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Ares Strategic Mining Announces Increase in Institutional Investment
VANCOUVER, BRITISH COLUMBIA - April 2, 2025 (NEWMEDIAWIRE) - Ares Strategic Mining Inc. ("Ares" or the "Company") (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to announce a significant increase in institutional investment from UK-based investment f...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA - April 2, 2025 (NEWMEDIAWIRE) - Ares Strategic Mining Inc. ("Ares" or the "Company") (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to announce a significant increase in institutional investment from UK-based investment firm Sorbie Bornholm LP ("Sorbie"). This increased financial backing from Sorbie signals a deepening partnership and a resounding vote of confidence in Ares' strategy and long-term vision.","length":471,"tagName":"p"},{"type":"text","content":"Following Sorbie's initial equity investment announced in 2024, this enhanced commitment reinforces the investor's support for Ares' transformation from a mining company into a fully integrated North American fluorspar manufacturer. The additional capital injection is expected to accelerate site development, boost manufacturing capabilities, and further solidify Ares' position in the global fluorspar market.","length":427,"tagName":"p"},{"type":"text","content":""Since Sorbie's entry as a strategic partner, we've made substantial progress across our operations, said James Walker, CEO of Ares. "This new wave of institutional support enables us to maintain momentum as we scale up, acquire critical equipment, and ramp up our Utah operations. Sorbie's growing investment is a powerful endorsement of our path forward, and we look forward to continuing to deliver on our shared vision."","length":451,"tagName":"p"},{"type":"text","content":"The increased institutional investment comes at a pivotal time, as Ares prepares to transition from construction to production and become a stable domestic source of fluorspar, a critical mineral with wide-reaching industrial applications.","length":239,"tagName":"p"},{"type":"text","content":"In 2018 the U.S. government classified fluorspar as a Critical Mineral," deemed critical to U.S. national security and the economy." Fluorspar remains the only non-metallic Critical Mineral, which is 100% imported in the entire country. Fluorspar's classification as a Critical Mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than operations for conventional minerals.","length":457,"tagName":"p"},{"type":"text","content":"The Issuer's hedging arrangements with So...