ARSMF - Ares Strategic Mining Announces Expansion to Rural Utah
(TheNewswire)
The Economic Development Corporation of Utah (EDCUtah)and the Utah Governor’s Office of Economic Opportunity (GOEO) arepleased to announce that Ares Strategic Mining (CSE:ARS) (OTC:ARSMF) is bringing a newmining facility and up to 40 jobs to Millard County.
“Fluorspar is an important mineral for products usedby the U.S. Department of Defense and other key industries, but mostof the world’s supply is currently produced outside of the U.S.,”said Scott Cuthbertson, president and CEO of EDCUtah. “The expansionof Ares Strategic Mining to Millard County is an important win forboth rural Utah and the U.S. manufacturing supply chain.”
Ares Strategic Mining Inc. is a fluorspar miningcompany focused on developing North American fluorspar properties intomanufacturing operations. Ares is a well-supported company focusing onthe exploration, production, and supply of metallurgical and acidspargrades of fluorspar for the steel and aluminum industries, chemicalindustries, and lithium-ion batteries. Fluorspar has been deemed acritical mineral by the United States government for its in role inboth national security and the U.S. economy. The only non-metalliccritical mineral that is exclusively imported into the United States,fluorspar is one of the most widely used industrial minerals,attracting the support and interest of major industrial bases. Aresowns the only permitted fluorspar mine in the United States. Ares also has strategic partnerships withmajor international fluorspar producers, giving the company access totechnology, proceedings information, market information, andengineering expertise.
“Ares has received significant government backingbecause of the strategic importance of the mineral to the economicsecurity of the United States. We are now a financially well-supportedcompany looking to bring an industry back to the United States and bepart of the effort to secure the domestic industrial mineral supply toprotect U.S. industry,” said James Walker, president and CEO of AresStrategic Mining. “We are very appreciative of the support andacknowledgment we have received as we progress our company towardsproduction.”
Gerritt Vander Linden, business development manager,collaborated with Project Fluorescent for EDCUtah.
Investors: If you were involved in this project andwould like to add your organization to this announcement, please emailconnect@edcutah.org.
Gerritt Vander Linden
Business Development Manager
gvanderlinden@edcutah.org
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