Ares Strategic (ARS) commenced UG mining at its wholly owned Lost Sheep mine in Delta, Utah this February with several thousand tonnes of fluorspar ore extracted and stockpiled at surface ahead of processing. Since then, Ares has completed the conveyor belt system and facility-wide electrical and Motor Control Center (MCC) infrastructure, substantially de-risking the build and keeping flotation plant commissioning on track for Q3-Q4/26. On May 12
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