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    ARS   CA04017M1041

ARES STRATEGIC MINING INC.

(ARS)
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Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  03:36 2022-06-30 pm EDT
0.2550 CAD   +2.00%
06/27Ares Strategic Mining Completes Purchase Agreement for 50-Acre Industrial Property
CI
06/27Ares Strategic Mining Completes Purchase Agreement for 50-Acre Industrial Property
AQ
06/20Ares Strategic Mining Appoints New Vice President of Exploration
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Ares Strategic Mining Inc. Ships All Lumps Plant Steel and Infrastructure Equipment to New Site

05/17/2022 | 09:30am EDT

Ares Strategic Mining Inc. announced that the Company has packaged and shipped all its Lumps Plant infrastructure to the United States, where it will be integrated with its recently arrived Lumps Plant at the Company's new industrial site. The steel structure will provide a 3-storey structure, which will house the Company's Lumps Plant, allowing workers to optimally adjust the plant as it produces metallurgical fluorspar lumps. The Lumps 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. The Company is looking to supply internally within North America as part of its role as the only domestic U.S. producer once it reaches production. 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.
06/27Ares Strategic Mining Completes Purchase Agreement for 50-Acre Industrial Property
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06/27Ares Strategic Mining Completes Purchase Agreement for 50-Acre Industrial Property
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06/17Ares Strategic Mining Appoints New Vice President of Exploration
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05/30ARES STRATEGIC MINING : Condensed Interim Consolidated Financial Statements
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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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Financials
Sales 2022 - - -
Net income 2022 -5,46 M -4,23 M -4,23 M
Net Debt 2022 - - -
P/E ratio 2022 -4,35x
Yield 2022 -
Capitalization 34,0 M 26,4 M 26,4 M
Capi. / Sales 2022 -
Capi. / Sales 2023 1,66x
Nbr of Employees -
Free-Float 87,7%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,26 CAD
Average target price 2,22 CAD
Spread / Average Target 771%
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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
Chang Xian Li Independent Director