10:05:16 EDT Wed 09 Jul 2025
Enter Symbol
or Name
USA
CA



Ares Strategic Mining Inc
Symbol ARS
Shares Issued 202,785,729
Close 2025-07-07 C$ 0.305
Market Cap C$ 61,849,647
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Ares increases cash through Sorbie sharing agreements

2025-07-08 14:54 ET - News Release

Mr. James Walker reports

ARES STRATEGIC MINING SECURES INCREASED NON-DILUTIVE CASH INJECTION TO SUPPORT DEVELOPMENT

Ares Strategic Mining Inc. has received an increase in cash through its sharing agreements with Sorbie Bornholm LP, providing valuable growth capital without issuing a single new share -- ensuring no dilution for existing shareholders.

In the latest monthly settlement:

  • Plus 12-per-cent cash gain from sharing agreement 1;
  • Plus 31-per-cent cash gain from sharing agreement 2.

This funding milestone further strengthens Ares's financial position as it advances development of its Lost Sheep fluorspar project, the only fluorspar mine in the United States. With $11-million in government support recently secured and solid backing from strategic partners like Sorbie Bornholm, Ares is well on track to become the United States' sole domestic producer of fluorspar -- a critical mineral essential to steelmaking, clean energy technologies, semiconductors and advanced manufacturing.

James Walker, president and chief executive officer of Ares Strategic Mining, commented: "This non-dilutive funding reflects the confidence our partners have in Ares's vision and strategy. Our strengthened cash position allows us to accelerate site development, plant construction and mine advancement while preserving shareholder value. We're proud to be delivering real progress toward securing a domestic source of this vital mineral."

Positioned for growth

Ares's strategy of combining smart financing structures, government support and operational execution ensures the company is uniquely positioned to fill a critical gap in the North American mineral supply chain. With construction advancing and mining operations ramping up, Ares continues to build momentum toward near-term production.

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