09:34 AM EST - Ares Strategic Mining Inc : Announced the Company has entered into an agreement with Provo Mining & Construction, Inc to prepare Ares’ permitted mine site for producing fluorspar feed for its anticipated fluorspar production operation. Provo has begun planning work on the Ares mine site. Drilling work will commence to inform the mine installation works, with an aim to retrieve fluorspar mineralization for processing as inexpensively and efficiently as possible Ares is undertaking simultaneous activity across its mine site and processing facility to expedite its Utah operation’s development. In addition to the mine preparation, the Company is currently constructing its lumps plant at its 50-acre industrial site. The Company recently closed a State of Utah backed financing (see Press Release dated December 22, 2023) and is in the process of ordering a flotation plant capable of delivering the highest grade fluorspar products needed by industry, enabling the Company to have multiple product lines. Ares Strategic Mining Inc
shares C.ARS are trading unchanged at $0.19.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ARS%3ACNX&qmodStoryID=4762439329640697
