Found to evaluate resin-free electrochemical Direct Feedstock Extraction technology at the only currently permitted fluorspar mine in the United States Boston, MA / Juab County, Utah – TheNewswire – May 12, 2026 — 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.
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Brief Summary
Found Industries and ARES Strategic Mining have signed a Memorandum of Understanding (MOU) aimed at leveraging innovative technologies to recover valuable minerals including gallium and germanium. Key highlights include:
- Innovative Technology: Evaluation of resin-free electrochemical Direct Feedstock Extraction technology.
- Strategic Location: The Lost Sheep Mine is the only currently permitted fluorspar mine in the U.S.
- Material Recovery: Focused on critical materials to support domestic supply chains.
Why it matters: This partnership positions both companies for significant advancements in the recovery of essential materials amidst growing demand.
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