Ares Strategic Mining Inc. announced the Company has accelerated its mineworks installations, bringing the Company closer to its first mining activities at an industrial scale for the first time at the Spor Mountain district. As earth works continue, with site clearance, equipment and worker facilities have been constructed at the Lost Sheep mine area. Ares is working with Provo Mining to ensure that the operation of the mine and the processing of fluorspar is set to start later this year, with mining permits and authorizations already completed.

Ares plans to bring to market a responsibly extracted high-purity fluorspar, to supply the steel, chemical, and EV sectors with a domestic and sustainable product. Ares is undertaking simultaneous activity across its mine site and processing site to expedite the Utah operation's development. In addition to the mine preparation, the Company is currently constructing its lumps plant at its 50-acre industrial site.

The Company also recently paid in full for a new flotation plant capable able of delivering the highest-grade fluorspar products needed by industry, enabling the Company to have multiple product lines; that plant will be delivered to site later this year. Lost Sheep Fluorspar Project ­ Delta, Utah 100% owned ­ 5,982 acres ­ 353 Claims. Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south- west of Salt Lake City. Fully Permitted ­ including mining permits.

NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities. Mining plan approved by BLM.