Ares Strategic Mining Inc (QX) (ARSMF) News

Anyone still here? Here's an email update from the company:

To our Ares Shareholders,

This week, the Company successfully secured a significant financing from the US government and was recognized by the Utah Economic Council in their 2023 report to the Governor as a significant development for the state. In preparation for the construction work, Ares has been aligning its plans with the federally-backed financing and undergoing thorough evaluation and stress testing to meet the strict qualifications for the development funding.

The Company sought government funding to prevent dilution of its share structure and protect the value of shareholders' investments while also securing financing sources that are not affected by expected economic downturns that are currently impacting the industry and other junior companies. The company has been coordinating its development plans with the expected government funding timelines and successfully maintained progress despite the prolonged government process and schedules. Following the finance closing, the Company will move to accelerate its construction work and achieve its industry goals.

The Federally backed financing represents the first of two government backed financings won by the Company, with the second larger State backed financing anticipated later this year. The Company has received significant support from the State and Federal government, and established many valuable relationships which will greatly benefit its operations in the coming years.

Someone on another msg board mentioned this (take it with a grain of salt):
Further official financing and construction News Releases are planned for mid-February, after which the company's activity is expected to significantly increase.

Lump plant shipped 12/16/21

Maybe 5+ weeks to arrive

Add time for delays customs etc

Then ship to Utah

Stay patient

Anything happening with this yet? Any updates?

more good news!!

https://www.aresmining.com/post/ares-reports-large-geophysics-anomalies-at-its-mine-indicating-potential-additional-fluorspar-pipes

NEWS CLIP

https://www.bloomberg.com/press-releases/2020-10-20/mining-brief-global-fluorite-market-is-very-promising-as-fluorspar-beneficial-uses-and-applications-expand#:~:text=Fluorspar%20is%20an%20industrial%20mineral%20used%20in%20the,containing%2051.1%20percent%20calcium%20and%2048.9%20percent%20fluorine

more News
https://www.aresmining.com/post/ares-strategic-mining-launches-geophysics-survey-on-mine-site-and-future-mining-areas

News
https://www.aresmining.com/post/ares-strategic-mining-completes-conceptual-mine-planning

https://www.aresmining.com/

Metal?????

process plant purchase

https://www.aresmining.com/post/ares-strategic-mining-completes-purchase-of-lumps-plant-processing-facility

Full article
https://www.reddit.com/r/pennystocks/comments/lpmvdp/ares_strategic_mining_arsmf_the_critical/

Preview of article on Redditt...full article posted tomorrow per the author
https://www.reddit.com/r/speculator/comments/loo5h5/speculating_in_fluorspar_why_this_widely_used/

China targets rare earth export curbs to hobble US defense industry

https://arstechnica.com/tech-policy/2021/02/china-targets-rare-earth-export-curbs-to-hobble-us-defense-industry/

News on there site

Ares' Receives Final Assay Results from its Drill Programs to Delineate Fluorspar Mining Targets.
Ares discovers large high-grade fluorspar mineralization, at least 60 m down plunge, averaging over 80% pure fluorspar, and is still open at depth.

Greater mineralized fluorspar widths and consistent grades compared with first drill program.

Large fluorspar mineralized zones found at surface, averaging over 50% fluorspar.

High-grade veins found between fluorspar pipes.

Every drill hole intersected fluorspar during this exploration program.

Ares can now complete its mine plan and engineering work to progress into the construction phase of the project.


Vancouver, B.C. January 27th, 2021 — Ares Strategic Mining Inc. (“Ares” or the “Company”) (TSXV: ARS) (OTC:ARSMF) (FRA: N8I1), is pleased to announce it has received the remaining assay results from its delineation drilling program at its Utah fluorspar mine. Ares has successfully located and confirmed additional fluorspar mineralization within its permitted mining area, which will be included in its primary mining operation for 2021.

HERE WE GO...MONSTER IN THE MAKING

46 million in profit/ yearly after operations begin in May. We have some dilution going on lately. No doubt getting funds together for the operations. If we dont dilute too much this thing is worth 2.50 by may in my calculation.

look for 73c target in the weeks to come

ARS.V a beautiful weekly set up coming off consolidation...epic move ahead!!

very rare metal play... fluorspar...get ready to rumble

ARS.V this little gem miner is about to blow up

That's the interview from where I got the info/quotes. He's making good on what he outlined there for the plans/production process so far.

