The company also said that it has acquired additional land for the purposes of stockpiling product to ensure a constant feed for processing is available, especially during winter months and mine shut down periods for construction work and upgrades.
The White House included fluorspar on its list of critical minerals
“These advances are running parallel with the great results from the current drill program, which have identified large high-grade fluorspar mineralization zones within the company’s permitted mining area,” James Walker, Ares’ president and CEO, said in the press brief. “The additional security of knowing we will be supported by the government through the new Executive Order puts Ares in a very secure position and gives our company and shareholders added protection.”
In late September, the White House issued an order addressing the “threat to the domestic supply chain from reliance on critical minerals from foreign adversaries.” Fluorspar was listed among these critical minerals.
Walker believes that the 1447-acre Lost Sheep project is key to start building a domestic supply of fluorspar.
