Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) announced a strategic evolution of its Board of Directors as the company progresses 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 expertise from senior leadership roles at UBS Financial Services, Merrill Lynch, Prospero International, and Golden Ratio CS LLC. His background includes institutional and private capital markets, corporate restructuring, international business expansion, strategic partnerships, and cross-border finance. The appointment is expected to strengthen the company’s institutional market readiness, banking and financial relationships, commercial structuring capabilities, and international business development.
“As Ares continues to mature into a larger and more institutionally focused company, it is essential that our Board evolves alongside it,” said James Walker, President and CEO of Ares Strategic Mining. “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. The company holds the Lost Sheep Fluorspar Project in Delta, Utah, comprising 100% ownership of 5,982 acres with 353 claims, fully permitted including mining permits. A NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.
“Ares is entering a transformative period,” added Walker. “Our operational progress, strategic government relationships, and expanding market position require a board with deep commercial and financial expertise capable of supporting a company operating at a much larger scale.”
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 guidance and support during Ares’ formative growth stages and its advancement toward becoming the only domestic fluorspar producer in the United States.
Esteva is a seasoned financial executive and strategic advisor with decades of experience in corporate finance, operational restructuring, capital solutions, and international business expansion. He graduated with honors from Tufts University in Boston, MA with degrees in Economics/Finance and Classical Studies. His expertise spans business development, risk management, capital structuring, mergers and acquisitions, financial optimization, and strategic operational growth.
The company’s planned uplisting to a senior U.S. exchange is expected to enhance its visibility and access to institutional capital markets. Ares aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.
