Ares Strategic Mining Closes Fully Subscribed LIFE Offering
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
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Ares Strategic Mining Closes Fully Subscribed LIFE Offering
Vancouver, B.C. February 4, 2026 — Ares Strategic Mining Inc. (CNSX: ARS) (“Ares” or the “Company”)
is pleased to announce that it has closed its previously announced offering of units (each, a “ Unit”) by
issuing 16,666,666 Units at a price of $0.60 per Unit, for aggregate gross proceeds of $9,999,999.60
pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45 -106 –
Prospectus Exemptions (the “LIFE Offering”).
Each Unit consists 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 is exercisable into one (1) Common Share (each, a “Warrant Share”) at a price
of $0.75 per Warrant Share for a period of two (2) years following the date of issuance.
In connection with the closing of the LIFE Offering, an aggregate of $699,999.97 was paid in cash and a
total of 1,166,667 finder’s warrants (each, a “ Finder’s Warrant”) were issued to Ventum Financial Corp.
as finder’s fees. Each Finder’s Warrant entitles the holder thereof to acquire one (1) common share in the
capital of the Company (a “Finder’s Warrant Share”) at a price of $0.75 per Finder’s Warrant Share for a
period of two (2) years following the closing date of the LIFE Offering. The Finder’s Warrants are subject
to a 4-month hold period from the date of issuance.
None of the securities issued in connection with the LIFE Offering will be registered under the United
States Securities Act of 1933, as amended (the “ 1933 Act”), and none of them may be offered or sold in
the United States absent registration or an applicable exemption from the registration requirements of
the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor
shall there be any sale of the securities in any state where such offer, solicitation, or sa le would be
unlawful.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC.
James Walker
Chief Executive Officer and President
For further information, please contact James Walker by email at [email protected]
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
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DISCLOSURE AND FORWARD-LOOKING STATEMENTS:
Certain statements contained in this news release constitute forward -looking information. These statements relate
to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”,
“projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are
intended to identify forward -looking information and are based on the Company’s current belief or assumptions as
to the outcome and timing of such future events.
In particular, this news release contains forward -looking information relating to, among other things, the LIFE
Offering, including the total anticipated proceeds, the expected use of proceeds and the closing (including the
proposed closing date) of any tranches of the LIFE Offering. Various assumptions or factors are typically applied in
drawing conclusions or making the forecasts or projections set out in forward -looking information, including the
assumptions that: the Company will use the proceeds of the LIFE Offering as anticipated. Those assumptions and
factors are based on information currently available to the Company. Although such statements are based on
reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts
will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially different from any future results, performance or
achievements expressed or impli ed by the forward -looking information. Such factors include: the risk that the LIFE
Offering do not close in part or at all; the risk that the Company raises less than the anticipated amount of gross
proceeds from the LIFE Offering ; the risk that the Compa ny does not use the proceeds from the LIFE Offering as
currently expected; the Institutional Investment does not complete as set out in the Term Sheet or at all; risks inherent
in the exploration and development of mineral deposits, including risks relating to changes in project parameters as
plans continu e to be redefined and the risk that exploration and development activities will cost more than the
amount budgeted for such activities by the Company; risks relating to changes in mineral prices and the wo rldwide
demand for and supply of minerals; risks related to increased competition and current global financial conditions;
access and supply risks; risks associated with the Company’s reliance on key personnel; operational risks; regulatory
risks, including risks relating to the acquisition of the necessary licenses and permits; financing, capitalization and
liquidity risks; title and environmental risks; and risks relating to the failure to receive all requisite regulatory
approvals. The forward -looking information contained in this news release is made as of the date hereof, and the
Company is not obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by applicab le securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue reliance on forward -looking
information. The foregoing statements expressly qualify any forward-looking information contained herein.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED
OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.