Ares Strategic Mining Inc. (ARSMF)
Ares Strategic Mining Inc. operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $0.28, down 2.57% on the session, giving a market capitalisation of $75.7M. On trailing twelve-month figures it carries a trailing P/E of -12.91, a net margin of 0.0%. Its beta of 1.23 implies it has historically moved more than the broad market.
Ares Strategic Mining Inc. functions as a junior entity within the natural resource sector, primarily focusing on identifying and acquiring fluorspar deposits. Its core operations encompass the development, extraction, and distribution of fluorspar types such as metspar and acidspar. The company commands a varied portfolio of mineral assets. This includes complete ownership of the Lost Sheep Fluoride Mine, an asset consisting of 67 claims spread across approximately 1,447 acres in western Utah, USA. Ares also holds the Liard Fluorspar property, which features 14 claims located in British Columbia. Furthermore, it possesses a stake in Nevada's Jackpot Lake property, an area of 2,800 acres covered by 140 mineral claims in Clark County. The firm's holdings also feature a 20% share in the Vanadium Ridge property, comprising 20 mining claims over roughly 5,200 acres near Kamloops, British Columbia. Additionally, Ares maintains an interest in the Campbell-Croster fluorspar venture situated in Kentucky. Formed in 2009, Ares Strategic Mining Inc. is headquartered in Vancouver, Canada.
Ares Strategic Mining Inc. is most often compared with the following Basic Materials names: