Company Targets First Acidspar Deliveries Later This Year to Fulfill Strategic Pentagon Contract Vancouver, B.C. – TheNewswire – January 27, 2026 – Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to announce that, following its recent $168.9 million estimated award under the U.S. Department of Defense’s (DoD) Indefinite Delivery / Indefinite Quantity (IDIQ) contract and a newly launched $10 million private placement, the Company is accelerating construction of its acidspar flotation plant in Utah. This strategic move positions Ares to begin first deliveries of acid-grade fluorspar (acidspar) later this year, advancing the Company’s role as the sole domestic supplier of this U.S.-designated critical mineral.
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Brief Summary
In a significant development for Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF), the company has officially announced the acceleration of its flotation plant construction in Utah. This initiative is backed by a recent award of approximately $168.9 million from the U.S. Department of Defense, under its IDIQ contract.
The newly secured $10 million private placement further strengthens the company’s financial position, allowing for timely execution of their operations.
- First acidspar deliveries targeted for later this year.
- Contribution to U.S. critical mineral supply.
- Strengthening position as the sole domestic supplier of acidspar.
Why it matters: This timely acceleration in production not only fulfills government contracts but also enhances Ares’ market position in the vital critical minerals sector.
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