Northwire Canada EditionMonday, July 13, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Other

Ares settles claims, pays $77,878 (U.S.), issues shares

By The Northwire Desk — AI Analysis May 02, 2026 · 04:27 ARS · 0.40 Ares Strategic Mining Inc
ARS · Price

Executive Summary

  • Ares Strategic Mining Inc. has entered into a settlement agreement with Hinkinite Resources LLC to resolve overlapping unpatented mining claims in Juab County, Utah.
  • Hinkinite will abandon and convey its interest in 101 mining claims to Ares, along with providing related non-privileged data and records.
  • In consideration, Ares will pay $77,878 USD in cash and issue 170,887 common shares at a deemed price of $0.395 per share, subject to CSE approval and a four-month hold period.

Key Details

  • Agreement Date: April 22, 2026
  • Counterparty: Hinkinite Resources LLC
  • Subject Matter: Overlapping unpatented mining claims located in Juab County, Utah
  • Asset Conveyance: Hinkinite to abandon and transfer all interests in 101 unpatented mining claims to Ares Strategic Mining Inc.
  • Data & Records: Hinkinite to provide all related non-privileged data and records associated with the claims
  • Cash Consideration: $77,878 USD total, consisting of a $50,000 USD cash payment and $27,878 USD reimbursement for verified staking expenses
  • Equity Consideration: 170,887 common shares of Ares Strategic Mining Inc.
  • Deemed Share Price: $0.395 USD per common share
  • Regulatory Conditions: Subject to Canadian Securities Exchange (CSE) approval and applicable securities laws
  • Legal Terms: Mutual release of all claims related to the dispute, dismissal of the related court proceeding upon completion of settlement steps, classified as a compromise and full/final settlement with no admission of liability or wrongdoing
  • Share Restrictions: Issued shares are subject to a four-month hold period in accordance with applicable securities laws
  • Litigation Status: Related court proceeding to be dismissed following completion of required settlement steps
Read the original news release →

More from Ares Strategic Mining Inc

Jun 09, 2026 · 09:12

Domestic fluorspar producer secures DoD contract and Nasdaq listing push, but remains pre-revenue with heavy dilution risk.

Financings Jun 05, 2026 · 09:20

Ares Strategic Mining Announces Nearly $1 Million Management Investment and Strategic Corporate Updates

Financings May 13, 2026 · 07:31

Ares Strategic Mining Clears Infrastructure Hurdle Ahead of DoD Deliveries

Production / Operations May 12, 2026 · 19:49

DoD Contract Anchors Value While Multimetal MOU Adds Incremental Upside

Other May 11, 2026 · 08:30

ARES Teams Up with Found Industries to Turn Waste into Critical Minerals, But High-Stakes Pentagon Contract Execution Remains the Main Event

Other May 01, 2026 · 19:15

Ares Strategic Mining Settles Claim Dispute as Stock Consolidates Post-Contract Rally

Regulatory