Ares Strategic Mining Achieves Major Infrastructure Advancements at Mining Operation and Processing Plant
(TheNewswire)
Vancouver, B.C. – TheNewswire - 5 th December 2025 – Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to provide acomprehensive update on the construction and operational advancementsacross its Lost Sheep Fluorspar Project in Juab County, Utah. Thesedevelopments mark critical progress in bringing North America’s onlypermitted fluorspar mine into full-scale industrial production.
Over the past weeks, Ares has completed majormilestones underground and above ground, advancing both mine readinessand plant infrastructure in tandem.
Key Underground Infrastructure NowOperational
The Company has finalized several enhancements tosupport safe, efficient ore extraction:
Secondary Ventilation DoorSealed: Enhances underground airflow andsupports compliance with MSHA ventilation standards.
Raise 1 Prepared forMining: Equipped with a fully installed tuggerand slusher system, enabling safe and effective ore movement tosurface.
Drill Stations Advanced: New drill stations developed in the declines to supportupcoming mining headings and blasting activities.
Waste Pad Upgraded: Facilitates efficient segregation and handling of ore andwaste during mining operations.
These developments represent the final criticalunderground components needed to begin sustained and continuousproduction. James Walker, CEO of Ares Strategic Mining, commented:“This wave of construction and underground progress marks a majorturning point for Ares. We now have the physical and regulatoryinfrastructure in place to begin industrial-scale mining. Every pad,bolt, weld, and fan gets us closer to delivering fluorspar to a marketthat desperately needs it.”
Plant Construction Reaches AdvancedStages
At the processing plant site, construction teams haveachieved meaningful progress across structural, mechanical, andprocess systems:
Foundation Work: Over 6 cubic yards of concrete poured for key supportcolumns.
Structural Assembly:
Walkway decking installed on 70% of Level 2mainframe
New scaffolding erected on Level 3 for continuedwelding
Scaffolding removed from Level 2
Crushing Screening: The grade screen and crusher frame have been securely fittedinto place.
Concentrator HopperSystems:
Ongoing welding work on the concentrator tank
Installation and fabrication of product warehousehoppers continue
Material Handling:
Power feed conveyor belt fully installed
Backfilling completed around the concrete slab tostabilize foundation areas
With each completed task, the Company moves closer to afully operational processing facility capable of deliveringhigh-purity fluorspar to U.S. industries.
Ares Lumps Plant Nears Completion atthe Delta Processing Site
U.S. Delivering on the Domestic CriticalMinerals Mandate
Fluorspar is listed as a U.S. critical mineral and isessential to industries including:
Steel and aluminum production
Lithium-ion batteries and electronics
Fluorochemical manufacturing
Nuclear fuel development
As the only fluorspar mine in the United States, Aresis poised to become the cornerstone of North America’s strategicsupply chain.
Heavy Machinery Being Installed intothe Ares Facility
Non-Dilutive Funding Boost fromSorbie Bornholm
Ares is also pleased to announce a major cash infusionof approximately $3.66 million through its Sharing Agreements withSorbie Bornholm, all achieved without any share dilution.
+180% and +266% undiluted returns through theagreements
Represents a gain of over $2.66 million on Sorbie’sinitial $1 million investment
These additional funds will significantly accelerateconstruction of Ares’ second processing facility – the AcidsparFlotation Plant – ahead of schedule. “This is an incredible voteof confidence in our project from Sorbie Bornholm. The structure ofthe agreement delivered substantial capital without dilutingshareholders, enabling us to fast-track our second plant and scale ourfluorspar production capabilities,” added Walker.
