Published: December 1, 2020 |

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Ares Strategic Mining has made several major advances towards its planned mining operation, including approval to commence mining operations, an approved environmental permit, additional land for stockpiling mined product, and local government support for construction work and facility upgrades.

Following several successful meetings last week with local government and regulators, the company has successfully put arrangements in place to begin mining operations and construction work. The company has also acquired additional land for the purposes of stockpiling product to ensure a constant feed for processing is available, especially during winter months and mine shut down periods for construction work and upgrades.

The United States has also issued a new executive order on September 30 concerning critical minerals, of which Fluorspar has been included. Because of the national importance of reliable access to critical minerals, the President has signed this executive order to ensure a secure and reliable supply of critical minerals. 35 minerals were identified which have been deemed essential to the economic and national security of the United States, and which have supply chains that are vulnerable to disruption. These minerals are essential to the manufacturing of US products, the absence of which would have significant consequences for the US economy or its national security. Fluorspar meets all these criteria and is one of the few minerals on this list which is 100 percent imported from abroad. This development will mean excellent government support to ensure the success of the Company and its mining operations.

“Ares is making great advances towards its expanded mining and processing operation. We have a tremendous amount of support and cooperation in Utah, from both the local government and the regulators, who are invested in our success for the benefit of both the local community and the State. These advances are running parallel with the great results from the current drill program, which have identified large high-grade fluorspar mineralization zones within the company’s permitted mining area,” said James Walker, president and CEO.

“The additional security of knowing we will be supported by the government through the new executive order puts Ares in a very secure position and gives our company and shareholders added protection,” added Walker.

About Ares Strategic Mining
Ares Strategic Mining Inc. constructs energy projects. The company engages in production of ore and other mining products, as well as infrastructure investment solutions. Ares Strategic Mining serves customers worldwide.

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