• Ares Strategic Mining published its MD&A for the six months ended March 31, 2026, outlining a push toward initial fluorspar revenue generation.
• Utah buildout advanced across the Lost Sheep mine and Delta processing site, with the lumps plant moving through electrical, controls, conveyor installation.
• Flotation plant work accelerated following a USD 168.94 million Department of Defense award; water pond design cleared; monitoring underway for groundwater use.
• Liquidity strengthened with working capital of CAD 4.3 million at March 31, 2026; cash CAD 12.08 million versus current liabilities CAD 11.8 million.
• Period loss widened to CAD 2.77 million, driven by higher professional fees, office and marketing spend, stock-based compensation; investing outflows CAD 15.02 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ares Strategic Mining Inc. published the original content used to generate this news brief on June 02, 2026, and is solely responsible for the information contained therein.