Ares Strategic Mining Ltd. is pleased to announce the completion of its phase 1 drill program consisting of a delineation drill program at the Lost Sheep Mine. The Company has successfully mapped the location, size and orientation of one of the fluorspar pipes located on the property. Drilling focused on the Little Giant Pit within its fully permitted site. The pipe has an approximate surface projected dimensions of 60 [...]
Ares Strategic Mining Ltd. is pleased to announce a non-brokered private placement offering of approximately 10,000,000 units at a price of $0.08 per Unit for gross proceeds of approximately C$800,000. Each Unit shall consist of one common share in the capital of the Company and one-half of one common share purchase warrant . Each Warrant will be exercisable by the holder thereof into one common share of the Company at a [...]
Ares Strategic Mining Inc. today announced it has entered into a Definitive Agreement to acquire 100% of the Liard Fluorite project, the most significant fluorite prospect in BC. The prospects and deposits are located near the Liard River, and are accessible from mile 497 of the Alaska Highway, extending northwards for around 16km. Ares has acquired 100% of the 1,176 acres of targeted fluorspar prospects. The showings [...]
Ares Strategic Mining Inc. today announced it has commenced drilling at the Lost Sheep fluorspar mine. As part of Ares' planned production increase at its Utah Fluorspar mine, More Core from Stewart has been engaged to complete a Phase 1 drill program, consisting of 14 Reverse Circulation drill holes at the Lost Sheep mine, with a total depth drilled of 1,500 m. The first 8 holes are planned to better delineate the [...]
Ares Strategic Mining Inc. today announced it has entered into a Strategic Partnership with the Mujim Group, a large multinational fluorspar mining and distribution company. The Mujim Group has agreed to invest time and expertise in assisting Ares Utah located Fluorspar mine achieve greater production levels and efficiency. After visiting Ares' Lost Sheep mine, the Mujim Group invested in the Company to become large [...]
Ares Strategic Mining Inc. today announced a contract with More Core Diamond Drilling Services Ltd, to conduct RC drilling for additional fluorspar mineralization delineation at the Lost Sheep fluorspar mine in Utah for the purposes of mine planning. The drill program will seek to define the shape and volume of the known fluorspar mineralized pipes currently exposed at surface to depth at the Lost Sheep Mine, to [...]
Ares Strategic Mining Inc. today announced a contract with More Core Diamond Drilling Services Ltd, to conduct RC drilling for additional fluorspar mineralization delineation at the Lost Sheep fluorspar mine in Utah for the purposes of mine planning. The drill program will seek to define the shape and volume of the known fluorspar mineralized pipes currently exposed at surface to depth at the Lost Sheep Mine, to [...]
Ares Strategic Mining Inc. would like to welcome to the Ares team, Denise Nunes, a process engineer and metallurgist with over 20 years of experience, including employment with Ausenco, SRK Consulting, SGS, and JDS Energy and Mining. Denise has been employed to oversee the metallurgical and bench testing for the Company, and based on the results, design a processing facility for the Lost Sheep mine to produce acidspar and [...]
Ares Strategic Mining Inc. would like to announce that the Exchange Bulletin disclosing the TSX-V's approval for the Company's Mine Acquisition, its Private Placements, and its Shares for Debt, will be issued on February 28th, 2020, and that the Exchange has scheduled the Ares' stock to recommence trading on Tuesday, March 3rd, 2020. James Walker, President and CEO of the Company said, "We are very pleased to have fully [...]
Ares Strategic Mining Inc. is pleased to announce its attendance at the Prospectors & Developers Association of Canada 2020 Convention. Following the recent successful acquisition, raise, and company relaunch, Ares will be present at the convention to showcase its mine and future plans. PDAC 2020 will be located at the Metro Convention Centre in Toronto, Canada, and Ares will be showcasing the Company on 1st - 2nd of [...]
Ares Strategic Mining Inc. today announced that, further to its news releases of April 3, 2019, October 11, 2019, January 29, 2020 and February 10, 2020, it completed the acquisition of 100% of the Lost Sheep Fluorspar Mine from American Strategic Minerals Inc. The acquisition was structured as a three-cornered amalgamation pursuant to a definitive amalgamation agreement dated April 1, 2019, as amended . Pursuant to the [...]
Ares Strategic Mining Inc. announces that it has successfully completed its previously announced public offering of 22,175,987 shares and 11,087,993 warrants of Ares, at a price of $0.08 per unit. Each Warrant exercisable for a two-year period from the date of closing at an exercise price of $0.15. In addition to Sprott Capital Partners LP, several other brokers participated in the Offering, including, Canaccord Genuity [...]
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