Ares Strategic Mining Announces Board Evolution to Support Nasdaq Transition and Next Phase of Corporate Growth
- Ares Mining
- May 19
- 3 min read
Company Appoints Senior Financial and International Business Executive Lorenzo Esteva
Vancouver, B.C., 19th May 2026 – Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) is pleased to announce a strategic evolution of its Board of Directors as the Company advances toward its next phase of growth, operational maturity, and planned transition to a senior U.S. exchange.
To support Ares’ continued expansion and increasing engagement with U.S. institutional, commercial, and financial markets, the Company is pleased to announce the appointment of Lorenzo Esteva to the Board of Directors.
Strengthening the Board for the Next Stage of Development
Mr. Esteva brings more than 30 years of senior financial, restructuring, wealth management, corporate advisory, and international business experience across the United States and Latin America. His background includes senior leadership roles at:
UBS Financial Services
Merrill Lynch
Prospero International
Golden Ratio CS LLC
Throughout his career, Mr. Esteva has specialized in:
Institutional and private capital markets
Corporate restructuring and operational optimization
International business expansion
Strategic partnerships and mergers
Ultra-high-net-worth client advisory
Cross-border finance and offshore operations
James Walker, President and CEO of Ares Strategic Mining, commented: “As Ares continues to mature into a larger and more institutionally focused company, it is essential that our Board evolves alongside it. Lorenzo brings an exceptional combination of banking, corporate finance, restructuring, and international commercial expertise that will be invaluable as we continue scaling operations, expanding internationally, and preparing for the next level of public market participation.”
Positioning Ares for Institutional Growth
The Board transition reflects Ares’ evolution from a development-stage mining company into an emerging strategic materials supplier with:
Active mining operations
Expanding processing infrastructure
Major U.S. government contracts
Increasing international commercial opportunities
Planned uplisting initiatives
Mr. Esteva’s appointment is expected to strengthen the Company’s:
Institutional market readiness
Banking and financial relationships
Commercial structuring capabilities
International business development efforts
Strategic growth planning
“Ares is entering a transformative period,” added Walker. “Our operational progress, strategic government relationships, and expanding market position require a board with deep commercial and financial expertise capable of supporting a company operating at a much larger scale.”
As part of this transition, Paul Sarjeant and Raul Sanabria have agreed to step down from the Board of Directors. The Company sincerely thanks both individuals for their commitment, guidance, and support during Ares’ formative growth stages and its successful advancement toward becoming the only domestic fluorspar producer in the United States.
About Lorenzo Esteva
Mr. Esteva is a seasoned financial executive and strategic advisor with decades of experience in corporate finance, operational restructuring, capital solutions, and international business expansion. He graduated with honors from Tufts University in Boston, MA with degrees in Economics/Finance and Classical Studies. He has worked extensively with institutional investors, family offices, private equity groups, and multinational commercial operations throughout the Americas. His expertise spans:
Business development
Risk management
Capital structuring
Mergers and acquisitions
Financial optimization
Strategic operational growth
About Ares Strategic Mining
Ares Strategic Mining Inc. is a mining company focused on the development of its fluorspar projects in the U.S. The Company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.
Lost Sheep Fluorspar Project – Delta, Utah
• 100% owned – 5,982 acres – 353 Claims
• Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.
• Fully Permitted – including mining permits.
• NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.
• Mining plan approved by BLM[1]
First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.
Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – 12th December 2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING LTD.
James Walker
Chief Executive Officer and President
For further information, please contact James Walker by email at info@aresmining.com
