Mr. James Walker reports

ARES STRATEGIC MINING PROVIDES CONSTRUCTION UPDATE ON LUMPS PLANT AT LOST SHEEP PROJECT

Ares Strategic Mining Inc. has provided a major construction update on the company's Lumps plant being built at its fluorspar project in Utah. This marks a major milestone in the development of the only domestic fluorspar processing operation in the United States.

Construction progress: from foundations to framework

Following months of mobilization and site preparation, construction of the Lumps plant has reached an advanced stage:

• All concrete foundations and pads have been poured and completed.
• Steel frame structures are being erected across multiple areas of the plant.
• Major vessels have been fabricated and welded into place, forming part of the plant's core processing infrastructure.
• Conveyor systems are being assembled and mounted, with visible segments installed across the site.
• Additional structural supports are being bolted into position to accommodate heavy mechanical systems.

James Walker, chief executive officer of Ares Strategic Mining, commented: "This is a pivotal moment in our construction timeline. With the plant now physically taking shape, we are progressing from concept to reality. Every welded beam and poured foundation brings us one step closer to production. We remain firmly on track to become the first fluorspar producer in the country."

The Lumps plant is a key component in Ares's strategy to produce high-purity fluorspar for North American markets, including:

• Steel and aluminum manufacturing;
• Refrigerants and fluoropolymers;
• Critical mineral supply for nuclear fuel and semiconductors.

As part of its ramp-up strategy, Ares is building a modular, scalable infrastructure that will allow for increased throughput and processing control.

Looking ahead: toward commissioning and production

The construction efforts currently under way are expected to lead to:

• Completion of structural assembly and installation of conveyors;
• Initiation of equipment fitout and wiring;
• Testing and commissioning of plant systems;
• On-site ore stockpiling and initial feed into processing systems.

With continuing support from engineering partners and construction contractors, the company remains committed to achieving its production and revenue targets in line with market demand for critical minerals.

About Ares Strategic Mining Inc.

Ares Strategic 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.

We seek Safe Harbor.