Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) announced the appointment of Lorenzo Esteva to its Board of Directors, a move that signals the company's readiness for its next phase of growth and a planned uplisting to a senior U.S. exchange. Esteva brings over 30 years of senior financial, restructuring, wealth management, corporate advisory, and international business experience across the United States and Latin America, having held leadership roles at UBS Financial Services, Merrill Lynch, Prospero International, and Golden Ratio CS LLC.
The board transition reflects Ares' evolution from a development-stage mining company into an emerging strategic materials supplier with active mining operations, expanding processing infrastructure, major U.S. government contracts, and increasing international opportunities. James Walker, President and CEO, emphasized that as Ares matures into a larger, institutionally focused company, the board must evolve accordingly. Esteva's expertise in institutional and private capital markets, corporate restructuring, and cross-border finance is expected to bolster the company's institutional market readiness, banking relationships, and strategic growth planning.
Esteva's appointment comes as Ares advances its Lost Sheep Fluorspar Project in Delta, Utah, a fully permitted, 100%-owned property spanning 5,982 acres with 353 claims. The project, located in the Spor Mountain area, has an NI 43-101 technical report identifying extensive high-grade fluorspar with low impurities. The company aims to become the only domestic fluorspar producer in the United States, supporting industries vital to modern technology and infrastructure.
As part of the board evolution, Paul Sarjeant and Raul Sanabria have stepped down, with the company thanking them for their contributions during Ares' formative stages. Esteva's appointment is expected to strengthen the company's commercial structuring capabilities and international business development efforts, positioning Ares for greater institutional and commercial expansion.
For more information on Ares Strategic Mining's operations and the Lost Sheep Fluorspar Project, visit aresmining.com. The company's forward-looking statements are subject to risks and uncertainties, as detailed in its securities filings.
