Jul. 11 at 2:40 PM
$ARSMF great meeting last night! I made a few notes, some of which can be found in various PRs.
* With the 10.5 M tax-free bond from Utah's Private Activity Bond Program (receiving the maximum allowable amount to support manufacturing), the 11 M loan from the Utah State Legislature and the Utah Community Impact Board to expedite fluorspar and gallium processing, monthly cash injections from Sorbie Bornholm (a global investment firm) and what appears to be financial support from a silent partner, the company is quite comfortable financially.
*Ares was also "included as subcontractor with one of the six winning bids to support the Department of Energy's mission to increase the United States production capacity of Low Enriched Uranium (LEU)."
*Many parts of the infrastructure for the mine were already in place or could be used to support current necessity.