- SFC Tec are an experienced local welding and steel fabricating business, with extensive commercial infrastructure installation experience.
- SFC is a local company able to design, fabricate, and erect the plant and building efficiently, while minimizing the total project time and cost.
- SFC Tec have already started site preparation work, equipment assembly, and permitting upgrades.
Vancouver, BC – TheNewswire – September 14, 2023 – Ares Strategic Mining Inc. (“ Ares ” or the “ Company ”) (CSE:ARS) (OTC:ARSMF) (FRA:N8I1) , is pleased to announce the Company has contracted the services of SFC Tec, a company specializing in commercial installations, fabricating and installing infrastructure and steel buildings, and welding and assembly construction.
SFC Tec is a local business, able to provide Ares with the best possible value by drawing from personnel within the local community to prepare, install, and construct the Ares plant. SFC is able to fabricate buildings with large spans with dimensions customized to fit your equipment and storage needs. Because our buildings are 100% designed and built in Utah, we can design, fabricate, and erect the building efficiently and minimize the total project time. We can also ship building packages that are ready to erect and assemble.
SFC Tec have begun site preparation, identifying the area best able to accommodate the plant, clearing and leveling the terrain, preparing the site plan and the new plant’s steel for erection to house the new facility. Ares is now working with the city to advance the project in line with local requirements, visiting with council and city planners as it coordinates its work. Ares has recently purchased all the motors and conveyor belt systems necessary to connect the plant’s operation, which are due to be delivered to the Company’s industrial estate in October.
James Walker, CEO and President of the Company, said, “It’s extremely gratifying to see the work progressing at site, and gradually having our planning materialize into our fluorspar manufacturing operation. As can be expected, an operation can take significant planning, time, resources, and investment, which we have managed to achieve economically and conservatively with the assistance of our very committed staff. We’re looking forward to further announcements and releasing more updates as we progress work in Utah towards commissioning the only fluorspar manufacturing operation in the United States.”
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.
Lost Sheep Fluorspar Project – Delta, Utah
- 100% owned – 5,982 acres – 353 Claims.
- Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.
- Fully Permitted – including mining permits.
- NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.
- Mining plan approved by BLM 1
First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.
Renewed by Mike Gates – Minerals Program Manager, Bureau of Land Management – 12th December 2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC.
Chief Executive Officer and President
For further information, please contact James Walker by email at firstname.lastname@example.org
DISCLOSURE AND FORWARD-LOOKING STATEMENTS:
Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Historically, situations where the issuer decides to put a mineral project into production without first establishing mineral reserves supported by a technical report and completing a feasibility study have a higher risk of economic or technical failure, though some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of its Utah asset.
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.