15:35:29 EDT Tue 14 Oct 2025
Enter Symbol
or Name
USA
CA



Ares Strategic Mining Inc
Symbol ARS
Shares Issued 211,554,891
Close 2025-10-10 C$ 0.87
Market Cap C$ 184,052,755
Recent Sedar Documents

Ares Strategic arranges $10-million private placement

2025-10-10 17:52 ET - News Release

Mr. James Walker reports

ARES STRATEGIC MINING ANNOUNCES LIFE PRIVATE PLACEMENT OFFERING TO RAISE UP TO $10,000,000.

Ares Strategic Mining Inc. has arranged a non-brokered private placement offering of up to 22,222,222 units at a price of 45 cents per unit for gross proceeds of up to $10-million.

Each unit shall consist of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of 55 cents per warrant share for a period of two years following the closing date of the offering.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

As disclosed in the offering document, the company intends to use the net proceeds from the offering for general and corporate working capital purposes, and repayment of outstanding debts. 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 National Instrument 45-106. Units offered under the listed issuer financing exemption (LIFE) 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 Canadian Securities Exchange.

We seek Safe Harbor.

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