Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Bo Li was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 27
Ares Strategic Mining Inc. announced that it expects to receive CAD 10 million in funding Ares Strategic Mining Inc announced a non-brokered private placement to issue 16,666,666 units at a price of CAD 0.6 per unit for aggregate gross proceeds of CAD 9,999,999.6 on January 27, 2026. Each Unit shall consist of one common share in the capital of the Company and one-half (1/2) of one non-transferable Common Share purchase warrant. Each Warrant will be exercisable into one (1) Common Share at a price of CAD 0.75 per Warrant Share for a period of two (2) years following the closing date of the Offering. Finders’ fees may be paid to eligible arm’s length persons with respect to certain subscriptions accepted by the Company. The Units offered as a part of the Offering shall be offered to purchasers in each of the Provinces of Canada, with the exception of Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”), and in other qualifying jurisdictions. Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions for Canadian resident investors pursuant to applicable Canadian securities laws. The Offering is anticipated to close in one or more tranches, with the final tranche of the Offering closing within 45 days from the date hereof. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the Company’s completion of its filing obligations under the policies of the CSE. Annuncio • Oct 22
Ares Strategic Mining Inc. announced that it has received CAD 10.49985 million in funding On October 21, 2025, Ares Strategic Mining Inc. closed its second and final tranche. The company issued 12,221,889 Units at a price of CAD 0.45 per Unit, for aggregate gross proceeds of CAD 5,499,850.05 in its second tranche. Each unit shall consist of one common share and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of CAD 0.55 per warrant share for a period of two years following the closing date of the offering. In connection with the closing of the Second Tranche, an aggregate of CAD 267,965.98 was paid in cash and a total of 595,480 finder’s warrants were issued as finder’s fees to arm’s length parties. Each Finder’s Warrant entitles the holder thereof to acquire one common share in the capital of the Company at a price of CAD 0.55 per Finder’s Warrant Share for a period of two years following the closing date of the Second Tranche. The Finder’s Warrants are subject to a 4-month hold period from the date of issuance. The company issued a total of 23,333,001 units at a price of CAD 0.45 per unit for gross proceeds of CAD 10,499,850.45. The Company also wishes to correct its news release dated October 17, 2025 which announced the closing
of the first tranche of the LIFE Offering. The Initial News Release incorrectly states that each Finder’s Warrant issued in connection with the First Tranches exercisable into one Finder’s Warrant Share at CAD 0.45 per Finder’s Warrant Share. The correct exercise price of each First Tranche Finder’s Warrant is CAD 0.55 per Finder’s Warrant Share. Annuncio • Oct 11
Ares Strategic Mining Inc. announced that it expects to receive CAD 10 million in funding Ares Strategic Mining Inc. announced a private placement to issue 22,222,222 units at a price of CAD 0.45 per unit for gross proceeds of CAD 9,999,999.9 on October 10, 2025. Each unit shall consist of one common share and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of CAD 0.55 per warrant share for a period of two years following the closing date of the offering. The offering is anticipated to close in one or more tranches, with the final tranche of the offering closing within 45 days from the date hereof. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the company's completion of its filing obligations under the policies of the Canadian Securities Exchange. Finders' fees may be paid to eligible arm's-length persons with respect to certain subscriptions accepted by the company. Annuncio • Jul 31
Ares Strategic Mining Inc., Annual General Meeting, Oct 01, 2025 Ares Strategic Mining Inc., Annual General Meeting, Oct 01, 2025. Annuncio • Jul 07
Ares Strategic Mining Provides Positive Update on Mine Development and Plant Construction Progress Ares Strategic Mining Inc. provided an operational update on the ongoing development of its Lost Sheep Fluorspar Project in Utah, following the successful recommencement of mining and construction activities announced earlier this year. Since mobilizing Provo Mining and construction crews back to site, the Company has made significant progress advancing both mining operations and plant construction. The assembled plant components are now being systematically staged and readied for final assembly. Structural, mechanical, and electrical teams are actively preparing the site for the installation of key plant systems, positioning the project on track for completion of this critical infrastructure. On the mining front, the Company's experienced teams have made outstanding headway in accessing high-grade fluorspar ore. Early indications suggest that the miners will be able to begin stockpiling fluorspar on surface for processing within the next two months. This marks a major milestone toward transitioning from development to production, bringing Ares closer to generating cash flow. Ares Clears and Readies Site for Ore Stockpiling. To ensure the plant is optimized to process the unique characteristics of Ares' ore, the Company is bringing in a team of plant and machinery specialists. These experts will work alongside the construction and operations teams to fine-tune the plant configuration, ensuring peak efficiency, maximum recovery, and consistent high-quality output once operations begin. Ares was able to issue common stock for services rendered to the Company by various arm's length and non- arm's length parties (the Share Settlement), as part of the anticipated ramp up for Ares' Utah operations. Annuncio • May 02
Ares Strategic Mining Inc. announced that it has received CAD 0.809093 million in funding On May 1, 2025, Ares Strategic Mining Inc. closed the transaction. The transaction included participation from a single investor. Annuncio • Feb 12
Ares Strategic Mining Inc. announced that it has received CAD 0.086016 million in funding On February 11, 2025, Ares Strategic Mining Inc. closed the transaction. The transaction included participation from a single investor. Annuncio • Dec 31
