Ares Strategic Mining Completes Secondary Ventilation System at its Mine, Clearing Path for Industrial-Scale Mining

Core Insights - Ares Strategic Mining Inc. has successfully completed and activated its secondary underground ventilation system at the Lost Sheep Fluorspar Mine, enabling the company to commence industrial-scale mining operations in compliance with MSHA standards [1][6]. Infrastructure Development - The secondary ventilation system includes a 75-horsepower, 30-inch diameter fan that generates a minimum of 30,000 cubic feet per minute (CFM) of fresh airflow, ensuring a safe operating environment [5]. - The fan was custom-built by ABC Ventilation Systems and installed along a dedicated ventilation raise that also serves as a second egress pathway, meeting MSHA's redundancy and safety requirements [5]. - The completion of the ventilation system finalizes all critical underground infrastructure required for continuous mining operations at scale [6]. Production Readiness - With the ventilation system operational, the company is cleared to begin ore extraction at industrial levels, supporting near-term stockpiling and processing targets [7]. - Ares is positioned uniquely as the only permitted and operational fluorspar mine in the United States, which is critical for supporting North American industrial supply chains and reducing dependence on foreign sources [7]. Financial Developments - Ares has settled an aggregate of $64,901.13 of debt incurred for accounting and financial services by issuing 150,933 common shares at a deemed price of $0.43 per share [8]. Project Overview - The Lost Sheep Fluorspar Project encompasses 5,982 acres with 353 claims, located in Juab County, Utah, approximately 214 km south-west of Salt Lake City [14]. - The project is fully permitted, including mining permits, and has been identified to contain extensive high-grade fluorspar with low levels of impurities [14].