Ares Strategic Mining opens Utah fluorspar lumps plant
Ares Strategic Mining opened its Utah plant with annual capacity of 165,347 tons and cited a $168.9M U.S. Defense Department contract.
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what happened
According to Newsmetry API, citing a press release from Ares Strategic Mining Inc., the company has officially opened its fluorspar lumps plant in Delta, Utah. The facility has annual capacity of 165,347 tons. At current metspar prices, Ares said the potential gross product value could exceed $25M.
The company also noted a $168.9M U.S. Department of Defense acidspar contract and a memorandum of understanding with Cremer Erzkontor. Ares additionally said construction has begun on an acidspar plant.
why it matters
The opening marks Ares’s move from development toward initial U.S.-based production. Market relevance will depend on how quickly the facility reaches its stated capacity, shipments are confirmed, the Defense Department contract is executed and the acidspar project advances.
instruments
sources
- Ares Strategic Mining Inc. (ARS) Opens Utah Lumps Plant With 165,347-Ton Capacity — Newsmetry API, 13 October 2026 at 11:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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