Fluorspar Mining In The US | Potential Uses & New Project Report Announced

Vancouver,Canada - July 16, 2022 /PressCable/ —

The recent report entitled “Where Does Good Money Go?” discusses the current financial climate, the importance of mining critical minerals, and the opportunity to invest in a domestic fluorspar mine.

More details are available at https://www.aresmining.com/post/where-does-good-money-go?utm_source=MOAMNEWS&utm_medium=news&utm_campaign=news2

By releasing this report, the mining company introduces readers to a potentially lucrative commodity market. With cash in jeopardy due to inflation, precious metals losing value, the housing market affected by climbing interest rates, and the stock market plummeting, there has been growing interest in commodities such as minerals.

The report explains that in 2018 the U.S. Geological Survey listed 35 elements and minerals as critical. The list includes helium, cobalt, lithium, tin, potash, and fluorspar (also known as fluorite). Fluorspar is a mineral used to manufacture products such as aluminum, gasoline, lithium batteries, insulating foams, refrigerants, steel, and uranium fuel.

According to Executive Order 13817, fluorspar is a mineral that is “essential to the economic and national security of the United States, that has a supply chain vulnerable to disruption, and that serves an essential function in the manufacturing of a product, the absence of which would have significant consequences for the economy or national security.”

The report points out that the USA currently relies on other countries for its fluorspar, but that could change with Ares Strategic Mining’s “Lost Sheep Mine” project. The mine consists of 5,982 acres in the Spor Mountain area of Juab County, Utah. The site has all necessary mining permits, and a technical report showed the presence of high-grade fluorspar without impurities.

According to the company’s report, the new mine appears uniquely positioned to deliver acidspar, a higher-quality form of fluorspar that commands a higher price. Ares Strategic Mining hopes to mine lower purity metspar within the year, and higher purity acidspar in the future.

Ares Strategic Mining is a natural resource company focused on bringing active domestic US fluorspar into immediate production. It hopes to create a large mining operation, capable of producing industry-grade metspar and acidspar to meet the demands of the large American market and markets worldwide.

Interested parties can learn more by visiting https://www.aresmining.com/post/where-does-good-money-go?utm_source=MOAMNEWS&utm_medium=news&utm_campaign=news2

Contact Info:
Name: James Walker
Email: Send Email
Organization: Ares Strategic Mining Inc.
Address: 1001 - 409 Granville Street Vancouver, BC Vancouver, BC, Vancouver, BC V6C 1T2, Canada
Phone: +1-604-345-1576
Website: https://www.aresmining.com/

Source: PressCable

Release ID: 89078558

If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.