He seems very excited when asked about what's going to happen in the next 6-12 months with no mention of EV batteries. Seems to be intentionally omitting that subject matter for the time being.

They are the only US producer for now. We'll see if they can keep their moat because it's easy and cheap to mine fluorspar and seems to be a readily available mineral.

Interesting although the trading volume I'm seeing on the OTC is anemic for this ticker.

Sounds like much of what they're saying today, they were also saying 8 months ago....but - It's a good sounding story so

Only difference is how it has just gotten better with its'
conversion to an open pit mining plan and from 250t/d to 500t/d


Interesting how down south volume is 10x what Canada's is....That's so often not the case.



https://www.youtube.com/results?search_query=mexico+flourspar













Meanstwhile elsewhere - Do these guys have an otc symbol yet (used to have )....Quite the significant management team https://investorshub.advfn.com/C-3-Metals-Inc-tsxv-CCCM-38547/
And that volume spike's something (it's up 14 % this morn. to .08)






But, unfortunately - The S&P's overly dicey for buying longs !

And in fact it's getting SMOKED right now Last 325 aprox

Glad you found it before I tagged you with the DD. This one is hot off the presses. They just acquired that mine a few weeks ago and are already ramping up production.

Fluorspar is a vital mineral in the EV battery that no one is talking about. 70% of fluorspar comes from China and the rest is in Mexico and South America. It's mainly used in steel and aluminum manufacturing.

The CEO said they've had big boys like Thyssen Krupp and other steel/aluminum companies calling them up and saying "we'll take all you've got". This is without the EV manufacturers. They just did a capital raise in March and he said they will be self sustaining from here on out because it's so cheap to mine and the demand is off the charts.

Yeah looks like a breakout coming.

Hey - Nice find ! Chart looks decent : Potential breakout soon ?

https://c2789c21-62f1-4082-847e-d877f86d2499.filesusr.com/ugd/f57d32_fc113de525dc4800ab23e229b01e190a.pdf

Ares Strategic Mining Doubles Plant Capacity



https://www.zimtu.com/ares-announces-completion-of-successful-delineation-drill-program-at-the-lost-sheep-mine/

Fluorspar: One of the best kept secrets in the battery metals mix

Ares Strategic to start operations at only fluorspar mine in US

https://www.mining.com/ares-strategic-mining-allowed-to-start-operations-at-us-only-fluorspar-mine/

Ares Strategic Mining makes new fluorspar discovery at Lost Sheep Mine

https://resourceworld.com/ares-strategic-mining-makes-new-fluorspar-discovery-at-lost-sheep-mine/

Industrial Mineral Fluorspar Seeing Steady Gains While Quickly Rising in Demand

https://www.prnewswire.com/news-releases/mining-brief-industrial-mineral-fluorspar-seeing-steady-gains-while-quickly-rising-in-demand-301161766.html

Ares Mining has recently acquired the only permitted and producing fluorspar mine in U.S. - The Lost Sheep Mine. The Company is in the process of ramping up production through new equipment, designing a new plant tailored to the ore, acquiring new professional personnel and new strategic partners, and building a global customer base. The Company have offtake and MOU agreements with multinationals secured, and are designing new mining plans to optimize output, as well as acquiring infrastructure investment to meet the demands of the large American market which currently has to import all its fluorspar from abroad. The Company plans a large mining operation, capable of producing industry-grade metspar and acidspar for the world markets, and a thriving, consistent, and healthy business through the next several decades.

ARSMF one for 100 reverse split:

http://otce.finra.org/DLSymbolNameChanges

Avesoro, formerly ARSMF, took a slight gain today on 1.9m volume.

As Promised, the name change took place today.

Aureus Mining shares higher as it completes US$76mln fundraise
10:13 06 Dec 2016

Aureus Mining Inc (LON:AUE, TSE:AUE) shares nudged higher as it issued a corporate update, saying its equity fundraise to bring in around US$76mln, as part of a refinacing, had completed.

In addition, its documents to change the company name to Avesoro Resources Inc have been filed and should take effect on Wednesday (December 7).

