Ares Strategic Mining settles Utah claim dispute, acquires 101 mining claims for $77,878 plus shares.

Ares Strategic Mining's Utah subsidiary settled a dispute with Hinkinite Resources over overlapping mining claims in Juab County, Utah. Hinkinite agreed to abandon and transfer any interest in 101 unpatented mining claims to Ares in exchange for $77,878 in cash and expenses plus 170,887 common shares of Ares. The settlement resolves the related court case and includes mutual releases of claims. The shares issued will be subject to a hold period and regulatory approvals, marking a strategic consolidation of Ares' mining interests in Utah.