Ares recently closed a $10M financing to support itsaccelerated production schedule, in which Sorbie was placed. Tofurther the benefits Ares is receiving from Sorbie, Ares will offer anon-brokered private placement offering of up to 22,222,222 units(each, a “Unit”) at a price of $0.45 per Unit for gross proceedsof up to $10,000,000 (the “Offering”). Each Unit shall consist ofone (1) common share in the capital of the Company (each, a “CommonShare”) and one-half (1/2) of one non-transferable Common Sharepurchase warrant (each whole warrant, a “Warrant”). Each Warrantwill be exercisable into one (1) Common Share (each, a “WarrantShare”) at a price of $0.55 per Warrant Share for a period of two(2) years following the closing date of the Offering. There is anoffering document (the “Offering Document”) related to theOffering that can be accessed under the Company’s profile on SEDAR+at www.sedarplus.ca and on the Company’s website at www.aresmining.com . Prospectiveinvestors should read the Offering Document before making aninvestment decision. As disclosed in the Offering Document, theCompany intends to use the net proceeds from the Offering for generaland corporate working capital purposes and repayment of outstandingdebts. Finders’ fees may be paid to eligible arm’s length personswith respect to certain subscriptions accepted by the Company. TheUnits offered as a part of the Offering shall be offered to purchasersin each of the Provinces of Canada, with the exception of Quebec,pursuant to the listed issuer financing exemption under Part 5A of NI45-106 (the “Listed Issuer Financing Exemption”), and in otherqualifying jurisdictions. Units offered under the Listed IssuerFinancing Exemption will not be subject to resale restrictions forCanadian resident investors pursuant to applicable Canadian securitieslaws. The Offering is anticipated to close in one or more tranches,with the final tranche of the Offering closing within 45 days from thedate hereof. The closing is subject to certain conditions including,but not limited to, the receipt of all necessary regulatory and otherapprovals, including the Company’s completion of its filingobligations under the policies of the CSE. None of the securities soldin connection with the Offering will be registered under the UnitedStates Securities Act of 1933, as amended, and no such securities maybe offered or sold in the United States absent registration or anapplicable exemption from the registration requirements. This newsrelease shall not constitute an offer to sell or the solicitation ofan offer to buy nor shall there be any sale of the securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful.
About Ares Strategic Mining
Ares Strategic Mining Inc. is a mining company focusedon the development of its fluorspar projects in the U.S. The Companyaims to become a significant supplier of high-grade fluorspar to NorthAmerican markets, supporting industries vital to modern technology andinfrastructure.
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 extensivehigh-grade fluorspar with low levels of impurities.
Mining plan approved by BLM 1
First approved by Rex Rowley – Area Manager, Bureauof Land Management – 24th August 1992.
Renewed by Paul B. Baker – Minerals ProgramManager, Bureau of Land Management – 12th December 2016.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING LTD.
James Walker
Chief Executive Officer and President
For further information, please contact James Walker byemail at info@aresmining.com
DISCLOSURE AND FORWARD-LOOKINGSTATEMENTS:
Companies typically rely oncomprehensive feasibility reports on mineral reserve estimates toreduce the risks and uncertainties associated with a productiondecision. Historically, situations where the issuer decides to put amineral project into production without first establishing mineralreserves supported by a technical report and completing a feasibilitystudy have a higher risk of economic or technical failure, though someindustrial mineral ventures are relatively simple operations with lowlevels of investment and risk, where the operating entity hasdetermined that a formal prefeasibility or feasibility study inconformance with NI 43-101 and 43-101 CP is not required for aproduction decision. Based on historical engineering work, geologicalreports, historical production data and current engineering workcompleted or in the process by Ares, the Company intends to moveforward with the development of its Utah asset.
Certain information in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often identified by terms such as “will”,“may”, “should”, “anticipate”, “expects” and similarexpressions. All statements other than statements of historical factincluded in this news release are forward-looking statements thatinvolve risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company’s expectations include thefailure to satisfy the conditions of the relevant securitiesexchange(s) and other risks detailed from time to time in the filingsmade by the Company with securities regulations. The reader iscautioned that assumptions used in the preparation of anyforward-looking information may prove to be incorrect. Events or circumstances may causeactual results to differ materially from those predicted, as a resultof numerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Company. The reader iscautioned not to place undue reliance on any forward-lookinginformation. Such information, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated.Forward-looking statements contained in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements contained in this news release are made as of the date ofthis news release and the Company disclaims any intention orobligation to update or revise such information, except as required byapplicable law.
Copyright (c) 2025 TheNewswire - All rights reserved.
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