ARSMF
Ares Strategic Mining Inc.
Price Chart
Latest Quote
$0.23
+0.02 (+7.91%)
Current Price
| Previous Close | $0.21 |
| Open | $0.22 |
| Day High | $0.23 |
| Day Low | $0.22 |
| Volume | 56,332 |
Stock Information
Note: Financial values converted from CAD to USD
| Shares Outstanding | 254.48M |
| Total Debt | $25.19M |
| Cash Equivalents | $8.70M |
| Net Income | $-4.38M |
| Sector | Basic Materials |
| Industry | Other Industrial Metals & Mining |
| Market Cap | $59.04M |
| EPS (TTM) | $-0.02 |
| Exchange | OQX |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $80.47M |
| Income | $-4.38M |
| Book/sh | $0.11 |
| Cash/sh | $0.05 |
Financial Ratios
| Quick Ratio | 1.21 |
| Current Ratio | 1.36 |
| Debt/Eq | 96.18 |
Returns & Margins
| ROA | -6.81% |
| ROE | -24.85% |
Ownership
| Insider Ownership | 5.57% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/B | 2.17 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $0.25 |
| SMA50 | $0.28 |
| SMA200 | $0.31 |
| RSI | 30.30 |
| ATR | 0.0264 |
| Shares Float | 227.49M |
| Rel Volume | 0.52 |
Performance History
| Week | +6.91% |
| Month | -18.31% |
| Quarter | -36.09% |
| 6 Months | -42.00% |
| YTD | -28.83% |
| Year | +10.48% |
| 3 Years | +28.89% |
| 5 Years | -57.51% |
| 10 Years | +792.31% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-03 | $0.23 | 259,000 |
| 2026-06-02 | $0.22 | 323,200 |
| 2026-06-01 | $0.20 | 350,400 |
| 2026-05-29 | $0.20 | 1,819,200 |
| 2026-05-28 | $0.20 | 1,033,800 |
| 2026-05-27 | $0.22 | 534,400 |
| 2026-05-26 | $0.22 | 939,700 |
| 2026-05-22 | $0.26 | 335,700 |
| 2026-05-21 | $0.25 | 192,400 |
| 2026-05-20 | $0.26 | 173,200 |
| 2026-05-19 | $0.26 | 521,500 |
| 2026-05-18 | $0.27 | 379,700 |
| 2026-05-15 | $0.28 | 286,700 |
| 2026-05-14 | $0.28 | 518,300 |
| 2026-05-13 | $0.28 | 325,500 |
| 2026-05-12 | $0.29 | 448,400 |
| 2026-05-11 | $0.27 | 210,400 |
| 2026-05-08 | $0.27 | 276,300 |
| 2026-05-07 | $0.29 | 364,000 |
| 2026-05-06 | $0.28 | 582,900 |
| 2026-05-05 | $0.29 | 118,500 |
| 2026-05-04 | $0.28 | 203,400 |
About Ares Strategic Mining Inc.
Ares Strategic Mining Inc., a junior natural resource mining company, engages in the acquisition, exploration, and development of fluorspar projects. It focuses on the exploitation, production, and supply of metspar and acidspar. The company's flagship property is the 100% owned Lost Sheep Fluoride Mine that consists of 353 claims, covering an area of approximately 5,982 acres, located in western Utah, the United States. The company was incorporated in 2009 and is based in Vancouver, Canada.
