Ares Strategic Mining Inc.
Ares Strategic Mining identifies and develops potential mining projects. The Company strategy focuses on identifying projects requiring relatively small capital investment, which it can quickly progress towards production and cashflow.
Ares Strategic Mining Inc. (ARS)
Le 14 septembre/September 2023
Ares Strategic Mining Inc. ("Ares") has announced a plan of arrangement (the “Transaction”) consisting of a sale and transfer of all of the Issuer’s interest in its Liard and Vanadium Ridge properties (the “Spinout Properties”) to Enyo Strategic Mining Inc. (“Enyo”), a wholly-owned subsidiary of the Issuer, in exchange for approximately 13,777,000 common shares of Enyo (the “Enyo Spinout Shares”).