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An update from Ares Strategic Mining ( (TSE:ARS) ) is now available.
Ares Strategic Mining has secured a multi-year contract from the U.S. Department of Defense, initially valued at approximately $169 million under a five-year IDIQ framework with a ceiling of up to $250 million, to supply acid-grade fluorspar. The deal establishes Ares as the sole domestic supplier of acidspar to the U.S. government and underscores the strategic importance of its Utah-based Lost Sheep Project, marking a major step in reducing America’s historical 100% import dependence on fluorspar and reinforcing domestic critical mineral security for defense, industrial manufacturing, and advanced technology sectors.
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 U.S.-focused mining company developing fluorspar projects, notably its fully permitted, 100%-owned Lost Sheep Fluorspar Project in Utah. The company aims to become a significant supplier of high-grade, acid-grade fluorspar to North American markets, serving industries tied to modern technology, infrastructure, and critical mineral supply chains.
YTD Price Performance: 56.82%
Average Trading Volume: 403,809
Technical Sentiment Signal: Buy
Current Market Cap: C$139.9M
See more data about ARS stock on TipRanks’ Stock Analysis page.