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Ares Strategic Mining
(ARS)
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Rating:42Neutral
Price Target:
C$0.28
▼(-22.78% Downside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by weak financial performance (no revenue, widening losses, and significant negative free cash flow), which outweighs balance-sheet improvements. Technicals are also subdued with the stock below key moving averages and a negative MACD, though oversold readings slightly temper the downside. Valuation provides limited support due to negative earnings and no dividend yield.
Positive Factors
Larger Equity Cushion
The materially larger equity base provides Ares with a stronger capital cushion than in FY2025. That can improve resilience while the company advances its project, although the benefit must be weighed against continuing losses and substantial funding requirements.
Negative Factors
No Reported Revenue
The absence of reported revenue indicates that Ares has not yet demonstrated commercial sales or a self-funding operating model. Until production and customer receipts are established, the company remains dependent on advancing development rather than recurring business cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Larger Equity Cushion
The materially larger equity base provides Ares with a stronger capital cushion than in FY2025. That can improve resilience while the company advances its project, although the benefit must be weighed against continuing losses and substantial funding requirements.
Read all positive factors
Ares Strategic Mining (ARS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$79.41M
Dividend YieldN/A
Average Volume (3M)97.09K
Price to Earnings (P/E)―
Beta (1Y)-0.89
Revenue GrowthN/A
EPS Growth-42.16%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding273,834,140
10 Day Avg. Volume103,933
30 Day Avg. Volume97,087
Financial Highlights & Ratios
PEG Ratio8.04
Price to Book (P/B)3.48
Price to Sales (P/S)0.00
P/FCF Ratio-5.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ares Strategic Mining Business Overview & Revenue Model
Company Description
Ares Strategic Mining Inc. operates as an emerging resource company, primarily concentrating on the identification and development of fluorspar deposits. Its core business revolves around the development, extraction, and supply of both metspar and...
How the Company Makes Money
Ares Strategic Mining’s intended revenue model is primarily tied to commercializing its fluorspar assets by producing and selling fluorspar products (e.g., fluorspar concentrate/acid-grade or metallurgical-grade material) into end markets that use...
Ares Strategic Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -547.64K | -275.11K | -39.90K | -41.12K | -40.71K | -29.34K |
| EBITDA | -5.33M | -1.72M | -876.00K | -2.66M | -4.12M | -3.62M |
| Net Income | -6.41M | -3.64M | -2.93M | -4.44M | -4.96M | -3.65M |
Balance Sheet | ||||||
| Total Assets | 76.78M | 53.87M | 36.46M | 17.48M | 16.13M | 13.41M |
| Cash, Cash Equivalents and Short-Term Investments | 5.23M | 7.95M | 93.46K | 637.93K | 430.10K | 1.05M |
| Total Debt | 34.80M | 35.80M | 20.09M | 6.60M | 296.50K | 2.20M |
| Total Liabilities | 38.45M | 37.83M | 23.88M | 7.26M | 1.06M | 2.65M |
| Stockholders Equity | 39.54M | 17.26M | 13.80M | 11.44M | 16.30M | 11.98M |
Cash Flow | ||||||
| Free Cash Flow | -30.89M | -11.50M | -15.21M | -4.95M | -2.72M | -2.11M |
| Operating Cash Flow | -9.03M | -1.93M | 405.46K | -1.73M | -1.81M | -1.87M |
| Investing Cash Flow | -22.73M | -9.98M | -16.03M | -3.55M | -3.12M | -2.31M |
| Financing Cash Flow | 23.42M | 17.44M | 16.16M | 6.76M | 3.81M | 5.07M |
Ares Strategic Mining Technical Analysis
Negative
0.36
Price Trends
0.34
Negative
0.32
Negative
0.40
Negative
Market Momentum
-0.01
Positive
39.03
Neutral
18.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARS, the sentiment is Negative. The current price of 0.36 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.34, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 39.03 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ARS.
Ares Strategic Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | C$36.65M | 3.96 | 18.91% | 9.52% | 44.62% | 791.07% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$94.79M | -93.33 | -7.08% | ― | ― | -124.49% | |
50 Neutral | C$82.30M | -7.27 | -41.00% | 12.50% | ― | 47.21% | |
49 Neutral | C$140.71M | -5.87 | -93.99% | ― | ― | 62.56% | |
45 Neutral | C$146.68M | -19.82 | -6.81% | ― | ― | -42.77% | |
42 Neutral | C$79.41M | -10.98 | -20.92% | ― | ― | -42.16% |
* Basic Materials Sector Average
TSE:ARS
Ares Strategic Mining
0.29
-0.03
-7.94%
TSE:MSR
Minsud Resources
0.56
0.14
33.33%
TSE:OCO
Oroco Resource
0.45
0.05
12.50%
TSE:SAM
Starcore International Mine
0.38
-0.15
-28.84%
TSE:NKG
Nevada King Gold Corp
0.82
0.02
2.63%
TSE:RUA
Rua Gold
1.23
0.32
35.16%
Ares Strategic Mining Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ares Flags 49 New Fluorspar Targets at Utah’s Spor Mountain
Positive
Sep 28, 2026
Ares Strategic Mining has identified 49 preliminary fluorspar target locations across Utah’s Spor Mountain through a third‑stage satellite imaging program conducted by XMTS Resources. The anomalies, many near existing Lost Sheep mine i...
Business Operations and StrategyDelistings and Listing Changes
Ares Strategic Mining Sets Path to Nasdaq Via Sponsored ADS Program
Positive
Aug 25, 2026
Ares Strategic Mining is moving to enhance its market presence by pursuing an uplisting of its securities to the Nasdaq Capital Market in 2026 through a sponsored American Depositary Share program with Bank of New York Mellon. The planned Nasdaq l...
Business Operations and StrategyExecutive/Board Changes
Ares Strategic Mining Grants 12 Million Stock Options to Management
Neutral
Aug 18, 2026
Ares Strategic Mining Inc. has granted 12,000,000 stock options to its directors and officers, each allowing the purchase of one common share at an exercise price of $0.365 until August 17, 2028. The options are subject to a statutory hold period ...
Business Operations and Strategy
Ares Strategic Mining Connects Lost Sheep Mine to Utah Fluorspar Processing Plant
Positive
Aug 18, 2026
Ares Strategic Mining has begun trucking fluorspar ore from its Lost Sheep Mine in Utah to its Delta processing facility, marking the first introduction of live mined material into the Metallurgical Lumps Plant. This milestone connects the mine an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.