The fundraise was made up of a subscription from major shareholder and Turkish conglomerate MNG to the tune of US$60mln. The remainder came from a placing and broker option.

Also today, Aureus said its transition to an owner-operator model, as previously reported, was now complete.

Teething problems and issues with the tailings operation at the group's New Liberty mine in Liberia have meant commercial production was declared much later than anticipated.

Bu the mine is now running well, the firm has said.

Production in September was 6,000 ounces (oz) and the group is now targeting 100,000 oz in 2017 at an all-in-sustaining cost of US$845 per ounce.

http://www.proactiveinvestors.co.uk/companies/news/170040/aureus-mining-shares-higher-as-it-completes-us76mln-fundraise-170040.html

Aureus Mining changes name to Avesoro Resources
08:05 09 Dec 2016
Earlier this week, Aureus issued a corporate update, saying its equity fundraise, as part of a refinancing, had completed.

Aureus Mining Inc (LON:AUE, TSE:AUE) has become Avesoro Resources Inc and its stock ticker will change to 'ASO' in London and Toronto as of Monday (Dec 12).

The firm also confirmed that the change of its website address to www.avesoro.com will also take effect from Monday.

Earlier this week Aureus issued a corporate update, saying its equity fundraise to bring in around US$76mln, as part of a refinancing, had completed.

The fundraise was made up of a subscription from major shareholder and Turkish conglomerate MNG to the tune of US$60mln. The remainder came from a placing and broker option.

Aureus also said its transition to an owner-operator model at the New Liberty mine in Liberia, as previously reported, was now complete.
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TORONTO, Dec. 9, 2016 /CNW/ - Further to the announcement of 6 December, the Company confirms that following its name change to Avesoro Resources Inc., trading in the Company's shares on AIM and TSX under the new TIDM "ASO" will commence with effect from 12 December 2016.
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I'm gonna withhold comment till Monday earliest but I'm mildly positive over neutral on this development.

Aureus Mining Inc. changed to Avesoro Res Inc.

http://otce.finra.org/DLSymbolNameChanges

Can some one correct the numbers, I show that 125.63 % 0f the stock has been sold. What up with that???

Investment summary...


• Dual listed (AIM / TSX)
• Gold producer, developer and explorer.
Attractive Economics of New Liberty Gold Mine, Liberia
• Liberia’s first commercial gold mine
• High grade open pit reserve of 8.5m tonnes at 3.4 g/t, supporting LOM production of 859 Koz+
• All in Sustaining LOM Cash Costs < US$ 900/oz
• Ramping up to commercial production in Q1 2016
Upside From Significant Exploration Potential
• Licence portfolio of 1,683 km2 positioned along major gold bearing structures for + 80 km
• Over 1 Moz outlined outside New Liberty (< 1% of the area drill tested)
• Two +15 km gold belts located within a 15 km radius of New Liberty
• Satellite potential around New Liberty
Experienced Management Team
• Board of Directors and management team with considerable West African experience

MNG Gold will take a 55% stake in the company through a US$30mln share subscription.

http://www.proactiveinvestors.co.uk/companies/stocktube/5150/mng-gold-deal-allows-aureus-mining-to-move-forward-in-much-stronger-direction--5150.html

Exposure to a solid low cost producer.

Undervalued at these levels.

Looks like toxic financing used to pay down debt financing. downward spiral going on despite a recovering commodities market. shorting apparent along with dumping of shares. recovery percentage should be better. profit margin too slim on paper. skimming going on. gold has a way of disappearing from the shaker table ...so to speak. wonder what the value of that "waste" could be after an assay????

Prognosis: should see a recovery of pps after this first year of operation should the financing debt service be reset by Rand etc.

Risk: Take Over by Rand and others, or planned bankruptcy to grab company assets from stockholders.

oh no, i am talking to myself!

temporary shutdown with crusher, continued mining and stockpiling while new equipment on the way. could be a good entry point should stock react down. 10 million ounces already processed.

OK, let's start this out. I've been following this about a year.
Gold prices have declined all during the past year slong with most commodities. Mining just commenced this late summer with first gold pour last month. Would have expected price appreciation with opening of mine, but didn't happen. Assay reports show high gold concentrations. Stock will have to climb up as gold prices are now recovering. Should get interesting when financials come out.