Mr. James Walker reports

ARES STRATEGIC MINING ANNOUNCES FLOTATION PLANT ARRIVAL AT ITS UTAH SITE

Ares Strategic Mining Inc.'s state-of-the-art flotation plant has arrived at the company's industrial site in Delta, Utah. This facility will be the first of its kind in the United States, representing a major milestone in domestic mineral processing and manufacturing. The plant was shipped from Asia, routed through Long Beach, Calif., and is now ready for installation.

The flotation plant will enable Ares Strategic Mining to produce acidspar, a critical material used across multiple industries. This includes applications in chemical production, aluminum manufacturing, hydrofluoric acid (HF), uranium enrichment, lithium-ion batteries and advanced electronics. This facility is expected to fill a significant gap in the U.S. market, reducing reliance on foreign imports for these essential materials.

This week, components of the flotation plant are being offloaded for assembly after the completion of the lumps plant. The Ares team and the company's partners have been on site unloading and sorting through dozens of containers and hundreds of pieces of equipment.

Ares's strategic partner, who is already involved in the manufacture of acidspar, has committed to provide labour and expertise for the installation and optimization of the plant. Ares's partners have successfully commissioned several fluorspar mining operations in Asia, including in Thailand and Laos. The partners include Ares director Bob Li, who will oversee the installation and initial production phases and will serve as the chief technology officer for the plant commissioning process.

Meeting critical industrial demand

International and domestic manufacturers have expressed significant interest in Ares's anticipated acidspar products, with discussions under way to establish long-term supply contracts. The acidspar produced at the Utah facility is expected to supply industries critical to the U.S. economy, ensuring a stable and secure domestic supply chain.

James Walker, president and chief executive officer of the company, stated: "The arrival of our flotation plant marks a historic moment for Ares and the U.S. fluorspar industry. This facility will not only establish a secure domestic supply of acidspar but also support key industries vital to the nation's technological and industrial future. We are co-ordinating mining, processing and infrastructure development alongside the anticipated release of U.S. government grants allocated for our project. Local support has been overwhelming, with nearby operations offering assistance in power supply, land access and transportation infrastructure. Our long-term vision is to expand our operations, and this flotation plant will be the cornerstone of our growth. Ares is poised to become an essential part of the U.S. industrial landscape, contributing to national self-sufficiency and industrial innovation."

In 2018, the U.S. government classified fluorspar as a critical mineral, deemed critical to U.S. national security and the economy. Fluorspar remains the only non-metallic critical mineral that is 100 per cent imported in the entire country. Fluorspar's classification as a critical mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than operations for conventional minerals.

About Ares Strategic Mining Inc.

Ares Strategic Mining is a mining company focused on the development of its fluorspar projects in the United States. The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.

Lost Sheep fluorspar project -- Delta, Utah:

• 100 per cent owned; 5,982 acres over 353 claims;
• Located in the Spor Mountain area, Juab county, Utah, approximately 214 kilometres southwest of Salt Lake City;
• Fully permitted -- including mining permits;
• National Instrument 43-101 technical report identified extensive high-grade fluorspar with low levels of impurities;
• Mining plan approved by BLM (Bureau of Land Management):
  • First approved by Rex Rowley, area manager, BLM (Aug. 24, 1992);
  • Renewed by Paul B. Baker, minerals program manager, BLM (Dec. 12, 2016).

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