Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) announced the successful completion and activation of its secondary underground ventilation system at the Lost Sheep Fluorspar Mine in Juab County, Utah. This milestone marks the final regulatory and operational hurdle required to begin industrial-scale mining operations in full compliance with Mine Safety and Health Administration standards.
The secondary ventilation system includes a 75-horsepower, 30-inch diameter fan custom-built by ABC Ventilation Systems, generating a minimum of 30,000 cubic feet per minute of fresh airflow. Installed along a dedicated ventilation raise that also serves as a second egress pathway, the system meets MSHA’s redundancy and safety requirements. Designed and implemented by Provo Mining & Construction, the system includes plans for future airflow expansion as mining activities deepen.
James Walker, CEO of Ares Strategic Mining, stated, 'The completion of the ventilation system marks a turning point for Ares. With this vital infrastructure now in place and MSHA standards fully met, our teams are greenlit to ramp up to full-scale, continuous mining. This is the final step before true production begins - and it brings us closer than ever to generating consistent revenue as America’s only fluorspar producer.'
This achievement builds upon months of construction, including completion of spiral decline development and ore access drifts, mobilization of full mining equipment fleets, and commissioning of surface processing infrastructure. With the ventilation system online, the company is cleared to begin ore extraction at industrial levels, supporting near-term stockpiling and processing targets.
Fluorspar is a U.S.-designated critical mineral vital to aluminum and steel production, lithium-ion batteries, fluoropolymers, hydrofluoric acid, and nuclear fuel. Ares’ Lost Sheep Mine is currently the only permitted and operational fluorspar mine in the United States, positioning the company to support North American industrial supply chains and reduce dependence on foreign sources.
In related news, Ares announced the settlement of $64,901.13 in debt incurred for accounting and financial services provided by Viktoriya Griffin, Prospero, and Craven Capital. The company issued 150,933 common shares at a deemed price of $0.43 per share in settlement.
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