The Lost Sheep Mine. ARSMF a penny stock on the OTC as of 10/2025 trades around 31 cents a share. There are a few possible stories about how the mine got its name. John H. Koyle, a man known for his prophetic dreams, had a vision in 1894 he believed the dream was meant to open a mine. In this dream, Koyle saw an ancient, large, and prosperous mine of a lost civilization and was told to open it to find gold. The name “Lost Sheep” likely comes from the idea that the gold was for the “lost sheep” as Koyle saw himself as a shepherd. Another story suggests a sheepherder, sometimes identified as John or Jack Croslin, lost one of his sheep in one the canyons of Utah’s Oquirrh Mountains during the 1860s. While searching for the sheep, he stumbled upon an outcropping of mineral ore, believed to be a rich vein of gold. The mine was later named the Lost Sheep Mine to commemorate the lucky coincidence of finding a fortune while looking for lost sheep. The mine went on to become a major historical fluorspar producer in Utah.
In Jan 2020 Ares Strategic Mining “ARSMF”, purchased The Lost Sheep Fluorspar Mine. As of June 2025, all required permits were in place, infrastructure development was accelerating, and a recently secured $11 million in funding, ARSMF is now fully capitalized to advance its project into production.
The USA is reliant on imports of all fluorspar and currently there is no domestic fluorspar mine in production. It will soon be the only domestic producer of fluorspar in the United States, a critical mineral essential to industries ranging from steelmaking and aluminum to lithium batteries, nuclear energy and even cement. Fluorspar is designated as a critical mineral by the U.S. government; The Lost Sheep Mine can produce fluorspar at a much lower cost than any imported fluorspar.
Also, this year 2025 Ares Strategic Mining “The Lost Sheep Mine” discovered a significant amount of gallium deposits alongside its fluorspar in Utah. This discovery is also crucial for the United States as it currently lacks domestic gallium. Deposits of germanium also has been discovered.