Ares Strategic Mining Provides Operational Update on Lost Sheep Fluorspar Project Development

Vancouver, B.C. — July 7, 2025 — NewsWall — Ares Strategic Mining Inc. (CSE: ARS) (OTC: ARSMF) (FRA: N8I1) has announced an operational update on the development of its Lost Sheep Fluorspar Project in Utah, following the recommencement of mining and construction activities earlier this year.

Since mobilizing Provo Mining and construction crews back to the site, the company has made progress in advancing both mining operations and plant construction. The assembled plant components are being staged and readied for final assembly. Structural, mechanical, and electrical teams are preparing the site for the installation of key plant systems, positioning the project for completion of this critical infrastructure.

The company’s teams have made headway in accessing high-grade fluorspar ore. Early indications suggest that the miners will be able to begin stockpiling fluorspar on surface for processing within the next two months, marking a milestone toward transitioning from development to production.

To ensure the plant is optimized to process the characteristics of Ares’ ore, the company is bringing in a team of plant and machinery specialists. These experts will work alongside the construction and operations teams to fine-tune the plant configuration.

James Walker, President and CEO of Ares Strategic Mining, commented that the teams are advancing ahead of expectations and that Ares is committed to deliver a productive operation that will establish Ares as the only domestic supplier of this critical mineral.

Ares is positioned to address the growing domestic demand for this mineral, which plays a role in industries including steelmaking, aluminum production, batteries, and nuclear energy.

Ares was able to issue common stock for services rendered to the Company by various arm’s length and non-arm’s length parties (the “Share Settlement”), as part of the anticipated ramp up for Ares’ Utah operations. The Company plans to issue 8,945,984common shares of the Company (“Common Shares”) to settle approximately $2,639,065.28 owed to the various arm’s length and non-arm’s length parties. The Share Settlement is subject to CSE (“Exchange”) approval.

James Walker, Chief Executive Officer and President, can be reached by email at jwalker@aresmining.com.

Source: Ares Strategic Mining