January 19, 2021 – Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”) announces the first Zoom with Zimtu investor presentation for 2021 with Rockstone Research featuring the fluorspar market, on Wednesday January 20th.
Fluorspar (also called fluorite) is the mineral form of calcium fluoride, CaF2. An important industrial mineral, fluorspar is considered a critical mineral by the European Union and the United States. Critical minerals are metals and non-metals that are considered vital for the economic well-being of the world’s major and emerging economies, yet whose supply may be at risk due to geological scarcity, geopolitical issues, trade policy or other factors.
Fluorspar is an essential raw material to the steel, aluminium, pharmaceutical, and chemical industries in two marketable products: acid spar grade and met spar grade. Fluorspar cannot be recycled and must be continuously mined to feed the world’s growing demand. Today the market is in a state of flux, because in 2018 China, the world’s largest producer and consumer of fluorspar, became a net fluorspar importer for the first time. This is mainly attributed to Chinese industrial users whom consume most of China’s domestic production in steel manufacturing.
To participate in Wednesday’s Zoom with Zimtu investor presentation please note the following:
Date: Wednesday January 20th
Start time: 10:00 AM PST (Vancouver) / 1:00 PM EST (Toronto) / 7:00 PM CET (Frankfurt)
Where: Virtually via Zoom Video Conferencing
Zoom video link to join: https://us02web.zoom.us/j/81216258103
Wednesday’s ‘Zoom with Zimtu’ presentation will also feature Stephan Bogner from Rockstone Research who will begin the presentation with a discussion of the current state of the fluorspar market. Rockstone Research specializes in the analysis of capital markets and publicly listed companies. Also presenting will be representatives from three ZimtuADAVANTAGE companies currently active in the fluorspar space but at different stages of resource development, namely Ares Strategic Mining, Commerce Resources & Saville Resources.
Ares Strategic Mining
With the U.S. currently importing 100% of its fluorspar, Ares Strategic Mining Inc. (TSX.v: ARS) is breaking through that barrier with its permitted mine and its plans to open the country’s only fluorspar mine in Utah. For more information about Ares Strategic Mining please visit https://www.zimtu.com/zimtumedia/#ares-mining. To read today’s news regarding advances at Ares’ ‘Lost Sheep’ fluorspar mine in Utah, please see below.
Critical minerals like rare earths are becoming ever more important in today’s technology-focused world. Commerce Resources’ (TSX.v: CCE) Ashram Deposit project in Quebec is one of the largest rare earth elements & fluorspar deposits currently working towards pre-feasibility. For more information about Commerce Resources please visit https://www.zimtu.com/zimtumedia/#commerce-resources.
The principal asset of Saville Resources (TSX.v: SRE) is the Niobium Claim Group Property in Quebec, Canada, which is highly prospective for fluorspar, niobium and tantalum, all three declared critical minerals in the US and Europe. For more information about Saville Resources please visit https://www.zimtu.com/zimtumedia/#saville-resources.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that invests with the objective of achieving long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The Company trades on the TSX Venture Exchange under the symbol “ZC” and Frankfurt under symbol “ZCT1”. For more information, please visit https://www.zimtu.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Ares Strategic Mining’s Process Team Achieves 99.9% Pure Fluorspar and 92% Recoveries for
- The Company achieves almost entirely pure fluorspar (CaF2) during recent refinement work.
- Ares greatly improves recoveries for all its upgrading processes through processing advances.
- The Company achieves 92% recoveries for 93% CaF2 metspar product.
Vancouver, B.C. January 19th, 2021 — Ares Strategic Mining Ltd. (“Ares” or the “Company”) (TSXV: ARS) (OTC:ARSMF) (FRA: N8I1), is pleased to announce the Company’s metallurgists and process engineers have greatly improved both grades and recoveries during on-going metallurgical work.
The Company has been continuously refining its flotation and upgrading processes, and its flotation expertise ever since achieving its desired product of acidspar. Acidspar is a 97% CaF2 (fluorspar) product which comprises almost 70% of the fluorspar market. Acidspar is required for aluminum manufacture, fluorine for medical ingredients, refrigeration units, Teflon, hydrofluoric acid, and electronics. Through continued work the Company has refined its metallurgy and processing, to achieve an almost completely pure CaF2 product from its raw fluorspar taken from its Utah mine.
Additionally, the Company has been working to improve the amount of material recovered during its upgrading process. Through a combination of adjusted reagent levels, float times, grind size, and collectors, the Company has determined the best methodologies for its particular fluorspar deposit and has achieved over 92% recoveries when manufacturing its high grade metspar – another fluorspar product. Metspar is used in the manufacture of steel, ceramics, fiberglass, and assists with desulfurization and dephosphorization during smelting processes to enhance the tensile strength of forged metals. A metspar product of over 90% CaF2 is considered high-grade, and commands higher selling prices than more common metspars. The Company’s metallurgists have produced a 93% pure metspar from its naturally occurring fluorspar, while only losing 8% during the flotation process. These advances act to greatly increase both the output and value of the Company’s planned industrial products.
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.
James Walker, President and CEO of the Company said, “These recent processing advancements are tremendous to see. We have been continuously working at improving all our processes as we finish our mine planning and engineering work, and these metallurgy advances combine to greatly improve the economics of the project. These advances show much improved recoveries, meaning more product for market, as well possessing us with the knowledge and expertise to make an almost entirely pure product, several percent above the highest-grade purity required by industry. This advance gives us large margins of error that assure us a higher certainty of always meeting our manufacturing targets, while also preserving as much fluorspar as possible.”
Raul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release. Mr. Sanabria is not independent to the Company as he is a Director and shareholder.
Lost Sheep Fluorspar Project – Delta, Utah
- 100% owned – 2,100 acres – 108 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
 First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.
Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – 12th December 2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING LTD.
Chief Executive Officer and President
For further information, please contact Mark Bolin by phone at 604-781-0535 or by email at firstname.lastname@example.org
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.