Ares Strategic Mining Inc. announced that it has received CAD 0.051635 million in funding On December 30, 2024, Ares Strategic Mining Inc. closed the transaction. The transaction included participation from a single investor Annuncio • Sep 19
Ares Strategic Mining Inc. announced that it has received funding from Sorbie Bornholm LP Ares Strategic Mining Inc. announced a private placement of common shares on September 18, 2024. The transaction included participation from new investor, Sorbie Bornholm LP. Annuncio • Aug 02
Ares Strategic Mining Inc. announced that it has received CAD 2.850748 million in funding On August 1, 2024, Ares Strategic Mining Inc. closed the transaction. The company announced that it has issued 1,361,854 units at a price of CAD 0.18 per unit for aggregate gross proceeds of CAD 245,133.72 in its fifth and final tranche. In connection with the closing of the fifth tranche, an aggregate of CAD 4,655.98 was paid in cash and a total of 25,866 finder’s warrants were issued to certain finders as finder’s fees. Each finder’s warrant entitles the holder thereof to acquire one common share at a price of CAD 0.26 per finder’s warrant share for a period of two years following the closing date of the fifth tranche. Annuncio • Jul 30
Ares Strategic Mining Inc., Annual General Meeting, Oct 09, 2024 Ares Strategic Mining Inc., Annual General Meeting, Oct 09, 2024. Annuncio • Jun 13
Ares Strategic Mining Inc. Accelerates Mine Building Activities and Ramp Installation Near Fluorspar Mineralization Ares Strategic Mining Inc. announced the Company has accelerated its mineworks installations, bringing the Company closer to its first mining activities at an industrial scale for the first time at the Spor Mountain district. As earth works continue, with site clearance, equipment and worker facilities have been constructed at the Lost Sheep mine area. Ares is working with Provo Mining to ensure that the operation of the mine and the processing of fluorspar is set to start later this year, with mining permits and authorizations already completed. Ares plans to bring to market a responsibly extracted high-purity fluorspar, to supply the steel, chemical, and EV sectors with a domestic and sustainable product. Ares is undertaking simultaneous activity across its mine site and processing site to expedite the Utah operation's development. In addition to the mine preparation, the Company is currently constructing its lumps plant at its 50-acre industrial site. The Company also recently paid in full for a new flotation plant capable able of delivering the highest-grade fluorspar products needed by industry, enabling the Company to have multiple product lines; that plant will be delivered to site later this year. Lost Sheep Fluorspar Project Delta, Utah 100% owned 5,982 acres 353 Claims. Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south- west of Salt Lake City. Fully Permitted including mining permits. NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities. Mining plan approved by BLM. Annuncio • May 11
Ares Strategic Mining Inc. announced that it expects to receive CAD 4 million in funding Ares Strategic Mining Inc. announced a a non-brokered private placement offering consisting of a minimum of 5,555,555 units and maximum of 22,222,222 Units at a price of at a price of CAD 0.18 for the minimum gross proceeds of CAD 999,999.9 and maximum of CAD 3,999,999.96 on May 10, 2024. Each Unit shall consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to acquire one additional Common Share at a price of CAD 0.26 per Common Share for a period of two years following the closing date of the LIFE Offering. All Warrants that remain unexercised following the Accelerated Expiry Date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder. Upon closing of the LIFE Offering, the Company may pay finders finder's fees under the LIFE Offering as permitted by CSE policy applicable securities laws. The LIFE Offering is anticipated to close on or about June 14, 2024 and completion of the LIFE Offering is subject to certain conditions including, but not limited to, a minimum of CAD 1,000,000 in gross proceeds being raised by the Company under the LIFE Offering, and the receipt of all necessary regulatory and other approvals. The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. Board Change • Apr 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Bo Li was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.3m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (€19.4m market cap, or US$21.0m). New Risk • Dec 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Market cap is less than US$100m (€19.0m market cap, or US$20.7m). Annuncio • Dec 16
Ares Strategic Mining Inc. announced that it has received CAD 1.3561 million in funding Ares Strategic Mining Inc. announced a non-brokered private placement of 6,780,500 common shares at a price of CAD 0.20 per share for gross proceeds of CAD 1,356,100 on December 15, 2023. The closing of the Offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange. No finder’s fees were paid in connection with the Offering. The shares will be subject to a statutory hold period of four months and one day from the date of issue. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Bo Li was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Bo Li was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 25
Chief Financial Officer recently sold €54k worth of stock On the 21st of June, Viktoriya Griffin sold around 144k shares on-market at roughly €0.38 per share. In the last 3 months, there was an even bigger sale from another insider worth €105k. Viktoriya has been a seller over the last 12 months, reducing personal holdings by €73k. Recent Insider Transactions • May 22
Independent Director recently sold €105k worth of stock On the 14th of May, Karl Marek sold around 325k shares on-market at roughly €0.32 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €222k more than they bought in the last 12 months. Is New 90 Day High Low • Jan 26
New 90-day high: €0.40 The company is up 139% from its price of €0.17 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 58% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: €0.31 The company is up 257% from its price of €0.088 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 43% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: €0.22 The company is up 270% from its price of €0.06 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period.