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home / news releases / ARSMF - Ares Strategic Mining gets $4.92M financing approval

ARSMF - Ares Strategic Mining gets $4.92M financing approval

Aureus Mining Inc
  • Ares Strategic Mining ( OTCQX:ARSMF ) announces the approval of $4.92M financing from the U.S. Department of Agriculture (or USDA) under its Business and Industry Guaranteed Loan Program ((B&I)).
  • The B&I program is deployed by the Federal Government to promote rural development and higher paying wages.
  • The funds will be deployed to create value for investors with a focus on production and developing cashflow for the company.
  • James Walker, President and CEO comments: “This financing is a major advancement for the Company, and great news for our shareholders. We have already obtained the industrial land, plant, and expertise needed to construct our facility. The financing provides the company with the resources it needs to complete the lumps plant manufacturing operation construction, complete the tailings dam, upgrade the water wells, finish the rail spur, and have an operational facility ready to manufacture.”

For further details see:

Ares Strategic Mining gets $4.92M financing approval
Stock Information
Company Name: Aureus Mining Inc
Stock Symbol: ARSMF
Market: OTC
Website: aresmining.com
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