Ares Strategic Mining Hits Saleable Fluorspar Grade, Transitions to Direct Management

Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N811) has achieved a significant operational milestone: producing metallurgical-grade fluorspar (“metspar”) lumps at saleable grade that meet the customer specifications targeted for its initial deliveries. The company also announced the transition of site operations from Provo Mining and Construction, Inc. (“Provo”) to direct Ares operational management, with Director and Chairman of the Mujim Group, Mr. Bob Li, stepping in to lead the transition. Mr. Li, who brings extensive experience in fluorspar mining, processing, plant design, and metallurgy, is now on site in Delta and will continue to serve on the Board. His focus will be on consistent product quality, efficient plant operation, operator development, and close coordination between mine supply and processing.

Throughout September and October, the Delta team increased plant feed from the Lost Sheep Mine and carried out product testing and process optimisation, resulting in fluorspar lumps coming off the production line at saleable grade. Although ramp-up has taken longer than planned, the company is focused on consistently repeating product quality, increasing saleable output, and coordinating production with customer delivery requirements. First commercial shipments and sales are expected to commence in November, subject to final customer acceptance and shipping arrangements. The handover from contractor-led development to direct Ares management is expected to complete in mid-December 2026, preserving site knowledge while bringing production planning, maintenance, staffing, and operating priorities under coordinated Ares leadership. As part of the transition, Ares agreed to settle US$1,000,000 of outstanding debt owed to Provo, assigned to Roy Durr, through the issuance of 5,550,588 common shares at a deemed price of C$0.255 per share, reducing liabilities and preserving cash. Click here to see (L-R) - Mr. Lumin Ma - Geotechnical Engineer & Mr. Bob Li - Director.

CEO James Walker commented, “As Ares grows its manufacturing activities and transitions its operations, experienced operational leadership is central to converting installed infrastructure into dependable commercial output, and Bob’s knowledge of the plant and the product makes him the right person to lead operations.” Ares Strategic Mining is a junior mining company focused on developing its fluorspar projects in the U.S., aiming to become a significant supplier of high-grade fluorspar to North American markets. The Lost Sheep Fluorspar Project in Delta, Utah, is 100% owned, fully permitted, and contains extensive high-grade fluorspar with low impurities. For further information, contact James Walker at [email protected]. View the original release on www.newmediawire.com.