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    ARS   CA04017M1041

ARES STRATEGIC MINING INC.

(ARS)
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Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  05/17 02:29:33 pm EDT
0.3600 CAD   +4.35%
08:32aAres 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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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 Inc. Acquires Exclusive Right and Access to Develop the Campbell-Croster Project

01/11/2022 | 08:59am EDT

Ares Strategic Mining Inc. announced that the Company has acquired exclusive right and access to develop the Campbell-Croster project, an already large historically delineated fluorspar project in Kentucky, US. The Company has been examining fluorspar prospects throughout the United States to expand its long-term operation and production potential within the country. The Campbell-Croster Kentucky fluorspar project possessing both historic drilling and a historic mineral resource estimate has presented the company with its best opportunity within the US since it began its research. A historic mineral resource estimate* performed by Boyce Moodie III in 1974 for Cerro SparCorporation on the Campbell-Croster project following its drill program, reported indicated resources of 645,117 tons of fluorspar, grading at an average of 37.38% CaF 2 and inferred resources of 160,724 tons averaging 35.97% CaF2 for a total of 805,841 tons. Within that estimate, there are 30,545 tons averaging 51.87% CaF2 described as possible ore in Block H. As part of the Company's acquisition, Ares has acquired the prospects and project for an initial payment of USD 25,000, and an agreement to pay the previous owners a production royalty of $1 per ton of minerals mined from the Historic Resource, and upon exhaustion of the delineated historic resource estimate, a 5% NSR on further extracted minerals from the property.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
ARES STRATEGIC MINING INC. 4.35% 0.36 Delayed Quote.11.29%
ON SEMICONDUCTOR CORPORATION 4.42% 57.54 Delayed Quote.-18.80%
All news about ARES STRATEGIC MINING INC.
08:32aAres Strategic Mining Ships all Lumps Plant Steel and Infrastructure Equipment to New S..
AQ
04/19ARES STRATEGIC MINING : Announces it has been allocated a US$10,000,000 Tax-Exempt Bond fr..
PU
04/19Ares Strategic Mining Announces it has been allocated a US$10,000,000 Tax-Exempt Bond f..
AQ
03/17ARES MINING : White House Commits to "Securing a Made in America Supply Chain for Critical..
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03/17ARES STRATEGIC MINING : White House Commits to "Securing a Made in America Supply Chain fo..
AQ
03/01Ares Strategic Mining Inc.'s Metallurgical Lumps Plant Has Arrived At Is Industrial Sit..
CI
03/01Ares Strategic Mining Announces Lumps Plant Arrival at its Utah Site
AQ
03/01Ares Strategic Mining Inc. Reports Earnings Results for the First Quarter Ended Decembe..
CI
02/08Ares Strategic Mining Announces Issuance of Stock Options
AQ
01/28Ares Strategic Mining Inc. Reports Earnings Results for the Full Year Ended September 3..
CI
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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 -5,89x
Yield 2022 -
Capitalization 45,2 M 35,0 M 35,2 M
Capi. / Sales 2022 -
Capi. / Sales 2023 2,20x
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 543%
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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