09:58 AM EST - Ares Strategic Mining : Announces being reported by The Utah Economic Council in their 2023 Economic Report, that “Utah is poised to become the nation's only fluorspar producer as Ares Strategic Mining revives the Lost Sheep mine, Utah's largest historical producer of fluorspar.” James Walker, President and CEO of the Company said, “Ares has received significant government backing because of the strategic importance of the mineral to economic security of the United States, and the economic potential of the project. We have just closed a loan backed by the U.S. Department of Agriculture under its Business and Industry Guaranteed Loan Program, deployed by the Federal Government to promote rural development, and we have just been re-awarded a $10,000,000 USD bond by the State of Utah, for the purposes of acquiring a more sophisticated manufacturing facility. We are now a financially well-supported company looking to bring an industry back to the United States and be part of the effort to secure the domestic industrial mineral supply to protect U.S. industry.” Ares Strategic Mining
shares C.ARS are trading up $0.03 at $0.27.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ARS%3ACNX&qmodStoryID=7146229631818134
