Ares Strategic Mining Opens Utah Fluorspar Plant With 165,347-Ton Capacity
Ares Strategic Mining Inc. (ARS) has officially opened its fluorspar lumps plant in Delta, Utah. The new facility features an annual production capacity of 165,347 tons and marks the company's transition from development into initial commercial operations for domestic fluorspar output.
At current metallurgical grade fluorspar prices, the facility holds potential annual gross product value exceeding $25 million. To secure product distribution and reduce commercial risk, the company established a memorandum of understanding with Cremer Erzkontor. Additionally, the project highlights expanding domestic material supply alongside a previously cited $168.9 million Department of Defense contract for acid-grade fluorspar.
Investors will monitor the company's progress as it ramps up production toward nameplate capacity and confirms initial commercial shipments. Future milestones also include the construction and eventual commissioning of a separate acidspar processing plant, which would expand production into higher-value materials.
Key points
- Ares Strategic Mining Inc. opened its fluorspar lumps facility in Delta, Utah, with an annual capacity of 165,347 tons.
- At present metspar market prices, the plant carries an estimated potential annual gross product value of over $25 million.
- A memorandum of understanding with Cremer Erzkontor will support metspar distribution efforts.
- Construction has begun on an acidspar processing facility, backed by a noted $168.9 million Department of Defense contract.
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Where is the new Ares Strategic Mining plant located?
The new fluorspar lumps plant is located in Delta, Utah.
What is the annual production capacity of the Delta plant?
The plant has a production capacity of 165,347 tons per year, with potential annual gross product value over $25 million at current metspar prices.
What major agreements support Ares Strategic Mining's sales?
Ares Strategic Mining noted a $168.9 million Department of Defense contract for acidspar and a distribution memorandum of understanding with Cremer Erzkontor for metspar.