Ares Strategic Mining Management Invests Nearly $1 Million as Company Advances Toward Production

Members of management and insiders at Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) have committed approximately $990,112.65 to acquire about 3.53 million common shares at a deemed price of $0.28 per share, the company announced June 5, 2026. The investment underscores leadership confidence as Ares transitions from a development-stage company into an emerging fluorspar producer.

Ares has achieved significant operational milestones, including active mining at the Lost Sheep Mine, growing surface ore stockpiles, and continued construction of its Lumps Plant and Acidspar Flotation Plant. The company also recently secured a fluorspar supply contract with the U.S. Department of Defense, positioning itself as a strategic domestic supplier of this critical mineral.

James Walker, President and CEO of Ares Strategic Mining, stated: "Management believes the Company has reached a point where its operational progress, strategic assets, government relationships, and production trajectory are not fully reflected in the current market valuation. This investment demonstrates our confidence in the future we are building and our commitment to creating long-term value alongside shareholders."

The company anticipates multiple catalysts in the coming months, including continued mine production and stockpiling, advancement toward processing operations, development of domestic acidspar production capacity, execution of government contract opportunities, expansion of commercial relationships, and strengthening of its balance sheet.

"The story of Ares today is one of execution. We have built the mine, we are mining, we are building the processing facilities, and we are securing customers," Walker added.

Separately, Ares renewed its engagement with Pivotal CM Limited for investor communications and marketing services. Under the arrangement, approximately US$356,250 of services will be satisfied through issuance of common shares at market price, subject to regulatory approvals. Additionally, the company settled $69,046.47 of debt by issuing 246,595 common shares at $0.28 per share to Prospero and Craven Capital.

In a board change, Lorenzo Esteva stepped down from the Board of Directors following public commentary about his prior regulatory history. The company noted that certain public statements contained misrepresentations, and Esteva's lawyer clarified that he voluntarily resigned his FINRA registrations and disputed most allegations.

Ares Strategic Mining is focused on developing its fluorspar projects in the U.S., particularly the fully permitted Lost Sheep Fluorspar Project in Delta, Utah, to become a significant supplier to North American markets. The company holds 100% ownership of 5,982 acres with 353 claims in the Spor Mountain area.

For further information, contact James Walker at [email protected]. View the original release on NewMediaWire.