Ares Strategic Mining (TSE:ARS)
:ARS
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Ares Strategic Mining
(ARS)
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Select Model
Rating:44Neutral
Price Target:
C$0.40
▼(-26.73% Downside)
Action:ReiteratedDate:03/05/26
The score is primarily constrained by weak financial performance (pre-revenue profile, ongoing losses, and significant cash burn) alongside rising leverage. Technical indicators are largely neutral and do not offset the fundamental risk, while valuation appears expensive (high P/E) with no dividend support.
Positive Factors
Balance Sheet Expansion / Funding Access
Material asset and equity growth indicates the company has been able to raise capital and expand its balance sheet. For a development-stage miner, this funding access supports ongoing exploration, permitting and technical studies, reducing immediate execution risk over the next several months.
Negative Factors
Pre-revenue Profile
The company remains pre-revenue, so its business model and market economics are unproven. Without product sales, the firm depends on capital markets or partners to fund progress; this structural dependency raises execution and dilution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Expansion / Funding Access
Material asset and equity growth indicates the company has been able to raise capital and expand its balance sheet. For a development-stage miner, this funding access supports ongoing exploration, permitting and technical studies, reducing immediate execution risk over the next several months.
Read all positive factors
Ares Strategic Mining (ARS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$84.16M
Dividend YieldN/A
Average Volume (3M)562.98K
Price to Earnings (P/E)67.9
Beta (1Y)-1.02
Revenue GrowthN/A
EPS Growth-24.16%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding202,785,740
10 Day Avg. Volume240,895
30 Day Avg. Volume562,983
Financial Highlights & Ratios
PEG Ratio8.03
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., a junior natural resource mining company, acquires and explores for fluorspar properties. It focuses on the exploitation, production, and supply of metspar and acidspar. The company holds 100% interest in the Lost Sheep...
How the Company Makes Money
null...
Ares Strategic Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -275.11K | -39.90K | -41.12K | -40.71K | -29.34K |
| EBITDA | -1.72M | -876.00K | -2.66M | -4.12M | -3.62M |
| Net Income | -3.64M | -2.93M | -4.44M | -4.96M | -3.65M |
Balance Sheet | |||||
| Total Assets | 53.87M | 36.46M | 17.48M | 16.13M | 13.41M |
| Cash, Cash Equivalents and Short-Term Investments | 7.95M | 93.46K | 637.93K | 430.10K | 1.05M |
| Total Debt | 35.80M | 20.09M | 6.60M | 296.50K | 2.20M |
| Total Liabilities | 37.83M | 23.88M | 7.26M | 1.06M | 2.65M |
| Stockholders Equity | 17.26M | 13.80M | 11.44M | 16.30M | 11.98M |
Cash Flow | |||||
| Free Cash Flow | -11.50M | -15.21M | -4.95M | -2.72M | -2.11M |
| Operating Cash Flow | -1.93M | 405.46K | -1.73M | -1.81M | -1.87M |
| Investing Cash Flow | -9.98M | -16.03M | -3.55M | -3.12M | -2.31M |
| Financing Cash Flow | 17.44M | 16.16M | 6.76M | 3.81M | 5.07M |
Ares Strategic Mining Technical Analysis
Negative
0.55
Price Trends
0.48
Negative
0.49
Negative
0.41
Positive
Market Momentum
-0.02
Positive
34.70
Neutral
12.64
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 0.55 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.48, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.70 is Neutral, neither overbought nor oversold. The STOCH value of 12.64 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$67.01M | 20.29 | 7.08% | ― | 26.16% | -8.73% | |
55 Neutral | C$152.65M | -5.90 | -331.25% | ― | ― | -97.52% | |
46 Neutral | C$89.06M | -9.42 | -74.18% | ― | ― | 42.92% | |
44 Neutral | C$84.16M | 67.93 | -18.96% | ― | ― | -24.16% | |
44 Neutral | C$123.86M | -28.84 | -3.65% | ― | ― | 29.51% | |
43 Neutral | C$86.79M | -211.93 | -7.39% | ― | ― | -127.89% |
* Basic Materials Sector Average
TSE:ARS
Ares Strategic Mining
0.42
0.21
107.50%
TSE:MSR
Minsud Resources
0.52
-0.22
-29.73%
TSE:OCO
Oroco Resource
0.38
0.00
0.00%
TSE:SAM
Starcore International Mine
0.73
0.53
270.56%
TSE:NKG
Nevada King Gold Corp
0.21
-0.07
-25.00%
TSE:RUA
Rua Gold
1.35
0.75
125.00%
Ares Strategic Mining Corporate Events
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesPrivate Placements and Financing
Ares Strategic Mining Builds Investor Relations Team After $10 Million Funding
Positive
Apr 2, 2026
Ares Strategic Mining has formed a new investor relations team following a recent $10 million funding round, appointing small-cap veteran Mykel James as head to strengthen communication with retail, family office, and institutional investors. The ...
Business Operations and StrategyPrivate Placements and Financing
Ares Strategic Mining Starts Ore Stockpiling as Lost Sheep Mine Enters Production Phase
Positive
Feb 18, 2026
Ares Strategic Mining has begun active mining at its Lost Sheep Fluorspar Mine in Utah, extracting and stockpiling several thousand tons of ore as it transitions from project development to production build-up. The company is using this stockpilin...
Business Operations and StrategyPrivate Placements and Financing
Ares Accelerates Fluorspar Production Plan After Securing Major U.S. Defense Contract
Positive
Feb 5, 2026
Ares Strategic Mining has accelerated its roadmap and production plan to fast-track acidspar output from its Spor Mountain operations in order to meet obligations under a U.S. Department of Defense contract with a ceiling value of up to USD $250 m...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Ares Fast-Tracks Utah Acidspar Plant After Pentagon Contract and $10 Million Financing Launch
Positive
Jan 27, 2026
Ares Strategic Mining is accelerating construction of its acidspar flotation plant in Utah after securing an estimated US$168.9 million award under a U.S. Department of Defense IDIQ contract and launching a C$10 million non-brokered private placem...
Business Operations and Strategy
Ares Strategic Mining Wins Pentagon Deal, Becomes Sole U.S. Supplier of Critical Fluorspar
Positive
Jan 20, 2026
Ares Strategic Mining has secured a multi-year contract from the U.S. Department of Defense, awarded through the Defense Logistics Agency, with an initial value of approximately $169 million and a contract ceiling of up to $250 million over five y...
Business Operations and Strategy
Ares Strategic Mining Wins Pentagon Deal to Become Sole U.S. Supplier of Critical Fluorspar
Positive
Jan 20, 2026
Ares Strategic Mining has secured a multi-year contract from the U.S. Department of Defense, initially valued at approximately $169 million under a five-year IDIQ framework with a ceiling of up to $250 million, to supply acid-grade fluorspar. The ...
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.