Ares Strategic Mining Announces LIFE Private Placement Offering to raise up to $10,000,000.

Executive Summary

• Ares Strategic Mining Inc. announced a non‑brokered private placement of up to 22,222,222 units at $0.45 per unit, targeting gross proceeds of up to $10 million.
• Each unit consists of one common share and half of a non‑transferable warrant (exercisable at $0.55 per share for two years).
• Net proceeds are earmarked for general and corporate working capital and repayment of outstanding debt, with the offering expected to close in one or more tranches, the final tranche within 45 days of the announcement.

Key Details

• Units Offered: Up to 22,222,222 units @ $0.45 per unit
• Gross Proceeds Target: Up to $10,000,000
• Unit Composition:
• 1 common share
• ½ of a non‑transferable Common Share purchase warrant (each whole warrant exercisable into one common share at $0.55)
• Warrant Terms: Exercisable for two (2) years after the closing date, price $0.55 per Warrant Share.
• Use of Proceeds: General and corporate working capital; repayment of outstanding debts.
• Offering Structure: Non‑brokered private placement under the Listed Issuer Financing Exemption (NI 45‑106 Part 5A); not subject to resale restrictions for Canadian resident investors (excluding Quebec).
• Closing Timeline: One or more tranches; final tranche expected within 45 days of the announcement, subject to regulatory approvals and CSE filing obligations.
• Regulatory Notes: Units are not registered under U.S. securities laws; cannot be offered/sold in the United States absent registration or exemption.
• Finder’s Fees: May be paid to eligible arm‑length persons for certain subscriptions.

Notable Quotes

“We intend to use the net proceeds from this offering to strengthen our balance sheet, fund ongoing exploration activities, and repay existing debt, positioning Ares Strategic Mining for continued growth.” – James Walker, CEO & President

All forward‑looking statements are subject to risks and uncertainties detailed in the release.