Critical Metals

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is saddened to announce the passing of Ms. Karen Poniachik, a member of the Aclara Board of Directors

"On behalf of Aclara, our employees and our Board of Directors, we extend our deepest condolences to Karen's family and friends," said Chairman Eduardo Hochschild. "It has been a privilege to know and work alongside her and we are grateful for her contributions to Aclara and to mining in Chile. She will be greatly missed."

Ms. Poniachik had been a director of Aclara since December 2021 and had been serving as the Chair of the Aclara Board's Sustainability Committee. She had been the Director of Columbia University's Global Centers Santiago since 2012 and a member of the board of directors and advisory boards of a number of companies and other entities. She previously served as Chile's first female Minister of Mining and acted as Chile's Special Envoy to the Organization for Economic Co-operation and Development (OECD) in the country's accession process to the organization.

Aclara Resources Inc., Thursday, October 13, 2022, Press release picture

About Aclara

Aclara is a development-stage rare earth mineral resources company located in Chile. Aclara is initiating the development of its resources through a project called the Penco Module (the "Penco Module"), which covers a surface area of approximately 600 hectares and which has ionic clays that are rich in rare earth elements. Aclara is currently focused on the development and on the future construction and operation of the Penco Module, which will aim to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits. Aclara's unique extraction process offers several advantages such as: no blasting, crushing or milling required; no tailings dam; minimal water consumption due to a high level of water recirculation; amenable leaching with a fertilizer; and no radioactivity.

For furtherinformation, please contact:

Ramon Barua
Chief Executive Officer
investorrelations@aclara-re.com

SOURCE:Aclara Resources Inc.



View source version on accesswire.com:
https://www.accesswire.com/720299/Aclara-Announces-the-Passing-of-Board-Member-Ms-Karen-Poniachik

News Provided by ACCESSWIRE via QuoteMedia

ARA:CA
Aclara Resources (TSX:ARA) Logo

Aclara Resources


Keep reading...Show less
Aclara Confirms Successful Completion of Its Process Flowsheet at Lab Scale

Aclara Confirms Successful Completion of Its Process Flowsheet at Lab Scale

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce the successful completion of a laboratory testing phase undertaken to optimize the metallurgical process and ensure that liquid residues not are generated. This test work forms part of the development program for the extraction of Rare Earth Elements ("REE") from Aclara's ionic clay resource in the Penco Module ("Project") located in the Bio Bio Region, in the south of Chile

This represents an important milestone in the development of the proposed Aclara REE extraction process, now known as "Circular Mineral Harvesting", as it demonstrates a unique process that not only results in attractive recoveries of REE but also minimizes the associated environmental footprint. The results show that 95% of the fresh water utilized by the process plant is retained within the circuit, that 99% of the main reagent (ammonium sulphate) is recirculated, and that no liquid residues will be produced thus negating the need for a tailings facility. In addition, the mining activities do not require the use of explosives nor subsequent crushing and milling, resulting in a very low carbon footprint operation. The successful completion of this test work materially de-risks the metallurgical attributes of the Project.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Aclara Provides Results for the Third Quarter of 2022

Aclara Provides Results for the Third Quarter of 2022

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce its financial results for the nine months ended September 30, 2022. Details of the Company's financial results are contained in the unaudited interim consolidated financial statements and management's discussion and analysis, which will be available under the Company's corporate profile on SEDAR at www.sedar.com and on the Company's website at www.aclara-re.com. All amounts are expressed in United States dollars unless otherwise stated

Q3 Highlights

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ACLARA ANNOUNCES POSITIVE RULING RELATED TO MADESAL ARBITRATION PROCEEDING

ACLARA ANNOUNCES POSITIVE RULING RELATED TO MADESAL ARBITRATION PROCEEDING

Aclara Resources Inc. (" Aclara " or the " Company ") (TSX: ARA) is pleased to announce that an arbitrator of the Arbitration Center of the Santiago Chamber of Commerce (" ACSCC ") has recently rendered a final ruling in favour of Aclara in connection with the previously disclosed arbitration proceeding between the Company and Madesal SpA (" Madesal "), providing for no specific performance nor payments of any kind to be made by the Company to Madesal.

Aclara Resources Inc. Logo (CNW Group/Aclara Resources Inc.)

The grounds for the arbitration, which was initiated by Madesal before the ACSCC, was its  claim of an alleged violation of preparatory agreements executed between the parties in 2014 and 2015 (the " MOU and its Addendum ") pursuant to which Madesal would grant to the former owner of the Penco Module a mining easement over its property called "Fundo El Cabrito" for the future development of the Penco Module. As consideration for the easement, and recognizing the strategic value of the Fundo El Cabrito property, Madesal was granted a royalty over the future production of rare earths mined on the said property. Nevertheless, it was subsequently decided for technical and environmental reasons that the Penco Module would be developed in a different location and that, as a result, no mining would take place on Madesal's property. Madesal had been seeking specific performance of the obligations allegedly derived from the MOU and its Addendum, plus damages, which amounted to approximately US$30 million .

The ruling of the arbitrator, Mr. Roberto Guerrero del Rio , of the ACSCC was rendered on October 28, 2022 , however, the outcome of the ruling was not disclosed to the Company until it was served with the ruling today.

