Ares Strategic Mining Revamps Board, Appoints Lorenzo Esteva to Support Nasdaq Uplisting and Institutional Growth
Ares Strategic Mining appoints senior financial executive Lorenzo Esteva to its board as part of a strategic evolution to support its planned transition to a senior U.S. exchange and next phase of corporate growth.
Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) announced a strategic evolution of its Board of Directors as the company advances toward its next phase of growth, operational maturity, and 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 the board.
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, and cross-border finance. The appointment is expected to strengthen the company's institutional market readiness, banking relationships, and strategic growth planning.
James Walker, President and CEO of Ares Strategic Mining, stated: "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 to a senior exchange, likely the Nasdaq.
As part of this transition, Paul Sarjeant and Raul Sanabria have stepped down from the board. The company thanked them for their guidance during its formative stages, including becoming the only domestic fluorspar producer in the United States.
Ares Strategic Mining holds the Lost Sheep Fluorspar Project in Delta, Utah, which is fully permitted with mining plans approved by the Bureau of Land Management. The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.
This board evolution signals Ares' readiness for greater institutional and commercial engagement as it scales operations and prepares for a Nasdaq listing, which could enhance liquidity and visibility among institutional investors.