Ares Strategic Mining Inc. announced the approval of USD 4,920,000 financing from the U.S. Department of Agriculture under its Business and Industry Guaranteed Loan Program. The B&I program is deployed by the Federal Government to promote rural development and higher paying wages. The Company arranged this non-dilutive financing to exclusively develop the Company's manufacturing operation at its processing site in Delta, Utah.

The manufacturing operation will be the first of its kind in the country and will be looking to bring back an entire industry to the United States. Fluorspar is used in the manufacture of steel, aluminum, hydrofluoric acid, lithium- ion batteries, electronics, cement, and the glass industries. Currently 100% of all the U.S' fluorspar is imported.

The funds will be diligently deployed to create value for investors with a focus on production and developing cashflow for the Company. The USDA financing is widely accepted as among the least expensive financing options available in the country. The Federal support for the Company's project will give the Company far greater ability to accelerate its plans.

The Company has arranged a 15-year term, with interest-Only payments monthly for the first 12 months, followed by monthly principal and interest payments, fully amortizing the principal balance over the remaining 168-month period. The interest will be calculated using WSJ Prime + 2.50%, adjusting quarterly. The Company will be issued the financing within the next funding allocation.