Ares Strategic Mining Announces LIFE Private Placement Offering to raise up to $10,000,000.

Core Points - Ares Strategic Mining Inc. is conducting a non-brokered private placement offering of up to 22,222,222 units at a price of $0.45 per unit, aiming for gross proceeds of up to $10,000,000 [1][4] - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with the warrant exercisable at $0.55 per share for two years [2] - The net proceeds from the offering will be used for general working capital and repayment of outstanding debts [4] Offering Details - The offering will be available to purchasers in all Canadian provinces except Quebec, under the Listed Issuer Financing Exemption, which allows for no resale restrictions for Canadian residents [5] - The offering is expected to close in one or more tranches, with the final tranche anticipated to close within 45 days, subject to regulatory approvals [6] - Securities sold in connection with the offering will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an exemption [7] Additional Information - An offering document is available for prospective investors to review before making investment decisions [3] - Finders' fees may be paid to eligible persons for certain subscriptions accepted by the company [4] - The company is not obligated to update forward-looking information unless required by applicable securities laws [11]