Ares Strategic Mining Inc. Secures Major State Funding to Boost Production

Vancouver, BC – June 2, 2025 – Ares Strategic Mining Inc. (“Ares” or the “Company”) (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) has announced a significant financial milestone with the successful acquisition of an $11 million loan from the Utah State Legislature and the Utah Community Impact Board (CIB). This substantial funding is set to accelerate the mining and processing of fluorspar and gallium at the Company’s Lost Sheep mine, located near Delta, Utah.

The infusion of capital is a strategic move to enhance production capabilities and expedite the ramp-up process at the Lost Sheep mine. This development is particularly timely, given the increasing global demand for critical minerals, which are essential for various high-tech applications, including electronics and renewable energy technologies.

Strategic Implications and Market Impact

The funding aligns with broader industry trends where U.S. miners are ramping up production to reduce reliance on foreign sources, particularly China, which has historically dominated the supply of critical minerals. This move by Ares Strategic Mining Inc. is part of a larger effort to bolster domestic production and secure a more resilient supply chain for critical minerals.

The financial backing from the Utah State Legislature and the CIB underscores the strategic importance of the Lost Sheep mine and its potential to contribute significantly to the local and national economy. The project is expected to create jobs and stimulate economic activity in the region, further enhancing its appeal to investors and stakeholders.

Financial Overview

As of May 29, 2025, Ares Strategic Mining Inc. closed at a price of 0.24 CAD, with a market capitalization of 50,540,000 CAD. The company’s 52-week high was 0.33 CAD on May 19, 2025, while the 52-week low was 0.125 CAD on November 4, 2024. Despite a negative price-to-earnings ratio of -14.55, the recent funding announcement is likely to positively influence investor sentiment and potentially drive the stock price higher.

Industry Context

Ares Strategic Mining Inc. is a senior natural resource mining company specializing in the acquisition and exploration of lithium properties. The company often collaborates with junior mining firms like Lithium Energy Products Inc. to develop and bring mining projects to market. This collaborative approach allows Ares to leverage its expertise and resources to maximize the potential of its projects.

The recent funding is a testament to Ares’ strategic positioning within the metals and mining sector, particularly in the context of the growing emphasis on securing domestic sources of critical minerals. As the global demand for these minerals continues to rise, Ares Strategic Mining Inc. is well-positioned to capitalize on this trend and contribute to the diversification of the supply chain.

Conclusion

The $11 million loan from the Utah State Legislature and the Utah Community Impact Board marks a significant milestone for Ares Strategic Mining Inc. as it accelerates production at the Lost Sheep mine. This development not only enhances the company’s production capabilities but also aligns with broader industry efforts to reduce reliance on foreign sources of critical minerals. As Ares continues to navigate the dynamic landscape of the metals and mining sector, this funding is likely to play a pivotal role in its growth trajectory and strategic initiatives.