Period:
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Income Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $275,106 | $41,115 | $41,115 | $40,708 |
| Cost Of Revenue | $275,106 | $41,115 | $41,115 | $40,708 |
| Total Revenue | $0 | $0 | $0 | $0 |
| Operating Revenue | $0 | $0 | $0 | $0 |
| Expenses | ||||
| Interest Expense | $1,645,687 | $2,002,398 | $346,438 | $51,230 |
| Total Expenses | $3,288,969 | $1,180,597 | $2,813,332 | $4,228,098 |
| Other Income Expense | $1,233,641 | $78,841 | $-1,247,240 | $-678,364 |
| Other Non Operating Income Expenses | $796,597 | $36,461 | $32,544 | - |
| Net Non Operating Interest Income Expense | $-1,585,783 | $-1,823,591 | $-612,736 | $-56,901 |
| Total Other Finance Cost | $6,814 | $7,540 | $266,298 | $5,671 |
| Interest Expense Non Operating | $1,645,687 | $2,002,398 | $346,438 | $51,230 |
| Operating Expense | $3,013,863 | $1,139,482 | $2,772,217 | $4,187,390 |
| Selling And Marketing Expense | $2,119,332 | $320,829 | $381,040 | $1,033,509 |
| General And Administrative Expense | $894,531 | $818,653 | $2,391,177 | $3,151,387 |
| Other Operating Expenses | - | - | $2,539 | $2,494 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-3,643,085 | $-2,928,737 | $-4,439,706 | $-4,961,431 |
| Net Interest Income | $-1,585,783 | $-1,823,591 | $-612,736 | $-56,901 |
| Interest Income | $66,718 | $186,347 | $0 | - |
| Normalized Income | $-4,080,129 | $-2,971,117 | $-3,224,385 | $-4,283,067 |
| Net Income From Continuing And Discontinued Operation | $-3,643,085 | $-2,928,737 | $-4,439,706 | $-4,961,431 |
| Net Income Common Stockholders | $-3,643,085 | $-2,928,737 | $-4,439,706 | $-4,961,431 |
| Net Income | $-3,643,085 | $-2,928,737 | $-4,439,706 | $-4,961,431 |
| Net Income Including Noncontrolling Interests | $-3,641,111 | $-2,925,347 | $-4,437,914 | $-4,963,363 |
| Net Income Continuous Operations | $-3,641,111 | $-2,925,347 | $-4,437,914 | $-4,963,363 |
| Pretax Income | $-3,641,111 | $-2,925,347 | $-4,673,308 | $-4,963,363 |
| Special Income Charges | $332,951 | $0 | $-1,021,127 | $-524,229 |
| Interest Income Non Operating | $66,718 | $186,347 | $0 | - |
| Operating Income | $-3,288,969 | $-1,180,597 | $-2,813,332 | $-4,228,098 |
| Gross Profit | $-275,106 | $-41,115 | $-41,115 | $-40,708 |
| Per Share | ||||
| Diluted EPS | $-0.02 | $-0.02 | $-0.03 | $-0.04 |
| Basic EPS | $-0.02 | $-0.02 | $-0.03 | $-0.04 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $-64,463 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-2,157,362 | $-925,428 | $-3,005,971 | $-4,193,061 |
| Total Unusual Items | $437,044 | $42,380 | $-1,279,784 | $-678,364 |
| Total Unusual Items Excluding Goodwill | $437,044 | $42,380 | $-1,279,784 | $-678,364 |
| Reconciled Depreciation | $275,106 | $39,901 | $41,115 | $40,708 |
| EBITDA (Bullshit earnings) | $-1,720,318 | $-883,048 | $-4,285,755 | $-4,871,425 |
| EBIT | $-1,995,424 | $-922,949 | $-4,326,870 | $-4,912,133 |
| Diluted Average Shares | $190,527,939 | $150,543,048 | $138,289,067 | $126,097,681 |
| Basic Average Shares | $190,527,939 | $150,543,048 | $138,289,067 | $126,097,681 |
| Diluted NI Availto Com Stockholders | $-3,643,085 | $-2,928,737 | $-4,439,706 | $-4,961,431 |
| Minority Interests | $-1,974 | $-3,390 | $-1,792 | $1,932 |
| Other Special Charges | $-332,951 | - | - | $294,444 |
| Gain On Sale Of Security | $104,093 | $42,380 | $-258,657 | $-154,135 |
| Selling General And Administration | $3,013,863 | $1,139,482 | $2,772,217 | $4,184,896 |
| Other Gand A | $837,921 | $751,536 | $1,045,838 | $1,131,840 |
| Insurance And Claims | $56,610 | $67,117 | $44,339 | $49,739 |
| Tax Provision | - | $0 | $-235,394 | $0 |
| Gain On Sale Of Ppe | - | $0 | $228,873 | $-229,785 |
| Write Off | - | $0 | $1,250,000 | $0 |
| Salaries And Wages | - | $0 | $1,301,000 | $1,969,808 |
