Ares Strategic Mining Inc. (ARS) Financings
CSE: ARS · Fluorspar · Production stage
- Market cap$73.1M
- Share price$0.255
- 52-week range$0.240 – $0.810
- Shares outstanding286,843,890
- ExchangeCSE
- Properties3
- Websitewww.aresstrategicmining.com
Ares Strategic Mining identifies and develops potential mining projects. The Company strategy focuses on identifying projects requiring relatively small capital investment, which it can quickly progress towards production and cashflow.
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Ares Strategic Mining Inc. financial statements
Key figures read from 1 of 1 financial statement filing, May 30, 2025 to May 30, 2025. Each column is the period as the company first filed it.
Balance sheet: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2024 | |
|---|---|
| Cash and equivalents | C$27,529 |
| Total current assets | C$36,117,055 |
| Total current liabilities | C$14,809,854 |
| Working capital | C$21,307,201 |
| Exploration and evaluation assets | C$8,997,450 |
| Total assets | C$38,874,212 |
| Debt | C$22,249,947 |
| Total liabilities | C$26,657,178 |
| Shareholders' equity | C$12,217,034 |
Income statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M Dec 2024 | 3M Dec 2023 | |
|---|---|---|
| General and administrative | C$67,498 | C$77,274 |
| Net income (loss) | (C$678,315) | (C$300,825) |
Ares Strategic Mining Inc. financings
2 financings announced or closed by Ares Strategic Mining Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-27 | Ares Strategic Mining Inc. (ARS) | LIFE offering, non-brokered | Closed, 1 tranche | $10.0M | $0.600 | Ares Accelerates Flotation Plant Construction Following U.S. Defense Contract Award and New $10M Private Placement |
| 2025-10-17 | Ares Strategic Mining Inc. (ARS) | LIFE offering, non-brokered | Tranche closed, 2 tranches | $10.5M | $0.450 | Ares Strategic Mining Closes First Tranche of LIFE Offering and Files Amended and Restated Offering Document |
Ares Strategic Mining Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Ares Strategic Mining Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2023-12-15 | Loan, closed / funded | Trust | US$10.5M | 12%, matures 2025-12-15 |
| 2022-12-16 | Convertible debenture, closed / funded | — | C$45,980 | 12% |
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