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    ARS   CA04017M1041

ARES STRATEGIC MINING INC.

(ARS)
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Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  05/19 03:59:59 pm EDT
0.3300 CAD   -1.49%
05/17Ares Strategic Mining Inc. Ships All Lumps Plant Steel and Infrastructure Equipment to New Site
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05/17Ares Strategic Mining Ships all Lumps Plant Steel and Infrastructure Equipment to New Site
AQ
04/19ARES STRATEGIC MINING : Announces it has been allocated a US$10,000,000 Tax-Exempt Bond from the State of Utah
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Ares Strategic Mining Completes Lumps Plant Steel and Infrastructure Fabrication

01/19/2022 | 11:14am EDT

Ares Strategic Mining Inc. announced that the fabrication of its recently ordered steel has been completed and the Company has taken possession. The Company has now begun arranging to ship the steel to the United States, where it will be integrated with its recently shipped lumps plant in the Company's production construction project. The steel structure will provide a 3-storey structure, which will house the Company's plant, allowing workers to optimally adjust the plant as it manufactures metallurgical fluorspar lumps. The plant will be the only one of its kind in the United States, so Ares has arranged for experienced international operators to accompany the plant to Utah, where they will assist with the construction and optimization of the plant. Metallurgical fluorspar lumps are an extremely in demand upgraded industrial product used in the steel industry, and which the Company is looking to supply internally within North America as part of its role as the only domestic U.S. producer. 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 100% imported in the entire country. Fluorspar's classification as a Critical Mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than operations for conventional minerals.


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All news about ARES STRATEGIC MINING INC.
05/17Ares Strategic Mining Inc. Ships All Lumps Plant Steel and Infrastructure Equipment to ..
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05/17Ares Strategic Mining Ships all Lumps Plant Steel and Infrastructure Equipment to New S..
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03/01Ares Strategic Mining Inc.'s Metallurgical Lumps Plant Has Arrived At Is Industrial Sit..
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03/01Ares Strategic Mining Announces Lumps Plant Arrival at its Utah Site
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Financials
Sales 2022 - - -
Net income 2022 -5,46 M -4,26 M -4,26 M
Net Debt 2022 - - -
P/E ratio 2022 -5,63x
Yield 2022 -
Capitalization 43,2 M 33,8 M 33,8 M
Capi. / Sales 2022 -
Capi. / Sales 2023 2,10x
Nbr of Employees -
Free-Float 89,1%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,33 CAD
Average target price 2,22 CAD
Spread / Average Target 573%
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Managers and Directors
James Walker President, Chief Executive Officer & Director
Viktoriya Griffin Chief Financial Officer
Karl Marek Chairman
Dace Church Manager-Administration & Creative Arts
Paul Thomson Sarjeant Independent Director