ARES Strategic Mining is publicly traded on CSE: ARS | FRA: N8I1 | OTC: ARSMF
Industry Overview
Fluorspar is one of the most widely used industrial minerals, such as steel, aluminium, refrigeration, cement, the chemical industries, and lithium-ion batteries. While demand for fluorspar and electric transportation in the US increases, our imported supply chain of the mineral is strained.
ARES Strategic Mining represents a domestic solution, with no domestic competition.
Global Market
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Global Fluorspar market size was over US$2 billion in 2016
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Global Revenues to exceed US$4 billion by 2024
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China has turned from a net exporter to a net importer due to surging demand
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Mexico and Vietnam continue to be net exporters
Source: Global Market Insights
North American Market
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USA reliant on imports
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In 2018, U.S. Government classified fluorspar as both a strategic and critical metal
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Fluorspar’s classification as a Critical Mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than for conventional minerals
Source: Global Market Insights
