Overview
Description
Ares Strategic Mining Inc. is a Canada-based junior mining company specializing in the exploration and production of fluorspar, a critical mineral used in industrial processes such as aluminum production, steel manufacturing, and the creation of hydrofluoric acid. The company’s flagship asset is the Lost Sheep Mine in Utah, which is notable as the only permitted fluorspar mine in the United States. By owning and developing this mine, Ares Strategic Mining addresses the strategic imperative to reestablish a domestic supply of fluorspar in North America, reducing reliance on imports for this essential material.
The company’s operations encompass both the extraction of raw fluorspar ore and the development of advanced flotation and processing facilities. These efforts position Ares Strategic Mining as the only domestic producer of high-grade fluorspar products in the U.S., generating significant interest from both domestic and international markets. The company’s activities support key sectors in the basic materials and specialty mining industries, and play a vital role in U.S. supply chain security for critical minerals.
About
CEO
Employees
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Address
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Instrument type
Common stock
Sector
Industry
Country
Germany
MIC code
XMUN