Ares Strategic Mng New ARSMF

$ARSMF Ribbon cuttings and debt-swap dilution are old news. The real test for Ares isn't in the press releases; it’s execution. > With the Delta plant infrastructure built and the baseline cleanup out of the way, all eyes are on the next investment gate. We don't need more ribbon ceremonies—we need hard, verified data: actual metspar tonnage leaving the yard, customer invoices clearing, and real top-line revenue hitting the books. > The insiders and contractors taking equity are locked up for 4 months, which gives them skin in the game, but the stock won't re-rate on hope alone. Watching closely for the next operational update on commercial shipments. That’s the real catalyst. 📊⚙️

$ARSMF 3. The Liquidity Reality (Why He Needs Ares to Succeed) While Durr will eventually want to monetize his position to recoup his capital, a micro-cap stock trading on the CSE typically experiences thin daily volume. The Float Challenge: You cannot quietly liquidate 5.55 million shares into a low-volume micro-cap without crashing the stock price. The Solution: To get his money back safely, Durr actually needs Ares to succeed operationally, expand its market capitalization, and list on Nasdaq to create the institutional liquidity required for a clean exit at higher valuations.

$ARSMF 2. The "Builder’s Incentive" (Operational Alignment) Because Roy Durr and his team at Provo Mining built the infrastructure from the ground up, his perspective is vastly different from a typical passive lender or distressed-debt vulture. Skin in the Game: He has intimate, boots-on-the-ground knowledge of the physical assets. Taking equity was a choice to back his own construction work. Shared Horizon: If he applies destructive short-term pressure or forces a cash crunch, he tanks the value of his own 5.55 million shares. His incentive is aligned with making the plant operational so his equity block appreciates.

$ARSMF When evaluating whether Roy Durr (President and CEO of Provo Mining and Construction, the firm that physically built Ares' mine and processing facility) will apply timeline pressure to recoup his $1 million USD investment, the dynamics are shaped by three major legal and practical factors: 1. The Legal Lock-Up: The 4-Month Statutory Hold Period Under Canadian Securities Exchange (CSE) and provincial securities regulations, shares issued via a debt settlement are subject to a mandatory 4-month statutory hold period from the date of issuance. What this means: Roy Durr physically cannot sell or dump those 5.55 million shares on the open market right now. His hands are legally tied for at least four months, giving Ares a built-in grace period where he cannot create immediate selling pressure.

$ARSMF Rather than exerting hostile timeline pressure, Roy Durr’s debt-for-equity swap acts as an insider vote of confidence backed by a 4-month legal lock-up. He is tied to the operational timeline: he needs the Delta, Utah facility to run smoothly just as much as retail shareholders do so he can eventually liquidate his shares at a profit.

$ARSMF https://ceo.ca/content/sedar/ARS-2026-10-20-news-release-english-b022.pdf

$ARSMF Happy it's going up. Just wish I knew why.

$ARSMF Fire Walker Follow-Up No company keeps the same CEO throughout its growth. The job changes; different skill sets are required. Walker is an engineer with the charisma of Toad. He can't sell shit. Maybe a fantastic engineer, but he ain't no Sales Guy. The engineering is done. Send him down the mine, dig more holes, extract more ore. Finish up the flotation plant ahead of schedule, not late. Get some of that DOD Fed money on the books. Now we need a charismatic salesman to make the f'n cash register ring. Get some money on the books and prop up the share value before Private Equity comes in and sucks it all up. Or he will really be out of a job. Walker is three (3), count'm THREE YEARS behind schedule. He is drawing $10K USD a month plus CEO Perks, so at least double that. Fat AMEX Card, PJ's, meals, cars, all the free stuff that CEOs gobble up. He sure got paid, while burning cash like a Dot.Com on methamphetamine. Now COVID hurt, not all his fault, it is time.