09:28 AM EST - Ares Strategic Mining Inc : Announces it has closed a loan of $4,420,000 USD from the U.S. Department of Agriculture under its Business and Industry Guaranteed Loan Program. The Company arranged this non-dilutive financing to exclusively develop the Company’s manufacturing operation at its processing site in Delta, Utah. The manufacturing operation will be the first of its kind in the country and will be looking to bring back an entire industry to the United States. Fluorspar is used in the manufacture of steel, aluminum, hydrofluoric acid, lithium-ion batteries, electronics, cement, and glass industries. Currently 100% of all the U.S’ fluorspar is imported, and the Company will be looking to become the only domestic producer. Ares Strategic Mining Inc
shares C.ARS are trading unchanged at $0.11.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ARS%3ACNX&qmodStoryID=6007857674449689
