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The latest announcement is out from Ares Strategic Mining ( (TSE:ARS) ).
Ares Strategic Mining Inc. has announced the issuance of common stock to settle debts as part of its preparation for an anticipated ramp-up in its Utah operations. This move is part of broader efforts to accelerate development, supported by institutional investment facilitated by Craven Capital, which will receive a fee and warrants as compensation for its role in the capital raise.
More about Ares Strategic Mining
Ares Strategic Mining Inc. operates in the mining industry, focusing on the extraction and development of strategic minerals. The company is primarily involved in the production and development of fluorspar, a critical mineral used in various industrial applications.
YTD Price Performance: -20.14%
Average Trading Volume: 202,036
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $19.45M
For detailed information about ARS stock, go to TipRanks’ Stock Analysis page.
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