Ares Strategic Mining Announces Non-Brokered Private Placement

October 10, 2025 — Leads & Copy — Ares Strategic Mining Inc. has announced a non-brokered private placement offering to raise up to $10,000,000. The offering consists of up to 22,222,222 units at a price of $0.45 per unit. Each unit includes one common share and one-half of a non-transferable common share purchase warrant.

Each whole warrant can be exercised into one common share at $0.55 per share for two years after the offering's closing date. The company has made available an offering document on SEDAR+ and its website, advising prospective investors to read it before investing.

The company plans to use the net proceeds for general and corporate working capital, as well as to repay outstanding debts. Finders’ fees may be paid to eligible arm’s length persons. The units are offered in all Canadian provinces except Quebec, under the listed issuer financing exemption, which means units are not subject to resale restrictions for Canadian resident investors.

The offering is expected to close in one or more tranches, with the final tranche closing within 45 days. The closing is subject to regulatory approvals, including the CSE's filing obligations. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. This announcement does not constitute an offer to sell or a solicitation of an offer to buy in any unlawful jurisdiction.

James Walker, CEO and President. Contact James Walker by email at jwalker@aresmining.com

Source: Ares Strategic Mining Inc.