| Impairment Of Capital Assets | - | - | - | - |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $17,264,391 | $13,798,313 | $11,441,685 | $16,300,316 |
| Total Assets | $53,871,358 | $36,455,378 | $17,475,452 | $16,133,890 |
| Total Non Current Assets | $43,040,436 | $33,085,198 | $15,329,171 | $14,875,257 |
| Other Non Current Assets | $103,489 | $276,070 | $101,028 | $101,561 |
| Non Current Prepaid Assets | $0 | $8,109,450 | $0 | $770,493 |
| Non Current Accounts Receivable | $333,613 | $393,743 | - | - |
| Current Assets | $10,830,922 | $3,370,180 | $2,146,281 | $1,258,633 |
| Other Current Assets | $1,403,006 | $646,026 | $290,412 | $250,993 |
| Restricted Cash | $1,370,912 | $2,123,653 | $1,196,565 | $90,000 |
| Receivables | $1,476,211 | $507,041 | $21,370 | $487,542 |
| Other Receivables | $1,439,818 | $474,149 | - | $450,000 |
| Taxes Receivable | $36,393 | $32,892 | $21,370 | $37,542 |
| Cash Cash Equivalents And Short Term Investments | $6,580,793 | $93,460 | $637,934 | $430,098 |
| Cash And Cash Equivalents | $6,580,793 | $93,460 | $467,086 | $44,144 |
| Prepaid Assets | - | - | - | $250,993 |
| Debt | ||||
| Net Debt | $29,216,709 | $19,993,258 | $6,133,518 | $252,356 |
| Total Debt | $35,797,502 | $20,086,718 | $6,600,604 | $296,500 |
| Long Term Debt And Capital Lease Obligation | $26,168,453 | $11,058,977 | $4,679,089 | - |
| Long Term Debt | $26,168,453 | $11,058,977 | $4,679,089 | - |
| Current Debt And Capital Lease Obligation | $9,629,049 | $9,027,741 | $1,921,515 | $296,500 |
| Current Debt | $9,629,049 | $9,027,741 | $1,921,515 | $296,500 |
| Other Current Borrowings | $9,629,049 | $9,027,741 | $1,921,515 | $296,500 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $37,825,058 | $23,877,130 | $7,257,222 | $1,058,821 |
| Total Non Current Liabilities Net Minority Interest | $26,168,453 | $11,058,977 | $4,679,089 | $0 |
| Current Liabilities | $11,656,605 | $12,818,153 | $2,578,133 | $1,058,821 |
| Payables And Accrued Expenses | $2,027,556 | $3,790,412 | $656,618 | $762,321 |
| Equity | ||||
| Common Stock Equity | $17,264,391 | $13,798,313 | $11,441,685 | $16,300,316 |
| Total Equity Gross Minority Interest | $16,046,300 | $12,578,248 | $10,218,230 | $15,075,069 |
| Stockholders Equity | $17,264,391 | $13,798,313 | $11,441,685 | $16,300,316 |
| Other Equity Interest | $3,897,421 | $3,835,507 | $3,461,355 | $4,052,163 |
| Gains Losses Not Affecting Retained Earnings | $146,702 | $158,411 | $139,187 | $78,111 |
| Other Equity Adjustments | $146,702 | $158,411 | $139,187 | $78,111 |
| Retained Earnings | $-38,318,063 | $-34,674,978 | $-31,746,241 | $-27,162,989 |
| Other | ||||
| Ordinary Shares Number | $223,777,111 | $173,417,021 | $139,000,722 | $137,772,408 |
| Share Issued | $223,777,111 | $173,417,021 | $139,000,722 | $137,772,408 |
| Tangible Book Value | $17,264,391 | $13,798,313 | $11,441,685 | $16,300,316 |
| Invested Capital | $53,061,893 | $33,885,031 | $18,042,289 | $16,596,816 |
| Working Capital | $-825,683 | $-9,447,973 | $-431,852 | $199,812 |
| Total Capitalization | $43,432,844 | $24,857,290 | $16,120,774 | $16,300,316 |
| Minority Interest | $-1,218,091 | $-1,220,065 | $-1,223,455 | $-1,225,247 |
| Capital Stock | $51,538,331 | $44,479,373 | $39,587,384 | $39,333,031 |
| Common Stock | $51,538,331 | $44,479,373 | $39,587,384 | $39,333,031 |
| Net PPE | $42,603,334 | $24,305,935 | $15,228,143 | $14,003,203 |
| Accumulated Depreciation | $-437,827 | $-163,164 | $-123,126 | $-81,665 |
| Gross PPE | $43,041,161 | $24,469,099 | $15,351,269 | $14,084,868 |
| Construction In Progress | $25,721,163 | $9,762,608 | $4,346,009 | $4,289,982 |
| Other Properties | $14,364,158 | $11,840,980 | $8,121,473 | $9,646,275 |
| Machinery Furniture Equipment | $72,737 | $70,537 | $70,699 | $70,699 |
| Buildings And Improvements | $6,309 | $2,912 | $2,912 | $2,912 |
