Found to evaluate resin-free electrochemical Direct Feedstock Extraction technology at the only currently permitted fluorspar mine in the United States BOSTON and JUAB COUNTY, Utah, May 12, 2026 /PRNewswire/ — Found Industries, through its Found Metals division, and ARES Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) today announced the signing of a Memorandum of Understanding to evaluate the recovery of gallium, germanium and other strategic critical materials from ARES-owned or controlled feedstocks associated with the Lost Sheep Mine in Utah. The collaboration brings together a uniquely strategic U.S. mineral asset and an emerging domestic critical metals processing platform at a moment when secure North American supply chains for semiconductors, defense systems, energy technologies and advanced manufacturing have become an urgent industrial priority.
This excerpt is quoted from the original release. Read the full announcement on PRNewsWire.
Brief Summary
Found Industries, through its Found Metals division, has partnered with ARES Strategic Mining Inc. to evaluate innovative technology for the recovery of critical minerals such as gallium and germanium from the Lost Sheep Mine in Utah.
- Gallium and germanium are essential for modern electronics and defense technology.
- This collaboration is strategic for establishing a stable supply chain within North America.
- The Lost Sheep Mine is the only permitted fluorspar mine in the United States.
- This partnership enhances U.S. independence regarding critical metals.
Why it matters: The collaboration responds to increasing demand for secure and sustainable sources of critical minerals.
Read the Full Article
This is a summary of the press release. For the complete article and any additional details, please visit the original source.
Attribution: Original press release by PRNewsWire on . We provide an AI-generated summary and links for convenience. Always verify details with the original source. Not investment advice. For informational purposes only.