Ares Strategic Mining Inc. (OTCMKTS: ARSMF) has announced the results of its special annual shareholder meeting held on July 5, 2021.
Ares Strategic Mining announces AGM results.
The company reported that 99.7377% of the total votes cast during the meeting supported the acquisition of the Lumps Processing plant. As a result, the company will now move forward with plans to finalize the purchase and organize delivery with approval.
During the meeting, James Walker, Bob Li, Karl Marek, Michael Li, Raul Sanabria, and Paul Sarjeant were elected into Ares Strategic Mining’s Board of directors. Shareholders also voted to delist the company from the TSXV, with the chairman declaring the delisting approved and authorized. The Scrutineer will now go on with delisting of the shares and relist in the CSE.
CEO James Walker said, “With the strength and experience of our re-elected Board members, we are extremely confident that Ares’ Board of Directors will be able to execute the Company’s business strategy and add value to our shareholders. We are excited to proceed with the purchase of its lumps plant, and our move to the CSE.”
Ares advancing works at a second potential mining site
Recently, the company announced its progress to the next exploration phase at its second anticipated mine. The company has continued exploration works at its second possible mining site at Bell Hill. It continues to advance work at the industrial site, mining site, rail spurs and waiting for plant deliveries. In addition, Ares Strategic Mining expanded the geological team to enhance sampling and mapping of Spor Mountain range and enhance target definitions.
The Utah Department of Natural Resources has given the company permits to commence trenching and drilling in the Bell Hill area. Recently geophysical anomalies were identified at Bell Hill correlating with fluorspar breccia pipes at depth.