London, UK – 27 June 2025 – Sorbie Bornholm LP (“Sorbie”), a UK-based investment fund, is excited to announce that ARES Strategic Mining Inc. (CSE: ARS; FRA: N8I1; OTC: ARSMF) has, for the first time, received additional cash from both of its Sharing Agreements, without issuing any new shares. In the most recent monthly settlement, ARES received 12% extra cash from Sharing Agreement 1, dated 23 August 2024, and an impressive 31% boost from Sharing Agreement 2, dated 15 January 2025.
This milestone reflects growing confidence in ARES’s trajectory as it accelerates development of the only permitted fluorspar mine in the United States. With construction advancing in Utah, ARES is positioning itself as a strategic domestic supplier of a critical mineral essential to steelmaking, aluminum, and clean energy technologies like lithium-ion batteries and refrigeration.
Fluorspar’s relevance continues to grow as industries and governments prioritize secure, local sources of supply. With demand on the rise and geopolitical pressures reshaping global resource strategies, ARES offers investors a timely opportunity with near-term production potential and long-term strategic value.
Sorbie and ARES entered into Sharing Agreements dated 23 August 2024 and 15 January 2025. The Sharing Agreement is structured to allow ARES to retain significant economic interest in the Sorbie Subscription Shares. This innovative funding approach enhances ARES’s financial flexibility as it advances toward production and builds momentum in one of the most strategically vital mineral sectors.
About Ares Strategic Mining Inc.
Ares Strategic Mining owns the only permitted fluorspar mine in the United States and is positioned to become the country’s sole domestic producer of fluorspar—an irreplaceable critical mineral essential to multiple strategic industries. Construction of the mine and its associated processing facilities is actively underway. Ares has secured over US $15 million in combined federal and state-backed financing, including support from the Utah State Legislature, the Community Impact Board (CIB), and the U.S. Department of Energy, to accelerate infrastructure development at the site.
Acquired by Ares in 2020, the 100%-owned Lost Sheep Mine in Utah hosts high-grade fluorspar with low impurity levels. The mineral—commercially known as fluorspar and geologically as fluorite (CaF₂)—has critical applications across steelmaking, aluminum production, cement, glass, refrigerants, lithium-ion batteries, and the nuclear fuel cycle. The project is fully permitted and now financially supported by multiple tiers of government, in addition to institutional investment partner Sorbie Bornholm LP, which recently increased its financial commitment.
For more information on Ares, please contact:
James Walker, CEO
jwalker@aresmining.com
www.aresmining.com
About Sorbie Bornholm LP
Sorbie Bornholm LP is a global investment firm that provides funding for ongoing business objectives to listed micro, small and mid-cap growth companies. We focus on public equity investments in companies that are looking to expand and on management teams with a clear growth strategy. Our extensive experience allows us to invest in most industries in order to provide supportive, longer term capital that rewards company growth.
Since 2000, Sorbie Bornholm LP founder Greg Kofford has perfected the “Sorbie-Strategy”, utilizing a sharing agreement that supports management and rewards growth. This unique approach has now been used in over 50 investments – with many of those resulting in the companies receiving more cash than the original offering proceeds – without having to issue any additional shares.
Sorbie Bornholm’s core values drive who we are and how we invest. We are committed to developing long-term relationships with select listed public companies and their brokers & advisers. We focus on providing supportive, longer term capital that rewards growth. We invest to make a difference, to become a valued partner and to be a shareholder of choice. It’s important to us that we succeed together.
To see if the Sorbie-Strategy is right for your company, please contact Sorbie Bornholm:
Whitney Kofford, Managing Director
+1-801-554-5889
whitney@sorbiebornholm.com