Ares Strategic Mining Inc. has announced the formation of a new Investor Relations Team following the completion of a $10 million funding round. This strategic development aims to strengthen the company's engagement with its expanding shareholder base and support long-term growth initiatives, including a potential uplisting to the NASDAQ.
The team will be led by Mr. Mykel James, who brings extensive experience in the small cap sector and investor relations, with a focus on transparent communication with larger individual investors, family offices, and institutional investors. James will be supported by an administrative team with several years of experience working with Ares Strategic Mining. The company stated that enhanced back-end technical support and technology will effectively capture all investor interest and provide appropriate responses.
This appointment addresses recent growth in shareholder outreach across retail, family office, and institutional markets, providing enhanced direct engagement as Ares advances its operations. The team's efforts are expected to contribute to the company's long-term objectives, including strengthening its market position to facilitate a future uplisting to the NASDAQ.
James Walker, President and CEO of Ares Strategic Mining, commented that the recent funding has provided resources to build a robust team dedicated to investor relations and corporate development. The company is well-equipped to engage with its growing shareholder community and drive strategic growth necessary for its next phase, including aspirations for a NASDAQ uplisting.
Ares Strategic Mining is focused on developing its fluorspar projects in the U.S., particularly the Lost Sheep Fluorspar Project in Delta, Utah. The 100% owned project covers 5,982 acres with 353 claims located in the Spor Mountain area, approximately 214 km southwest of Salt Lake City. The project is fully permitted, including mining permits, and an NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities. The mining plan was first approved by the Bureau of Land Management in 1992 and renewed in 2016.
The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure. The new Investor Relations Team is available immediately to address investor needs and support Ares' ongoing momentum. Forward-looking statements in the announcement emphasize that actual results may differ from expectations due to various risks and uncertainties, including failure to satisfy securities exchange conditions.