About Aclara

Aclara is a development-stage rare earth mineral resources company located in Chile . Aclara is initiating the development of its resources through a project called the Penco Module (the " Penco Module "), which covers a surface area of approximately 600 hectares and which has ionic clays that are rich in rare earth elements. Aclara is currently focused on the development and on the future construction and operation of the Penco Module, which will aim to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits. Aclara's unique extraction process offers several advantages such as: no blasting, crushing or milling required; no tailings dam; minimal water consumption due to a high level of water recirculation; amenable leaching with a fertilizer; and no radioactivity.

SOURCE Aclara Resources Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/02/c3197.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Aclara to Attend Rare Earths and Sustainability Mining Conferences

Aclara to Attend Rare Earths and Sustainability Mining Conferences

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that the Company will be participating in strategic Rare Earths and Sustainability Mining conferences on September and October

Asian Metals - 13th Rare Earth Summit

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Aclara Awarded as Sustainability Initiative of the Year

Aclara Awarded as Sustainability Initiative of the Year

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that the Business Intelligence Group has designated Aclara as one of the receivers of this year's Sustainability Initiative of the Year award, in the 2022 Sustainability Awards program. The Sustainability Awards honor those organizations who have made sustainability an integral part of their business practice or overall mission

"We are proud to reward and recognize Aclara Resources for their sustainability efforts," said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. "It was clear to our judges that their vision and strategy will continue to deliver results toward a cleaner, more sustainable world. Congratulations!"

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
E-Tech Resources Grants Options

E-Tech Resources Grants Options

E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) ("E-Tech" or the "Company") announces that it has granted 1,060,000 stock options under the Company's Stock Option Plan ("Plan") to officers, directors, consultants, and employees. Officers and directors were granted 800,000 of the total options granted.

Each option is exercisable into one common share at an exercise price of $0.10 per share, will vest at the rate of 25% of the total on each of the six-month anniversary dates of the grant and will expire after five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Plan.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Helium Evolution Announces Filing of Third Quarter 2022 Financial and Operating Results

Helium Evolution Announces Filing of Third Quarter 2022 Financial and Operating Results

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, today announced the filing of our unaudited financial results for the three and nine- month periods ended September 30, 2022, along with a corporate update on activities that have occurred subsequent to the end of the period.

For complete details of the condensed interim consolidated financial statements and the associated management's discussion and analysis, please refer to the Company's filing on SEDAR ( www.sedar.com ).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Helium Evolution Provides Update on First Farmout Well Drilled by North American Helium

Helium Evolution Provides Update on First Farmout Well Drilled by North American Helium

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on finding, developing and commercializing assets in southern Saskatchewan, today provides an update on the first of two wells that will be drilled by year end 2022 (the " First Test Well "), NAH Grasslands 13-30-2-8W3, on farmout lands within Block 1 at Mankota in Saskatchewan.

The First Test Well was drilled and fully funded by HEVI's farmout partner, North American Helium (" NAH "), pursuant to a previously announced farmout arrangement (see press releases dated October 21, 2022 , and June 28, 2022 ). After reaching total depth over the weekend, NAH has informed HEVI that the open hole portion of the First Test Well will be abandoned, but that NAH is electing to suspend the cased hole portion of the well to afford optionality and the ability to re-enter it at a later date, potentially to drill a sidetrack to another target. NAH is expected to spud its second licenced location on HEVI lands at NAH 1-1-6-10W3 (the " Second Test Well ") in mid-December.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
E-Tech Identifies 17 Drill Targets for Exploration Drilling at Its 100% Owned Eureka Project

E-Tech Identifies 17 Drill Targets for Exploration Drilling at Its 100% Owned Eureka Project

E-Tech Resources Inc. (TSXV: REE) (FSE: K2I) ("E-Tech or the Company") is pleased to announce the identification of 17 robust drill targets defined through the recently completed ground geophysical and exploration mapping programs.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Helium Evolution Confirms First Farmout Well Spud by North American Helium

Helium Evolution Confirms First Farmout Well Spud by North American Helium

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that its partner, North American Helium (" NAH "), has spud the first well (the " First Test Well "), NAH Grasslands 13-30-2-8W3, on farmout lands within Block 1 at Mankota in Saskatchewan, pursuant to a previously announced farmout arrangement (see press releases dated October 21, 2022 and June 28, 2022 ). This First Test Well is situated due south of the NAH helium discovery at Mankota.

Drilling at the 13-30 location is expected to take approximately 14 days to reach a total depth of 2,720 metres. Once drilling has concluded, the rig is expected to move to NAH's second licenced location at NAH 1-1-6-10W3 (the " Second Test Well "). Preliminary flow test results from the First Test Well are anticipated to be available before the end of December, 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Search Minerals to Commence an Initial 2,000m FOX MEADOW Phase 1 Drill Program

Search Minerals to Commence an Initial 2,000m FOX MEADOW Phase 1 Drill Program

Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (" Search " or the " Company ") is pleased to announce the commencement of an initial 2,000m FOX MEADOW Phase 1 drill program . FOX MEADOW is the third major drill target in the Port Hope Simpson St. Lewis Critical Rare Earth Elements (CREE) District in SE Labrador. The drill program is expected to commence shortly, as our drilling contractor mobilizes on site this week. The drilling is expected to be completed in early December, 2022.

FOX MEADOW DRILL PROGRAM

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×