Ares Strategic Mining Inc C.ARS

how much production new tech and line will add in the PR?

[mingzhu]

"Vancouver, B.C. - TheNewswire - December 29th, 2020 - Ares Strategic Mining Inc. (“Ares” or the “Company”) (TSXV:ARS) (OTC:ARSMF) (FRA:N8I1), is pleased to announce the Company has received technology commitments which will enable Ares to manufacture a fluorspar product not previously anticipated at its Utah mining operation.

 Ares’ manufacturing partner, the Mujim Group, has developed a new technology able to produce fluorspar lumps from material that was previously unsuitable for their manufacture. The lumps product is ideal for use in ceramic, fiberglass, & glass industries, and reduces the refractory melting point, promotes the flow of slag, and enables the separation of slag and metal. This product also assists with desulfurization and dephosphorization during the smelting process, and acts to enhance the tensile strength of forged metals, making it extremely valuable and important to metals manufacturers. The Mujim Group operates several fluorspar mines in Thailand and Laos, and will be supporting Ares during its mine expansion project.
 

Due to the industrial applications and relative rarity of fluorspar lumps, the product often commands higher retail prices than more refined and pure fluorspar products, potentially offering Ares a new and improved income stream. Currently the United States imports 100% of this product for its industrial base, so the Company has the potential to be the first vertically integrated lumps manufacturer in the country. This manufacturing line would run alongside Ares’ already anticipated plant and manufacturing facilities, and will afford it a broader range of industrial products."

Our partner Mujim website provides the infor: new mace process 13,000 tin/month ore and produce 6000/7000 ton /month 
https://www.mujimgroup.com/projects/usa_projects/

[WalkingTall]

It's my understanding that these fluorspar lumps sell anywhere between $625-$650 a tonne. The fact that Ares is going to be generating a profit and cash flow so quickly -2nd -3rd qtr is why this company has to be in your portfolio. 

[mingzhu]

depending on purity, the lups can sell at as high as $2800$ 4000 in Chinese market. Look at the Alibaba website https://www.alibaba.com/showroom/fluorspar-lumps.html