Ares Strategic Mining Launches Gallium Recovery Program with U.S. Institutions

Ares Strategic Mining ( (TSE:ARS) ) has provided an update.

Ares Strategic Mining has initiated a research collaboration with Iowa State University and Ames National Laboratory to explore gallium extraction from its fluorspar ores in Utah. This initiative positions Ares to expand into the critical materials market, potentially enhancing its strategic value by tapping into domestic gallium supplies amid global pressures to secure non-Chinese sources.

Spark’s Take on TSE:ARS Stock

According to Spark, TipRanks’ AI Analyst, TSE:ARS is a Underperform.

Ares Strategic Mining’s overall stock score reflects substantial financial risks due to no revenue and high debt. Despite positive corporate developments and some technical momentum, the current financial instability poses significant challenges. Valuation metrics further underscore these risks, suggesting a cautious approach.

To see Spark’s full report on TSE:ARS stock, click here.

More about Ares Strategic Mining

Ares Strategic Mining Inc. is a mining company focused on developing fluorspar projects in the U.S., aiming to become a significant supplier of high-grade fluorspar to North American markets. The company operates the Lost Sheep Fluorspar Project in Delta, Utah, which is fully permitted and has been identified to contain extensive high-grade fluorspar with low impurities.

Average Trading Volume: 113,744

Technical Sentiment Signal: Buy

Current Market Cap: C$49.33M

For an in-depth examination of ARS stock, go to TipRanks’ Overview page.