Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) has announced the formation of a new Investor Relations Team, a move that follows the company's recent $10 million funding round. The team is tasked with enhancing communication with the company's growing shareholder base and supporting its strategic objectives, including a potential uplisting to the NASDAQ.
The new team is headed by Mykel James, who brings extensive experience in the small-cap sector and investor relations. James will focus on building transparent relationships with larger individual investors, family offices, and institutional investors. He will be supported by an experienced administrative team that has worked with Ares for several years. The company has also invested in enhanced back-end technical support and technology to effectively capture and respond to investor interest.
This initiative comes at a pivotal time for Ares, which is advancing its fluorspar operations in the United States. The company's flagship project, the Lost Sheep Fluorspar Project in Utah, is fully permitted and has an approved mining plan from the Bureau of Land Management. Fluorspar is a critical mineral used in various industries, including steelmaking, aluminum production, and the manufacture of refrigerants and lithium-ion batteries.
James Walker, President and CEO of Ares Strategic Mining, stated, "Our recent funding has provided the resources to build a robust team dedicated to investor relations and corporate development. With the dedication and expertise of Dace and Mykel, we are well-equipped to engage with our growing shareholder community and drive the strategic growth necessary for our next phase, including our aspirations for a NASDAQ uplisting."
The establishment of a dedicated investor relations team signals the company's commitment to maintaining strong shareholder engagement as it progresses toward its long-term goals. The team's efforts are expected to contribute to strengthening Ares' market position and facilitating a future uplisting to a major exchange like the NASDAQ, which would provide increased visibility and liquidity for the company's shares.
Ares Strategic Mining is focused on becoming a significant supplier of high-grade fluorspar to North American markets. The company's Lost Sheep project spans 5,982 acres in Juab County, Utah, and has been identified with extensive high-grade fluorspar with low levels of impurities, according to a NI 43-101 technical report. The mining plan was first approved by the Bureau of Land Management in 1992 and renewed in 2016.
The new Investor Relations Team is available immediately to address investor needs and support Ares' ongoing momentum. This development underscores the company's proactive approach to corporate communication and its dedication to advancing its strategic initiatives.
