Pre-revenue Ares Strategic Mining (OTCQX: ARSMF) sets up $100M mixed offering capacity
Ares Strategic Mining (ARSMF) filed a $100M shelf registration for securities, including shares and ADSs, over 25 months. The company, a fluorspar developer, has no revenue but a $250M DoD contract. It reports losses, working-capital deficits, and needs financing to complete its Utah project. ADSs may list on Nasdaq as 'USAM'.

