ARES STRATEGIC MINING INC - Investor Update - Ramp Up Imminent

Ares Strategic Mining Inc. provided an investor update highlighting its transition from exploration and development into commercial fluorspar production at the fully permitted Lost Sheep Mine in Utah. The company is commissioning its metallurgical-grade fluorspar (metspar) lumps plant, with production expected to begin imminently and initial product shipments targeted for the following month. Management said the operation has approximately 12,000 tonnes of high-grade fluorspar already stockpiled and expects the business to become increasingly self-sustaining as revenue generation begins. Ares is targeting annual revenue of approximately US$20–30 million from metspar production before its higher-value acid-grade fluorspar flotation plant comes online, with management expecting this revenue level to be achievable well within three years. The growth strategy includes expanding mine throughput through additional ramps and developing secondary and tertiary targets across its district-scale Utah property. Strong domestic and international demand supports the company's outlook, including its metspar relationship with the Kramer Group and a five-year U.S. Department of Defense contract for acid-grade fluorspar, with the flotation plant targeted for operation in the first half of next year. With revenue approaching, significant processing infrastructure in place and a potential NASDAQ uplisting progressing, Ares Strategic Mining is focused on production ramp-up, operational execution and establishing a strategic domestic supply of critical-mineral fluorspar for U.S. industry.