Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) announced a strategic evolution of its Board of Directors as the company advances toward operational maturity and a planned transition to a senior U.S. exchange. The company appointed Lorenzo Esteva, a senior financial and international business executive with over 30 years of experience, to its Board of Directors.
Esteva brings extensive experience from senior leadership roles at UBS Financial Services, Merrill Lynch, Prospero International, and Golden Ratio CS LLC. His expertise spans institutional and private capital markets, corporate restructuring, operational optimization, international business expansion, strategic partnerships, and cross-border finance. Esteva graduated with honors from Tufts University with degrees in Economics/Finance and Classical Studies.
James Walker, President and CEO of Ares Strategic Mining, stated: "As Ares continues to mature into a larger and more institutionally focused company, it is essential that our Board evolves alongside it. Lorenzo brings an exceptional combination of banking, corporate finance, restructuring, and international commercial expertise that will be invaluable as we continue scaling operations, expanding internationally, and preparing for the next level of public market participation."
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 commercial opportunities. Esteva's appointment is expected to strengthen the company's institutional market readiness, banking and financial relationships, commercial structuring capabilities, and strategic growth planning.
As part of this transition, Paul Sarjeant and Raul Sanabria have stepped down from the Board of Directors. The company thanked both individuals for their commitment and guidance during Ares' formative growth stages and its successful advancement toward becoming the only domestic fluorspar producer in the United States.
Ares Strategic Mining is focused on developing its fluorspar projects in the U.S., particularly the Lost Sheep Fluorspar Project in Delta, Utah. The project is 100% owned, fully permitted, and covers 5,982 acres with 353 claims. The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.