| Land And Improvements | $2,876,794 | $2,792,062 | $2,810,176 | $75,000 |
| Other Short Term Investments | - | $0 | $170,848 | $385,954 |
| Line Of Credit | - | - | - | $0 |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-11,908,679 | $-15,626,871 | $-4,945,897 | $-2,724,871 |
| Operating Activities | ||||
| Operating Cash Flow | $-1,933,176 | $405,457 | $-1,731,106 | $-1,812,503 |
| Cash Flow From Continuing Operating Activities | $-1,933,176 | $405,457 | $-1,731,106 | $-1,812,503 |
| Operating Gains Losses | - | $-87,700 | $-250,491 | $524,229 |
| Investing Activities | ||||
| Capital Expenditure | $-9,975,503 | $-16,032,328 | $-3,214,791 | $-912,368 |
| Investing Cash Flow | $-9,975,503 | $-16,032,328 | $-3,549,242 | $-3,119,010 |
| Cash Flow From Continuing Investing Activities | $-9,975,503 | $-16,032,328 | $-3,549,242 | $-3,119,010 |
| Capital Expenditure Reported | $-412,587 | $-412,587 | $0 | - |
| Net Other Investing Changes | - | $-412,587 | $-374,451 | $-2,281,642 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $42,131 | $2,705,344 | $0 | $803,652 |
| Financing Cash Flow | $17,437,977 | $16,158,146 | $6,760,042 | $3,812,543 |
| Cash Flow From Continuing Financing Activities | $17,437,957 | $3,569,231 | $6,760,042 | $3,812,543 |
| Net Other Financing Charges | $605,287 | $11,900,891 | $521,733 | - |
| Net Common Stock Issuance | $42,131 | $2,705,344 | $0 | $803,652 |
| Common Stock Issuance | $42,131 | $2,705,344 | $0 | $803,652 |
| Other | ||||
| Issuance Of Debt | $15,509,659 | $1,398,768 | $6,238,309 | $236,500 |
| Interest Paid Supplemental Data | $2,330,803 | $1,229,858 | $332,994 | $51,230 |
| End Cash Position | $7,951,705 | $2,217,113 | $1,663,651 | $134,144 |
| Beginning Cash Position | $2,217,113 | $1,663,651 | $134,144 | $1,141,149 |
| Effect Of Exchange Rate Changes | $205,294 | $22,187 | $49,813 | $111,965 |
| Changes In Cash | $5,529,298 | $531,275 | $1,479,694 | $-1,118,970 |
| Proceeds From Stock Option Exercised | $882,977 | $57,850 | $0 | $2,772,391 |
| Net Issuance Payments Of Debt | $15,907,582 | $1,494,061 | $6,238,309 | $236,500 |
| Net Short Term Debt Issuance | $397,923 | $95,293 | $777,955 | $236,500 |
| Net Long Term Debt Issuance | $15,509,659 | $1,398,768 | $5,460,354 | $0 |
| Long Term Debt Issuance | $15,509,659 | $1,398,768 | $5,460,354 | $0 |
| Net PPE Purchase And Sale | $-9,562,916 | $-15,619,741 | $-3,174,791 | $-837,368 |
| Purchase Of PPE | $-9,562,916 | $-15,619,741 | $-3,214,791 | $-912,368 |
| Change In Working Capital | $1,355,810 | $1,392,666 | $25,455 | $380,298 |
| Change In Payables And Accrued Expense | $2,243,649 | $1,956,189 | $63,702 | $397,866 |
| Change In Prepaid Assets | $-840,690 | $-530,656 | $-54,419 | $-23,331 |
| Change In Receivables | $-47,149 | $-32,867 | $16,172 | $5,763 |
| Other Non Cash Items | $745,064 | $2,002,398 | $346,438 | $51,230 |
| Unrealized Gain Loss On Investment Securities | $-668,045 | $-16,461 | $228,685 | $184,587 |
| Depreciation Amortization Depletion | $275,106 | $39,901 | $41,115 | $40,708 |
| Depreciation And Amortization | $275,106 | $39,901 | $41,115 | $40,708 |
| Depreciation | $275,106 | $39,901 | $41,115 | $40,708 |
| Net Income From Continuing Operations | $-3,641,111 | $-2,925,347 | $-4,437,914 | $-4,963,363 |
| Short Term Debt Issuance | - | $95,293 | $777,955 | $236,500 |
| Sale Of PPE | - | $0 | $40,000 | $75,000 |
| Stock Based Compensation | - | $0 | $1,301,000 | $1,969,808 |
| Asset Impairment Charge | - | $0 | $1,250,000 | $0 |
| Deferred Tax | - | $0 | $-235,394 | $0 |
| Deferred Income Tax | - | $0 | $-235,394 | $0 |
| Gain Loss On Investment Securities | - | $-87,700 | $-21,618 | - |
| Gain Loss On Sale Of PPE | - | $0 | $-228,873 | $229,785 |
| Change In Other Current Liabilities | - | - | - | $0 |
Fetched: 2026-02-02