Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) has announced a strategic evolution of its Board of Directors as the company advances toward its next phase of growth, operational maturity, and planned transition to a senior U.S. exchange. To support ARES' continued expansion and increasing engagement with U.S. institutional, commercial, and financial markets, the company has appointed Lorenzo Esteva to the Board of Directors.
Mr. Esteva brings more than 30 years of senior financial, restructuring, wealth management, corporate advisory, and international business experience across the United States and Latin America. His background includes senior leadership roles at UBS Financial Services, Merrill Lynch, Prospero International, and Golden Ratio CS LLC. Throughout his career, Mr. Esteva has specialized in institutional and private capital markets, corporate restructuring and operational optimization, international business expansion, strategic partnerships and mergers, ultra-high-net-worth client advisory, and cross-border finance and offshore operations.
James Walker, President and CEO of Ares Strategic Mining, commented: "As Ares continues to mature into a larger and more institutionally focused company, it is essential that our Board evolves alongside it. Lorenzo brings an exceptional combination of banking, corporate finance, restructuring, and international commercial expertise that will be invaluable as we continue scaling operations, expanding internationally, and preparing for the next level of public market participation."
The Board transition reflects Ares' evolution from a development-stage mining company into an emerging strategic materials supplier with active mining operations, expanding processing infrastructure, major U.S. government contracts, increasing international commercial opportunities, and planned uplisting initiatives. Mr. Esteva's appointment is expected to strengthen the company's institutional market readiness, banking and financial relationships, commercial structuring capabilities, international business development efforts, and strategic growth planning.
"Ares is entering a transformative period," added Walker. "Our operational progress, strategic government relationships, and expanding market position require a board with deep commercial and financial expertise capable of supporting a company operating at a much larger scale." As part of this transition, Paul Sarjeant and Raul Sanabria have stepped down from the Board of Directors. The company thanked both individuals for their commitment and guidance during Ares' formative growth stages and its advancement toward becoming the only domestic fluorspar producer in the United States.
Mr. Esteva is a seasoned financial executive and strategic advisor with decades of experience in corporate finance, operational restructuring, capital solutions, and international business expansion. He graduated with honors from Tufts University in Boston, MA with degrees in Economics/Finance and Classical Studies. His expertise spans business development, risk management, capital structuring, mergers and acquisitions, financial optimization, and strategic operational growth.
Ares Strategic Mining Inc. is focused on the development of its fluorspar projects in the U.S., aiming to become a significant supplier of high-grade fluorspar to North American markets. The company's Lost Sheep Fluorspar Project in Delta, Utah, is 100% owned with 5,982 acres and 353 claims, fully permitted including mining permits. A NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities, and the mining plan has been approved by the Bureau of Land Management.
