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FAQ: Ares Strategic Mining's $169M Pentagon Contract for Critical Mineral Supply
TL;DR
Ares Strategic Mining gains a competitive edge as sole U.S. supplier with a $168.9M DoD contract, securing its market position and potential $250M upside.
Ares Strategic Mining received a five-year IDIQ contract from the U.S. DoD for up to $250 million to supply acid-grade fluorspar for national stockpile replenishment.
This contract strengthens U.S. critical mineral independence, creating a resilient domestic supply chain that supports national security and future industrial growth.
Ares Strategic Mining's Utah-based Lost Sheep Project now supplies fluorspar for defense systems, semiconductors, and clean energy, ending U.S. import dependence.
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Ares Strategic Mining Inc. has been awarded a $168,938,267.30 contract by the U.S. Department of Defense through the Defense Logistics Agency to supply acid-grade fluorspar, with potential total value up to $250 million over five years.
This contract helps strengthen America's domestic manufacturing and supply base, supports rebuilding U.S. strategic mineral stockpiles, and addresses the country's historical 100% import dependence for fluorspar, making domestic supply a critical national priority.
This is a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) agreement with a total contract ceiling of up to $250 million, with an initial award value of approximately $169 million.
Acid-grade fluorspar (acidspar) is a U.S. designated critical mineral essential to defense readiness, industrial manufacturing, clean energy supply chains, and high-tech applications, used in producing hydrofluoric acid and fluorine-based materials.
Fluorspar supports defense systems & missile tech, steel & aluminum production, fluorochemical manufacturing, semiconductors, batteries, next-gen electronics, and national defense-related supply chain resilience.
Ares Strategic Mining is the only U.S. producer of acid-grade fluorspar and the only U.S.-based operation positioned to deliver this critical mineral supply at scale, making them a sole-source domestic supplier to the U.S. government.
The Utah-based Lost Sheep Project represents a turning point in establishing a domestic fluorspar supply chain, validating the national importance of domestic critical mineral production and supporting America's effort to build long-term self-sufficiency.
The contract has an initial award value of $168.9 million with potential upside to $250 million through future task orders over the five-year agreement period.
This contract transforms the company, establishes them as a partner in America's strategic future, confirms their leadership in rebuilding U.S. critical mineral capability, and ensures their products directly contribute to national resilience, industrial strength, and long-term security.
This award marks a major step forward for domestic critical mineral independence by positioning Ares at the heart of America's effort to build a robust domestic sourcing network and promote long-term growth through domestic sourcing of critical minerals.
Curated from NewMediaWire
