09:34 AM EST - Ares Strategic Mining Inc : Announces that further to its news release dated April 19, 2022, its wholly-owned Utah subsidiary has borrowed the aggregate sum of US$9,500,000 from Millard County, Utah pursuant to a US$10,000,000 tax-exempt Manufacturing Facility Revenue Bond a US$500,000 taxable Manufacturing Facility Revenue Bond created and issued by Millard County. The principal sum of the Bonds to be repaid by Ares Utah is US$10,500,000, which obligations were evidenced by promissory notes issued by Ares Utah. The proceeds from the Bonds will be used by Ares Utah to acquire, construct, and develop a processing facility on the Company’s Lost Sheet Fluorspar Project located in Delta, Millard County, Utah. Ares Strategic Mining Inc
shares C.ARS are trading unchanged at $0.20.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ARS%3ACNX&qmodStoryID=7195369777955965
