The Construction Source America

THE CONSTRUCTION SOURCE AMERICA draws, the Lost Sheep Mine was already permitted. That meant that Ares would be able to purchase it and “just start mining.” It ticked all the boxes James was looking for. AresStrategicMiningcompleted the acquisition of Lost Sheep Mine went public in February, 2020. From there, they raised a few million dollars in order to conduct some geological work and upgrade the mine’s infrastructure. They figured out where they should be drilling, they came up with expanded mine designs, and they worked out how to optimize the mine’s output. Today, the Lost Sheep Mine is “fully designed-out,” James says. Development was slowed as a result of COVID, but has picked up steam in recent months. They are now just waiting on the delivery of a few select items, after which they will commence their full-scale mining operation.