Want to see TSE:ARS full AI Analyst Report?
Top Page
Ares Strategic Mining
(ARS)
Select Model
Select Model
Rating:45Neutral
Price Target:
C$0.38
▲(11.76% Upside)
Action:Reiterated
Date:07/23/26
The score is held down primarily by very weak financial performance: zero revenue, ongoing net losses, and significant negative free cash flow suggest elevated execution and funding risk. Technicals provide only partial support (short-term strength vs. 20/50DMA, but still below the 200DMA and with slightly negative MACD). Valuation signals are also constrained by negative earnings (negative P/E) and no stated dividend yield.
Positive Factors
Strategic focus on fluorspar
Ares has a clear, focused business model targeting fluorspar — a specific input for industrial users. That specialization aligns the company with durable end-market needs for fluorine-based inputs, concentrating technical expertise and development capital on a single, long-lived commodity stream.
Negative Factors
Zero reported revenue
The company has not yet demonstrated commercial sales, so the business model remains unproven. Without revenue, project economics, customer relationships, and supply agreements remain hypothetical, increasing execution risk and reliance on external funding to reach commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic focus on fluorspar
Ares has a clear, focused business model targeting fluorspar — a specific input for industrial users. That specialization aligns the company with durable end-market needs for fluorine-based inputs, concentrating technical expertise and development capital on a single, long-lived commodity stream.
Read all positive factors
Ares Strategic Mining (ARS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$101.16M
Dividend YieldN/A
Average Volume (3M)562.98K
Price to Earnings (P/E)―
Beta (1Y)-1.04
Revenue GrowthN/A
EPS Growth-34.00%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding273,404,400
10 Day Avg. Volume240,895
30 Day Avg. Volume562,983
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
Primary expected revenue comes from selling fluorspar and/or fluorspar-derived products (e.g., acid-grade or metallurgical-grade material) into end markets that use fluorine inputs. Revenue would be generated once the company produces and delivers...
Ares Strategic Mining Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
Cash Flow
16
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 | -446.18K | -275.11K | -39.90K | -41.12K | -40.71K | -29.34K |
| EBITDA | -5.27M | -1.72M | -876.00K | -2.66M | -4.12M | -3.62M |
| Net Income | -6.08M | -3.64M | -2.93M | -4.44M | -4.96M | -3.65M |
Balance Sheet | ||||||
| Total Assets | 73.90M | 53.87M | 36.46M | 17.48M | 16.13M | 13.41M |
| Cash, Cash Equivalents and Short-Term Investments | 13.38M | 7.95M | 93.46K | 637.93K | 430.10K | 1.05M |
| Total Debt | 34.95M | 35.80M | 20.09M | 6.60M | 296.50K | 2.20M |
| Total Liabilities | 37.53M | 37.83M | 23.88M | 7.26M | 1.06M | 2.65M |
| Stockholders Equity | 37.58M | 17.26M | 13.80M | 11.44M | 16.30M | 11.98M |
Cash Flow | ||||||
| Free Cash Flow | -25.11M | -11.50M | -15.21M | -4.95M | -2.72M | -2.11M |
| Operating Cash Flow | -4.03M | -1.93M | 405.46K | -1.73M | -1.81M | -1.87M |
| Investing Cash Flow | -21.77M | -9.98M | -16.03M | -3.55M | -3.12M | -2.31M |
| Financing Cash Flow | 35.52M | 17.44M | 16.16M | 6.76M | 3.81M | 5.07M |
Ares Strategic Mining Technical Analysis
Neutral
0.34
Price Trends
0.31
Positive
0.35
Positive
0.42
Negative
Market Momentum
0.02
Negative
53.06
Neutral
62.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARS, the sentiment is Neutral. The current price of 0.34 is below the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.31, and below the 200-day MA of 0.42, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 53.06 is Neutral, neither overbought nor oversold. The STOCH value of 62.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | C$50.12M | 6.86 | 15.83% | ― | 37.74% | 2231.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$82.30M | -6.94 | -46.33% | ― | ― | 42.04% | |
49 Neutral | C$133.84M | -5.87 | -83.49% | ― | ― | 62.56% | |
45 Neutral | C$101.16M | -12.91 | -24.33% | ― | ― | -34.00% | |
43 Neutral | C$74.48M | -46.90 | -11.91% | ― | ― | -124.49% | |
43 Neutral | C$146.68M | -20.80 | -6.82% | ― | ― | -44.87% |
* Basic Materials Sector Average
TSE:ARS
Ares Strategic Mining
0.39
0.13
50.00%
TSE:MSR
Minsud Resources
0.53
-0.09
-14.52%
TSE:OCO
Oroco Resource
0.47
0.21
84.31%
TSE:SAM
Starcore International Mine
0.56
0.27
95.80%
TSE:NKG
Nevada King Gold Corp
0.86
0.18
27.41%
TSE:RUA
Rua Gold
1.23
0.53
75.71%
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.