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    ARS   CA04017M1041

ARES STRATEGIC MINING INC.

(ARS)
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Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  05/20 03:59:59 pm EDT
0.3500 CAD   +6.06%
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
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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: Exercise of Warrants for Proceeds of $936,650

01/24/2022 | 08:31am EDT

(via TheNewswire)

Ares Strategic Mining Inc


 

Vancouver, B.C. - TheNewswire - January 24th, 2022 — Ares Strategic Mining Inc. (the “Company”) (CSE:ARS) (CNSX:ARS.CN) (OTC:ARSMF) (FRA:N8I1), is pleased to announce the Company has received additional cash proceeds of $936,650 from the exercise of 5,445,667 warrants priced at $0.15 to exercise, and 748,750 warrants priced at $0.16 to exercise. The final expiry date of the warrants as issued during the Company's February 2020 financing, is February 13th, 2022.

 

The incoming finances will be used towards equipment purchases and plant construction for the Company's fluorspar production operation in Utah.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING INC.

 

James Walker
Chief Executive Officer and President

 

For further information, please contact James Walker by phone at 604-345-1576 or by email at jwalker@aresmining.com

 

Copyright (c) 2022 TheNewswire - All rights reserved.

Copyright (c) 2022 TheNewswire - All rights reserved., source Press Releases

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Financials
Sales 2022 - - -
Net income 2022 -5,46 M -4,25 M -4,25 M
Net Debt 2022 - - -
P/E ratio 2022 -5,97x
Yield 2022 -
Capitalization 45,9 M 35,7 M 35,7 M
Capi. / Sales 2022 -
Capi. / Sales 2023 2,23x
Nbr of Employees -
Free-Float 89,1%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,35 CAD
Average target price 2,22 CAD
Spread / Average Target 534%
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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