Business
Ares Strategic Mining Completes Purchase Agreement for 50-Acre Industrial Property
(TheNewswire) Property possesses $2M of infrastructure and buildings, sav...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Ares Strategic Mining Completes Purchase Agreement for 50-Acre Industrial Property \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Property possesses $2M of infrastructure and buildings,\nsaving Ares construction costs and time\n \n \n \n \n \n \n Property contains its own water wells to supply the\nAres processing operation\n \n \n \n \n \n \n Direct access to highway, power, water, and\ngas\n \n \n \n \n \n \n Property is several miles from Delta City, requiring no\nmining camp for employees\n \n \n \n \n \n \n Vancouver, B.C. June 27\n \n \n th\n \n \n , 2022 —\n \n \n TheNewswire -\n \n \n Ares\nStrategic Mining Inc. (the “Company”) (CSE:ARS) (OTC:ARSMF)\n(FRA:N8I1), is pleased to announce that the Company has concluded\nnegotiations and signed a purchase agreement for a 50-acre,\nindustrially zoned, manufacturing site, for its upcoming fluorspar\nprocessing operation. The property is located in Delta, Utah, the\nclosest city to the Company’s fluorspar mine and claims.\n \n \n \n \n The new property is already fitted with utilities, and\npossesses its own water well, reducing reliance on local water\nnetworks. The facilities will be able to locate both Ares’ lumps and\nflotation plants, and house a large tailings facility for the coming\ndecade. The property is connected directly to its mine and claims\nthrough highways and heavy industrial roads, requiring no\ninfrastructure upgrades outside of the facility to receive material.\n \n \n \n \n The Company will now deliver to its new site all its\npurchased plant and equipment, and begin the installation of its\nprocessing facilities. The Company will no longer have to return\ntailings to site, either storing them within the anticipated tailings\ndam, or selling the waste aggregate to local businesses and\nconstruction projects.\n \n \n \n \n James Walker, President and CEO of the Company said,\n“Securing the processing site is a major advance towards production.\nLocating the most suitable site required balancing the site’s size,\nlocation, facilities, accessibility, suitability, and cost – the\nCompany believes it has located the best and most balanced industrial\nfacility and land available. The new acquisition means no second site\nis needed for the second processing facility, and staff can be more\nefficiently...