London, UK – 11 April 2025 – Sorbie Bornholm LP, (“Sorbie”) a UK Investment Fund, is pleased to announce a follow-on investment in Ares Strategic Mining Inc. (“Ares” or “Company”) (CSE:ARS; OTC: ARSMF; FRA: N8I). The gross amount of the investment is $1,000,000 (CAD). The funds will go towards advancement of Ares’ Lost Sheep Mine in Utah, USA.
“Since Sorbie’s entry as a strategic partner, we’ve made substantial progress across our operations, said James Walker, CEO of Ares. “This new wave of institutional support enables us to maintain momentum as we scale up, acquire critical equipment, and ramp up our Utah operations. Sorbie’s growing investment is a powerful endorsement of our path forward, and we look forward to continuing to deliver on our shared vision.”
The increased institutional investment comes at a pivotal time, as Ares prepares to transition from construction to production and become a stable domestic source of fluorspar, a critical mineral with wide-reaching industrial applications.
About Ares Strategic Mining Inc.
Ares owns the only permitted fluorspar mine in the USA and will soon be the only domestic supplier of fluorspar, a critical mineral largely irreplaceable in its use, and vital to domestic industries. The mine and its associated facilities are currently under construction and the team is on track to surpass typical industry timelines by moving to production in less than a third of the time usually required.
Originally purchased by Ares in 2020, the 100% owned Lost Sheep Mine in Utah contains extensive high-grade fluorspar with low levels of impurities. Fluorspar has a wide ranging list of applications, including production of steel, refrigerant, cement, glass, and lithium-ion batteries. In 2018 the U.S. government classified fluorspar as a Critical Mineral, “deemed critical to U.S. national security and the economy.” Fluorspar remains the only non-metallic Critical Mineral, which is 100% imported in the entire country. The Lost Sheep Mine is fully permitted and financially backed by the state of Utah and the US Federal government, in addition to institutional investor Sorbie Bornholm LP.
Ares entered into a Sharing Agreement dated 23 August 2024 with Sorbie (the “Sharing Agreement”). This Sharing Agreement allows Ares to retain much of the economic interest in the Sorbie Subscription Shares. The Sharing Agreement is designed to provide Ares with flexibility in continuing to aggressively advance the Lost Sheep Mine towards production of metallurgical and acid-grade fluorspar, while maintaining a constant source of funds covering a portion of Ares’ short to medium term cash flow requirements.
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 – and to focus on providing 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 70 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