·
The plant will be the first of its kind in North America.
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Once operational the plant will produce the only domestic supply
of fluorspar in the US.
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Plant optimization expertise supplied by international fluorspar
producers.
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Product predominantly anticipated to fuel the steel
industry.
·
Significant interest expressed in Ares’ anticipated products by
international and domestic manufacturers.
Vancouver, B.C.
– TheNewswire – July 11th, 2022 — Ares Strategic Mining Inc. (the
“Company”) (CSE:ARS) (CNSX:ARS.CN) (OTC:ARSMF) (FRA:N8I1), is pleased
to announce that the Company’s plant equipment and steel has arrived at its new
industrial site in Delta, Utah. The plant is a large 3-storey facility, which
will be the only one of its kind in North America. The plant equipment and
steel, involving 11 shipping containers, were shipped from Asia and was routed
through Long Beach, California.
Ares’ strategic partner in
Asia, the Mujim Group, has committed to provide labor and expertise for the
installation and optimization of the plant. Mujim has already commissioned
several fluorspar mining operations in Asia, most notably in Thailand and Laos,
and have agreed to share their expertise and experience to assist Ares commence
operations as efficiently as possible. Mujim’s Executive Chairman, Mr. Bob Li,
will oversee the installation and initial production, and will be appointed as
the Chief Technology Officer for the plant commissioning.
Industrial manufacturers, both
international and domestic, have expressed considerable interest in the product
and are currently in negotiations with the Company to develop contracts for
future purchases of the metallurgical fluorspar lumps. The lumps are expected
to principally supply the steel industry, but will also feed into the ceramics
and glass industries.
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.
James Walker, President and CEO
of the Company said, “All the components of our operation, construction, and
production are lining up. We are planning to coincide the work to begin the
mining with the infrastructure and processing construction, as well as the
release of negotiated US government grants allocated for our project. We have
obtained enormous support locally, with nearby operations offering to assist us
with the supply of power, land, and even rail spurs for shipping our product.
We have long-term plans for project and Company expansion over the coming years
and anticipate becoming an important part of the US industrial landscape.”