Ares Strategic Mining Inc. (CSE:ARS)

Ares Strategic Mining Balance Sheet

Financials in millions CAD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash & Equivalents	0.05	0.09	0.47	0.04	1.05	0.22
Short-Term Investments	-	-	0.17	0.39	-	-
Cash & Short-Term Investments	0.05	0.09	0.64	0.43	1.05	0.22
Cash Growth	-87.38%	-85.35%	48.32%	-59.08%	378.30%	27931.89%
Other Receivables	1.19	0.51	0.02	0.49	0.04	0.01
Receivables	1.19	0.51	0.02	0.49	0.04	0.01
Prepaid Expenses	2.32	0.65	0.29	0.25	0.23	0.31
Restricted Cash	13.42	2.12	1.2	0.09	0.09	-
Total Current Assets	16.96	3.37	2.15	1.26	1.42	0.54
Property, Plant & Equipment	37.22	24.3	15.23	14	8.34	4.63
Other Long-Term Assets	1.01	8.78	0.1	0.87	3.65	0.07
Total Assets	55.19	36.46	17.48	16.13	13.41	5.25
Accounts Payable	3.1	3.13	0.41	0.56	0.4	0.43
Accrued Expenses	1.06	0.67	0.25	0.2	0.05	0.19
Short-Term Debt	1.45	1.83	1.1	0.3	2.2	0.06
Current Portion of Long-Term Debt	8.72	7.2	0.82	-	-	-
Total Current Liabilities	14.34	12.82	2.58	1.06	2.65	0.68
Long-Term Debt	25.19	11.06	4.68	-	-	-
Total Liabilities	39.52	23.88	7.26	1.06	2.65	0.68
Common Stock	49.43	44.48	39.59	39.33	31.43	22.47
Additional Paid-In Capital	3.8	3.84	3.46	4.05	4.35	3.42
Retained Earnings	-36.44	-34.67	-31.75	-27.16	-23.76	-20.11
Comprehensive Income & Other	0.1	0.16	0.14	0.08	-0.04	0.01
Total Common Equity	16.89	13.8	11.44	16.3	11.98	5.79
Minority Interest	-1.22	-1.22	-1.22	-1.23	-1.22	-1.22
Shareholders' Equity	15.67	12.58	10.22	15.08	10.76	4.57
Total Liabilities & Equity	55.19	36.46	17.48	16.13	13.41	5.25
Total Debt	35.36	20.09	6.6	0.3	2.2	0.06
Net Cash (Debt)	-35.31	-19.99	-5.96	0.13	-1.15	0.16
Net Cash Per Share	-0.20	-0.13	-0.04	0.00	-0.01	0.00
Filing Date Shares Outstanding	202.79	179.66	139	137.84	122.79	87.23
Total Common Shares Outstanding	202.79	173.42	139	137.77	106.79	78.22
Working Capital	2.63	-9.45	-0.43	0.2	-1.23	-0.14
Book Value Per Share	0.08	0.08	0.08	0.12	0.11	0.07
Tangible Book Value	16.89	13.8	11.44	16.3	11.98	5.79
Tangible Book Value Per Share	0.08	0.08	0.08	0.12	0.11	0.07
Land	2.82	2.79	2.81	0.08	0.08	0.08
Machinery	0.57	0.23	0.23	0.23	0.2	0.13
Construction In Progress	21.43	9.76	4.35	4.29	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.