Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) announced a strategic evolution of its Board of Directors, including the appointment of Lorenzo Esteva, a senior financial and international business executive, as the company prepares for a planned transition to a senior U.S. exchange and further institutional growth.
Mr. Esteva brings more than 30 years of experience in senior financial, restructuring, wealth management, corporate advisory, and international business roles across the United States and Latin America. His background includes leadership positions at UBS Financial Services, Merrill Lynch, Prospero International, and Golden Ratio CS LLC. He has specialized in institutional and private capital markets, corporate restructuring, strategic partnerships, and cross-border finance.
James Walker, President and CEO of Ares Strategic Mining, said, “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. The company is also pursuing planned uplisting initiatives. Mr. Esteva’s appointment is expected to strengthen the company’s institutional market readiness, banking relationships, commercial structuring capabilities, and strategic growth planning.
“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. The company thanked them for their guidance during Ares’ formative growth stages and its 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., aiming to become a significant supplier of high-grade fluorspar to North American markets. Its flagship Lost Sheep Fluorspar Project in Delta, Utah, comprises 100% owned 5,982 acres with 353 claims, fully permitted mining operations, and a NI 43-101 Technical Report identifying extensive high-grade fluorspar with low impurities.
The company’s forward-looking statements highlight risks and uncertainties, but management believes the board evolution positions Ares for the next phase of corporate growth and operational maturity.
