Ares Strategic Mining Expedites Company Roadmap and Production Plan Ahead of Government Contract
Ares Strategic Mining Expedites Company Roadmap and Production Plan Ahead
of
Government
Contract
Vancouver,
B.C.,
February
5,
2026
–
Ares
Strategic
Mining
Inc.
(CSE:
ARS)
(OTC:
ARSMF)
(FRA:
N811)
is
pleased
to
announce
an
expedited
roadmap
to
the
production
of
acidspar.
The
initiative
will
include
an
acceleration
of
the
planned
expansion
of
mining
activities
at
the
Spor
Mountain,
as
well
as
fast
tracking
the
construction
of
the
flotation
plant
so
the
Company
can
produce
acidspar
to
meet
its
Pentagon
contract
obligations.
This
initiative
will
include
imminent
drilling
activities
to
expand
mining
targets
and
the
number
of
mines
available
to
Ares,
as
well
as
bringing
in
crews
to
ensure
Ares
can
produce
the
highest
grade
fluorspar
products
in
2026.
DoD
Contract
Necessitates
Acceleration
The
DoD
contract
has
a
ceiling
of
USD
$250
million,
which
can
be
awarded
on
delivery
of
quality
product
from
30
December
2025
-
29
December
2030.
Under
the
terms
of
the
contract,
acidspar
must
be
delivered
within
36
months
after
the
issuance
of
each
delivery
order,
the
first
of
which
was
awarded
on
30
December
2025.
The
opportunity
to
realise
the
ceiling
amount
of
this
contract
award,
at
the
favourable
market
rates
agreed,
necessitates
the
revision
of
Ares’
company
roadmap
and
production
plan.
“The
DoD
contract
has
transformed
our
company
roadmap,
and
the
race
is
on
to
deliver
as
much
quality
fluorspar
as
we
can.
To
do
that,
we
need
more
funding.
The
latest
funding
will
help
us
to
reach
our
first
DoD
deliveries,
and
crucially,
to
reach
the
ceiling
of
the
award
in
the
timeframe
specified,”
said
Walker.
Ares Revises Production Plan The latest $10 million funding has enabled Ares to revise their production plan. “With the lumps plant very close to
completion,
we
are
now
focused
on
Phase
3
of
our
plan,”
added
Walker.
Ares is also 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
CAD
$0.60
per
Unit,
for
aggregate
gross
proceeds
of
$10
million.
“We’re
proud
to
champion
this
funding
publicly,
it’s
yet
another
clear
vote
of
confidence
in
our
mission,
and
enables
us
to
revise
our
roadmap
and
production
plans,”
said
James
Walker,
CEO.
Ares Announces Significant Increase in Institutional Investment Pursuant to the terms of the financing arrangements entered into with Sorbie Bornholm LP (“Sorbie”), the
Company
is
required
to
disclose
the
benchmark
amounts
expected
to
be
received
and
the
actual
proceeds
received
under
such
arrangements.
Since
the
Company
has
entered
into
three
separate
financing
facilities
with
Sorbie,
each
with
a
different
benchmark
price
and
monthly
baseline
amount,
the
disclosure
is
provided
below
on
a
facility-by-facility
basis.
1) Sorbie $1.5M Financing (September 2024) Aggregate benchmark amount for months paid to date: $1,000,000.00. Aggregate gross proceeds received to date (October 2024 through January 2026): $1,119,564.38 Variance (Received vs. Benchmark): +$119,564.38 Upfront fees paid to enter the agreement: $105,000. 2) Sorbie $1.0M Financing (April 2025) Aggregate benchmark amount for months paid to date: $375,003.00
Aggregate gross proceeds received to date (May 2025 through January 2026): $727,313.86 Variance (Received vs. Benchmark): +$352,310.86 Upfront fees paid to enter the agreement: $70,000. 3) Sorbie $1.0M Financing (October 2025) Aggregate benchmark amount for months paid to date: $125,001.00 Aggregate gross proceeds received to date (November 2025 through January 2026): $97,884.42 Variance (Received vs. Benchmark): -$27,116.58 Upfront fees paid to enter the agreement: $0 Accordingly, the total proceeds received to date exceed the aggregate benchmark amount by $269,758.66 Ares also issued to its consultants an aggregate of 700,000 Options on January 23, 2026 to purchase 700,000
common
shares
in
the
capital
of
the
Corporation
("Common
Shares")
at
an
exercise
price
of
$0.63
per
Common
Share,
expiring
January
23,
2028
(collectively,
the
"Options",
and
each,
an
"Option").
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]
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 Offering,
including
the
total
anticipated
proceeds,
the
expected
use
of
proceeds
and
the
closing
(including
the
proposed
closing
date)
of
the
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
assumption
that
the
Company
will
close
the
Offering
on
the
timeline
anticipated,
will
raise
the
anticipated
amount
of
gross
proceeds
from
the
Offering
and
will
use
the
proceeds
of
the
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
implied
by
the
forward-looking
information.
Such
factors
include:
the
risk
that
the
Offering
does
not
close
on
the
timeline
expected,
or
at
all;
the
risk
that
the
Company
raises
less
than
the
anticipated
amount
of
gross
proceeds
from
the
Offering;
the
risk
that
the
Company
does
not
use
the
proceeds
from
the
Offering
as
currently
expected;
risks
inherent
in
the
exploration
and
development
of
mineral
deposits,
including
risks
relating
to
changes
in
project
parameters
as
plans
continue
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 worldwide 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
applicable
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.