kritisches Mineral, das in verschiedenen industriellen Anwendungen, einschließlich Lithium-Ionen-Batterien, Aluminiumproduktion und Kältemitteln, verwendet wird. Die Anlage wird in einem speziell entworfenen zweigeschossigen Gebäude untergebracht und nach Utah zur Montage versandt. Erfahrene internationale Betreiber werden bei der Installation und Optimierung unterstützen. Die US-Regierung hat Fluorspar als kritisches Mineral klassifiziert, was schnellere Genehmigungszeiträume erleichtert. Das Werk von Ares zielt darauf ab, die Abhängigkeit von ausländischen Quellen zu verringern und die heimischen Lieferketten zu stärken. Das vollständige genehmigte und im Besitz von Ares befindliche Lost Sheep Fluorspar-Projekt in Utah wird die Betriebsabläufe der Anlage unterstützen.
- Completion of state-of-the-art flotation plant.
- Only domestic producer of acid grade fluorspar in the U.S.
- Potential to reduce reliance on foreign sources for critical minerals.
- Support from U.S. government classification of fluorspar as a Critical Mineral.
- Logistical challenges in shipping and assembling the plant in Utah.
- The plant will be the only one of its kind in the United States.
- The constructed plant will be the only domestic producer of this critical mineral and high-grade industrial product.
- Extensive domestic and international interest in the new plant's output and products.
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2024) - Ares Strategic Mining Ltd. (CSE: ARS) (OTCQB: ARSMF) (FSE: N8I) (the "Company") is pleased to announce that the fabrication of its state-of-the-art flotation plant has been completed, and the Company has taken possession of the facility. The Company has now begun arranging to ship the plant to the United States, where it will be assembled and integrated into its production construction project.
The plant, which will be housed within a specially designed 2-storey structure, is capable of manufacturing acid grade fluorspar (acidspar) through an advanced flotation process. This facility will be the only one of its kind in the United States, positioning Ares as the sole domestic producer of this critical mineral. To ensure the successful construction and optimization of the plant, Ares has arranged for experienced international operators to accompany the facility to Utah, where they will assist with the installation and fine-tuning of the operation.
Acid grade fluorspar, or acidspar, is a highly sought-after industrial product, primarily used in the production of Hydrofluoric Acid (HF), which is the principal source of fluorine for various critical industrial applications. These applications include the production of LiPF6, a key electrolyte in Lithium-Ion batteries, aluminum production, refrigerants, fluoropolymers and fluoro-plastics, petroleum cracking, and other specialized uses. The Company is looking to supply this essential mineral internally within North America as part of its role as the only domestic U.S. producer.
Ares Acidspar Production Facility
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James Walker, President and CEO of the Company, said, "The completion of our flotation plant marks a significant milestone not only for Ares but for the entire U.S. industrial landscape. With this facility, we are bringing back a crucial industry to the United States. Acidspar accounts for approximately two-thirds of the U.S. market demand for fluorspar, and this will be the only facility of its kind in the country capable of meeting that demand domestically. By establishing this plant, we are taking an important step toward securing more robust and reliable domestic supply chains. As the U.S. continues to prioritize industrial self-sufficiency, our plant will play a key role in reducing reliance on foreign sources for this critical mineral. We are proud to be part of the drive to strengthen our nation's industrial base, and we will continue to keep everyone informed as we progress towards full production."
In 2018 the U.S. government classified fluorspar as a Critical Mineral, "deemed critical to U.S. national security and the economy." Fluorspar remains the only non-metallic Critical Mineral, which is
Lost Sheep Fluorspar Project - Delta, Utah
100% owned - 5,982 acres - 353 ClaimsLocated 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 extensive high-grade fluorspar with low levels of impurities.
Mining plan approved by BLM1
First approved by Rex Rowley - Area Manager, Bureau of Land Management - 24th August 1992.
Renewed by Paul B. Baker - Minerals Program Manager, Bureau of Land Management - 12th December 2016.
Raul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release. Mr. Sanabria is not independent to the Company as he is a Director and shareholder.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING LTD.
James Walker
Chief Executive Officer and President
For further information, please contact Mark Bolin by phone at 604-345-1576 or by email at jwalker@aresmining.com.
DISCLOSURE AND FORWARD-LOOKING STATEMENTS:
Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Historically, situations where the issuer decides to put a mineral project into production without first establishing mineral reserves supported by a technical report and completing a feasibility study have a higher risk of economic or technical failure, though some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of its Utah asset.
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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FAQ
What milestone has Ares Strategic Mining achieved with its flotation plant?
What is the significance of Ares Strategic Mining's flotation plant being the only one in the U.S.?
What industrial applications does acid grade fluorspar (acidspar) have?
Where will Ares Strategic Mining's flotation plant be assembled?
How does the U.S. government's classification of fluorspar as a Critical Mineral benefit Ares Strategic Mining?
