ARSMF - Ares Strategic Mining Contracts SFC Tec to Complete Processing Plant Construction and Commissioning
(TheNewswire)
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SFC Tec are an experienced local welding and steelfabricating business, with extensive commercial infrastructureinstallation experience.
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SFC is a local company able to design, fabricate, anderect the plant and building efficiently, while minimizing the totalproject time and cost.
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SFC Tec have already started site preparation work,equipment assembly, and permitting upgrades.
Vancouver, BC - TheNewswire - September 14, 2023 - Ares Strategic Mining Inc. (“ Ares ” or the“ Company ”) (CSE:ARS)(OTC:ARSMF) (FRA:N8I1) , is pleased to announcethe Company has contracted the services of SFC Tec, a companyspecializing in commercial installations, fabricating and installinginfrastructure and steel buildings, and welding and assemblyconstruction.
SFC Tec is a local business, able to provide Ares withthe best possible value by drawing from personnel within the localcommunity to prepare, install, and construct the Ares plant. SFC isable to fabricate buildings with large spans with dimensionscustomized to fit your equipment and storage needs. Because ourbuildings are 100% designed and built in Utah, we can design,fabricate, and erect the building efficiently and minimize the totalproject time. We can also ship building packages that are ready toerect and assemble.
SFC Tec have begun site preparation, identifying thearea best able to accommodate the plant, clearing and leveling theterrain, preparing the site plan and the new plant’s steel forerection to house the new facility. Ares is now working with the cityto advance the project in line with local requirements, visiting withcouncil and city planners as it coordinates its work. Ares hasrecently purchased all the motors and conveyor belt systems necessaryto connect the plant’s operation, which are due to be delivered tothe Company’s industrial estate in October.
SFC Assembling and Moving PlantComponents
Moving and Positioning SteelStructures
Clearing and Leveling PlantSite
James Walker, CEO and President of the Company, said,“It’s extremely gratifying to see the work progressing at site,and gradually having our planning materialize into our fluorsparmanufacturing operation. As can be expected, an operation can takesignificant planning, time, resources, and investment, which we havemanaged to achieve economically and conservatively with the assistanceof our very committed staff. We’re looking forward to furtherannouncements and releasing more updates as we progress work in Utahtowards commissioning the only fluorspar manufacturing operation inthe United States.”
In 2018 the U.S. government classified fluorspar as aCritical Mineral, “deemed critical to U.S. national security and theeconomy.” 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 UnitedStates translates to a faster permitting period, enabling miningoperations to initiate more quickly than operations for conventionalminerals.
Lost Sheep Fluorspar Project – Delta, Utah
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100% owned – 5,982 acres – 353 Claims.
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Located in the Spor Mountain area, Juab County, Utah,approximately 214 km south-west of Salt Lake City.
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Fully Permitted – including mining permits.
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NI 43-101 Technical Report identified extensivehigh-grade fluorspar with low levels of impurities.
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Mining plan approved by BLM 1
First approved by Rex Rowley – Area Manager, Bureauof Land Management – 24th August 1992.
Renewed by Mike Gates – Minerals Program Manager,Bureau of Land Management – 12th December 2016.
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 byemail at jwalker@aresmining.com
DISCLOSURE AND FORWARD-LOOKINGSTATEMENTS:
Companies typically rely oncomprehensive feasibility reports on mineral reserve estimates toreduce the risks and uncertainties associated with a productiondecision. Historically, situations where the issuer decides to put amineral project into production without first establishing mineralreserves supported by a technical report and completing a feasibilitystudy have a higher risk of economic or technical failure, though someindustrial mineral ventures are relatively simple operations with lowlevels of investment and risk, where the operating entity hasdetermined that a formal prefeasibility or feasibility study inconformance with NI 43-101 and 43-101 CP is not required for aproduction decision. Based on historical engineering work, geologicalreports, historical production data and current engineering workcompleted or in the process by Ares, the Company intends to moveforward with the development of its Utah asset.
Certain information in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often identified by terms such as “will”,“may”, “should”, “anticipate”, “expects” and similarexpressions. All statements other than statements of historical fact included in this newsrelease are forward-looking statements that involve risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany’s expectations include the failure to satisfy the conditionsof the relevant securities exchange(s) and other risks detailed fromtime to time in the filings made by the Company with securitiesregulations. The reader is cautioned that assumptions used in thepreparation of any forward-looking information may prove to beincorrect. Events or circumstances may cause actual results to differmaterially from those predicted, as a result of numerous known andunknown risks, uncertainties, and other factors, many of which arebeyond the control of the Company. The reader is cautioned not toplace undue reliance on any forward-looking information. Suchinformation, although considered reasonable by management at the timeof preparation, may prove to be incorrect and actual results maydiffer materially from those anticipated. Forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thisnews release are made as of the date of this news release and theCompany disclaims any intention or obligation to update or revise suchinformation, except as required by applicable law.
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