Ares Strategic Mining Achieves Major Infrastructure Advancements at Mining Operation and Processing Plant

15:00 Uhr  |  The Newswire

Vancouver - 5th December 2025 - Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) is pleased to provide a comprehensive update on the construction and operational advancements across its Lost Sheep Fluorspar Project in Juab County, Utah. These developments mark critical progress in bringing North America's only permitted fluorspar mine into full-scale industrial production.

Over the past weeks, Ares has completed major milestones underground and above ground, advancing both mine readiness and plant infrastructure in tandem.

Key Underground Infrastructure Now Operational

The Company has finalized several enhancements to support safe, efficient ore extraction:

• Secondary Ventilation Door Sealed: Enhances underground airflow and supports compliance with MSHA ventilation standards.

• Raise 1 Prepared for Mining: Equipped with a fully installed tugger and slusher system, enabling safe and effective ore movement to surface.

• Drill Stations Advanced: New drill stations developed in the declines to support upcoming mining headings and blasting activities.

• Waste Pad Upgraded: Facilitates efficient segregation and handling of ore and waste during mining operations.

These developments represent the final critical underground components needed to begin sustained and continuous production. James Walker, CEO of Ares Strategic Mining, commented: "This wave of construction and underground progress marks a major turning point for Ares. We now have the physical and regulatory infrastructure in place to begin industrial-scale mining. Every pad, bolt, weld, and fan gets us closer to delivering fluorspar to a market that desperately needs it."

Plant Construction Reaches Advanced Stages

At the processing plant site, construction teams have achieved meaningful progress across structural, mechanical, and process systems:

• Foundation Work: Over 6 cubic yards of concrete poured for key support columns.

• Structural Assembly:

  • Walkway decking installed on 70% of Level 2 mainframe

  • New scaffolding erected on Level 3 for continued welding

  • Scaffolding removed from Level 2

• Crushing Screening: The grade screen and crusher frame have been securely fitted into place.

• Concentrator Hopper Systems:

  • Ongoing welding work on the concentrator tank

  • Installation and fabrication of product warehouse hoppers continue

• Material Handling:

  • Power feed conveyor belt fully installed

  • Backfilling completed around the concrete slab to stabilize foundation areas

With each completed task, the Company moves closer to a fully operational processing facility capable of delivering high-purity fluorspar to U.S. industries.

Click Image To View Full Size

Ares Lumps Plant Nears Completion at the Delta Processing Site

U.S. Delivering on the Domestic Critical Minerals Mandate

Fluorspar is listed as a U.S. critical mineral and is essential to industries including:

• Steel and aluminum production

• Lithium-ion batteries and electronics

• Fluorochemical manufacturing

• Nuclear fuel development

As the only fluorspar mine in the United States, Ares is poised to become the cornerstone of North America's strategic supply chain.

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Heavy Machinery Being Installed into the Ares Facility

Non-Dilutive Funding Boost from Sorbie Bornholm

Ares is also pleased to announce a major cash infusion of approximately $3.66 million through its Sharing Agreements with Sorbie Bornholm, all achieved without any share dilution.

• +180% and +266% undiluted returns through the agreements

• Represents a gain of over $2.66 million on Sorbie's initial $1 million investment

These additional funds will significantly accelerate construction of Ares' second processing facility - the Acidspar Flotation Plant - ahead of schedule. "This is an incredible vote of confidence in our project from Sorbie Bornholm. The structure of the agreement delivered substantial capital without diluting shareholders, enabling us to fast-track our second plant and scale our fluorspar production capabilities," added Walker.

Ares recently closed a $10M financing to support its accelerated production schedule, in which Sorbie was placed. To further the benefits Ares is receiving from Sorbie, Ares will offer a non-brokered private placement offering of up to 22,222,222 units (each, a "Unit") at a price of $0.45 per Unit for gross proceeds of up to $10,000,000 (the "Offering"). Each Unit shall consist of one (1) common share in the capital of the Company (each, a "Common Share") and one-half (1/2) of one non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one (1) Common Share (each, a "Warrant Share") at a price of $0.55 per Warrant Share for a period of two (2) years following the closing date of the Offering. There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.aresmining.com. 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 NI 45-106 (the "Listed Issuer Financing Exemption"), and in other qualifying jurisdictions. Units offered under the Listed Issuer Financing Exemption 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 CSE. None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Ares Strategic Mining

Ares Strategic Mining Inc. is a mining company focused on the development of its fluorspar projects in the U.S. The Company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.

Lost Sheep Fluorspar Project - Delta, Utah

• 100% owned - 5,982 acres - 353 Claims

• Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.

• Fully Permitted - including mining permits.

• NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.

• Mining plan approved by BLM1

First approved by Rex Rowley - Area Manager, Bureau of Land Management - 24th August 1992.

Renewed by Paul B. Baker - Minerals Program Manager, Bureau of Land Management - 12th December 2016.

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING LTD.

James Walker
Chief Executive Officer and President

For further information, please contact James Walker by email at info@aresmining.com

DISCLOSURE AND FORWARD-LOOKING STATEMENTS:

Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Historically, situations where the issuer decides to put a mineral project into production without first establishing mineral reserves supported by a technical report and completing a feasibility study have a higher risk of economic or technical failure, though some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of its Utah asset.

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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