Ares Strategic Mining Secures Equipment for Utah Operations Ramp-Up

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

Ares Strategic Mining Inc. has acquired key underground mining equipment to prepare for an anticipated ramp-up of operations at its Utah site. This strategic move is part of the company’s broader initiative to accelerate site development and position itself for sustained production growth. The acquisition is expected to enhance operational efficiency and support Ares’ commitment to bringing the Utah project to full production swiftly. Additionally, the classification of fluorspar as a Critical Mineral by the U.S. government facilitates a faster permitting process, which could benefit Ares’ operations.

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 supports industries vital to modern technology and infrastructure, with its fully permitted Lost Sheep Fluorspar Project located in Delta, Utah.

YTD Price Performance: -7.14%

Average Trading Volume: 182,948

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $23.32M

Learn more about ARS stock on TipRanks’ Stock Analysis page.