Business
Ares Strategic Mining Announces DTC Eligibility for its Common Shares
(TheNewswire) Vancouver, B.C. - TheNewswire - June 1 st , 2021 —...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Ares Strategic Mining Announces DTC Eligibility for its Common Shares\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n TheNewswire -\n \n June 1\n \n st\n \n , 2021 — Ares Strategic\nMining Inc. (“Ares” or the “Company”) (TSXV:ARS) (OTC:ARSMF)\n(FRA:N8I1), is pleased to announce that its common shares (including\nthose traded on the OTCQX) are now eligible for electronic clearing\nand settlement through the Depository Trust Company (\"DTC\")\nin the United States.\n \n \n DTC is a subsidiary of the Depository Trust & Clearing\nCorporation, a U.S. company that manages the electronic clearing and\nsettlement of publicly traded companies. Securities that are eligible\nto be electronically cleared and settled through DTC are considered to\nbe \"DTC eligible\". DTC eligibility is expected to create a\nseamless process of trading and enhance liquidity of the Company's\ncommon shares in the United States over time.\n \n \n \n James Walker, President and CEO of the Company said,\n“The ability to have Ares’ shares electronically cleared and\nsettled in the U.S. is more convenient and reduces the costs incurred\nin trading shares\n \n .\n \n With our shares traded\nelectronically, existing investors benefit from greater liquidity over\ntime and execution speeds, while new investors are far less restricted\nfrom investing in our stock.”\n \n \n \n \n About Ares\n \n \n \n \n Ares Mining owns the only permitted fluorspar mine in\nU.S. The Company is in the process of ramping up production through\nnew equipment, designing a new plant tailored to the fuorspar,\nacquiring new professional personnel, and new strategic partners, and\nbuilding a global customer base. The Company is designing new mining\nplans to optimize output, as well as infrastructure investment so we\ncan meet the demands of the large American market which currently has\nto import all its fluorspar from abroad. Ares has ambitions to create\na large mining operation, capable of producing industry-grade metspar\nand acidspar for the world markets, and a thriving, consistent, and\nhealthy business through the next several decades.\n \n \n \n Disclosure: Companies typically rely on comprehensive feasibility\nreports on mineral reserve estimates to reduce the risks and\nuncertainties ass...