Ares Strategic Mining (TSE:ARS) has released an update.
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Ares Strategic Mining Inc. is pushing forward with mine construction at the Spor Mountain district, with advanced ramp installations nearing high-content fluorspar mineralization zones. Their progress signifies a strategic move to start industrial-scale mining activities, aiming to supply high-purity fluorspar for various sectors including steel, chemical, and electric vehicles. The company’s efforts are aligning the mine’s completion with the construction of their lumps plant, setting the stage for initial revenue generation.
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