Spor Mountain Project

UTAH, U.S.

302

Claims

5,765
Acres

100%

Owned

Fully
Permitted

OUR FLAGSHIP PROJECT

Lost Sheep Mine

The Lost Sheep Mine is a fluorspar mine in Utah, which contains extensive high-grade fluorspar with low levels of impurities. The mine and its associated facilities are currently under construction and the team is inching closer to production of metallurgical and acid-grade fluorspar, day by day.

Originally purchased by ARES Strategic Mining Inc. in 2020, the Lost Sheep Mine is now fully permitted and financially backed by both the state of Utah and the US Federal government.

The mine is geographically split across 2 areas: (1) the mine on Spor Mountain in Juab County, Utah and (2) the processing facilities located in Delta, the nearest town.

ARES plans to expand beyond the Lost Sheep Mine and into other claims across the Spor Mountain region. See our Technical Overview Pages to learn more about the geological make up and patterns of the fluorspar deposits found to date.

CURRENT WORK UNDERWAY

Latest Developments

Within the portal tunnel, new supporting steel infrastructure and overhead ventilation systems have been installed. Layers of metal slats now overlay the rock bolts and shotcrete, resulting in an exceptionally secure and robust tunnel system. With the initial mine infrastructure largely completed, the focus now turns to the installation of the processing equipment at the facility and digging at the mine site.

KEY INFORMATION

ARES is months away from being a manufacturing company
Mine ramp and tunnel system are now complete
Lumps Plant is completed and in testing
Flotation Plant construction to be expedited
MOU concluded with Cremer Erzkontor North America, who will act as Sales Agent for all metspar from the Lost Sheep Mine
The rare earth mineral gallium has been located within the mine. For more on this, visit our FAQ page or check out the news release.

What is Fluorspar?

Fluorspar is the commercial name for the naturally occurring mineral fluorite, composed of calcium and fluorine. Fluorspar is the predominant commercial source for the chemical element fluorine - a non-metallic element and the lightest of the halogens, therefore largely irreplaceable in its use. It has a huge list of applications, including steel production, refrigeration, cement, glass, and lithium-ion battery production. There are two principal commercial grades of fluorspar: metallurgical grade (60-96% CaF2) and acid grade (+97% CaF2). ARES is currently set up its operations to produce both grades of fluorspar.

EXPLORE MORE FAQS

Latest News

Ares Strategic Mining Commences Mining Operations: Ore Stockpiling at Lost Sheep Mine Begins, Production Momentum Accelerates

Vancouver, B.C., February 18, 2026 – (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to announce that mining operations at its Lost Sheep Fluorspar Mine in Utah are now actively underway, with several thousands of tons of fluorspar ore successfully mined and stockpiled at surface in preparation for processing. This milestone marks a decisive transition from development to production build-up and represents tangible progress toward sustained acidspar output. Ore Stockpiles be

Feb 18

Ares Strategic Mining Expedites Company Roadmap and Production Plan Ahead of Government Contract

Vancouver, B.C., February 5, 2026 – Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N811) is pleased to announce an expedited roadmap to the production of acidspar. The initiative will include an acceleration of the planned expansion of mining activities at the Spor Mountain, as well as fast tracking the construction of the flotation plant so the Company can produce acidspar to meet its Pentagon contract obligations. This initiative will include imminent drilling act

Feb 5

Ares Accelerates Flotation Plant Construction Following U.S. Defense Contract Award and New $10M Private Placement

Company Targets First Acidspar Deliveries Later This Year to Fulfill Strategic Pentagon Contract Vancouver, B.C., January 27, 2026 – Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to announce that, following its recent $168.9 million estimated award under the U.S. Department of Defense’s (DoD) Indefinite Delivery / Indefinite Quantity (IDIQ) contract and a newly launched $10 million private placement, the Company is accelerating construction of it

Jan 27

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Disclaimer:

Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Historically, situations where the issuer decides to put a mineral project into production without first establishing mineral reserves supported by a technical report and completing a feasibility study have a higher risk of economic or technical failure, though some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of its Utah asset.