Aclara Resources Inc.

Aclara Appoints General Manager

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce the appointment of Nelson Donoso as General Manager of the Company effective May 15th, 2023.

"We are delighted to welcome Nelson as our new General Manager," said Ramón Barúa, CEO and Director of Aclara. "Nelson, born in Penco and educated in the Biobío region, is a highly recognized local leader with vast experience leading and executing projects that have driven significant progress in Biobío. He has remarkable in-country experience, and will bring strong business network and enthusiasm to our Aclara story."

Mr. Donoso is currently a board member and Vice President of the "Cámara de la Producción y del Comercio Biobío" (Biobio's Chamber of Production and Commerce), the most important guild association in the Biobío Region, which brings together the main productive sectors, including more than 140 companies and trade associations. In this entity, he also serves as President for Clean Energy and Climate Change Committee. Additionally, he is a member of the Advisory Council of Biobio's Regional Ministry of the Environment and of the Environmental Advisory Committee for the Regional Governor of Biobio. He is also a board member of the "Asociación de Gas Natural de Chile" (Chilean Association of Natural Gas), a guild organization that seeks to promote the development of the natural gas industry in Chile.

With 29 years of professional experience, Mr. Donoso has managed organizations focusing on safety, health and environmental matters. He has also led teams in the development of large-scale industrial energy transformation projects, as well as executed infrastructure projects for the transportation and regasification of natural gas.

Between 2019 and 2023, Mr. Donoso served as the General Manager of Innergy Soluciones Energéticas S.A. and Gasoducto del Pacífico, a company that has been supplying natural gas to the Biobío and Ñuble regions since 1999. Between 1998 and 2019, Mr. Donoso served as the Chief Operating Officer at Innergy Soluciones Energéticas S.A., where he oversaw the commercial and risk prevention areas, as well as the operations of the Pacific Gas Pipeline between Argentina and Chile.

Mr. Donoso's accomplishments include designing, obtaining environmental permits for, and overseeing the construction of over 120 kilometers of natural gas pipelines, implementing a Pipeline Operation and Maintenance Program, and forming an operations team with a working culture focused on safety and planning.

About Aclara

Aclara Resources is a Rare Earths company with a development project in Chile, and is listed on the TSX (TSX:ARA).

Aclara is initiating the development of its resources through a project called the Penco Module, which covers a surface area of approximately 600 hectares, and which hosts ionic clays rich in rare earth elements. Aclara is currently focused on the development and future construction and operation of the Penco Module, which will aim to produce a rare earth concentrate through a processing plant fed by clays from nearby deposits. Aclara's extraction process offers several environmentally attractive attributes such as: no requirement to blast, crush, or mill the feedstock; no tailings facility; minimal water consumption due to a high level of water recirculation; amenability to leaching with a fertilizer; and containing no radioactivity. In parallel with the development of the Penco Module, the Company intends to identify additional opportunities to increase future rare earth element production via intensive greenfield exploration programs and the subsequent development of additional project "modules" within the Company's concessions.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events, including statements with regard to, among other things, management's expectations as to the accretive value to the Company from the appointment of Mr. Donoso as General Manager. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Company's annual information form dated as of March 28, 2023 filed on the Company's SEDAR profile. Actual results and timing could differ materially from those projected herein. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained in this news release is provided as of the date of this news release and the Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

For further information, please contact:

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

Source

Click here to connect with Aclara Resources Inc. (TSX:ARA) to receive an Investor Presentation

ARA:CA
The Conversation (0)
Aclara Secures Funding from Corfo's Innovation High-Tech Program for Artificial Intelligence Project

Aclara Secures Funding from Corfo's Innovation High-Tech Program for Artificial Intelligence Project

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that its Chilean subsidiary, REE Uno, has been awarded a research, development and innovation grant of US$ 730,000 from the Innovation Management Division of the Chilean Economic Development Agency ("CORFO") to implement and further develop a new exploration technology using artificial intelligence ("AI") models. Combined with Aclara's own investment, the initiative will have total funding of approximately US$ 1.0 million

This initiative harnesses advanced multi-variable machine learning models to analyze and interpret complex data, revolutionizing rare earth element ("REE") exploration, particularly associated with ionic clay deposits. The algorithms are designed to process large volumes of geological and geospatial data generated both internally as well as acquired from third parties, all of which is stored and organized within a centralized database developed by Aclara.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Aclara Receives Support from the U.S. Department of Commerce

Aclara Receives Support from the U.S. Department of Commerce

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that it is working with the U.S. Department of Commerce's International Trade Administration, through its SelectUSA program, to conduct a study aimed at identifying the optimal site for Aclara's planned separation facility in the United States (the "Location Study

The SelectUSA program fosters business investment that supports economic development and job creation in the United States. To date, SelectUSA has facilitated over $250 billion in investments, creating or retaining more than 230,000 jobs across the country.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Toronto Stock Exchange, Aclara Resources Inc., The View from the C-Suite

Toronto Stock Exchange, Aclara Resources Inc., The View from the C-Suite

Ramon Barua, Chief Executive Officer, Aclara Resources Inc. ("Aclara Resources" or the "Company") (TSX: ARA), shares their Company's story in an interview with TMX Group.

The View From The C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View From The C-Suite visit https://www.tsx.com/en/c-suite

About Aclara Resources Inc. (TSX: ARA)

Aclara Resources Inc. (TSX: ARA) is a development-stage company that focuses on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil.

Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's current concessions in Brazil, Chile, and Peru.

Aclara has decided to vertically integrate its rare earths concentrate production towards the manufacturing of rare earths alloys. The Company has established a U.S.-based subsidiary, Aclara Technologies Inc., which will focus on developing technologies for rare earth separation, metals, and alloys. Additionally, the Company is advancing its metals and alloys business through a joint venture with CAP S.A., leveraging CAP's extensive expertise in metal refining and special ferro-alloyed steels.

Product or service names mentioned herein may be the trademarks of their respective owners.

To learn more, visit: https://www.aclara-re.com/

SOURCE Toronto Stock Exchange

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227819

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Aclara Announces Update on its Rare Earths Separation Project

Aclara Announces Update on its Rare Earths Separation Project

Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce the completion of a conceptual engineering study for its rare earths ("REE") separation project, currently being developed by its U.S.-based subsidiary, Aclara Technologies. The separation flowsheet concept, based on solvent extraction, was developed in collaboration with the Saskatchewan Research Council. This concept provided the foundation for Hatch to complete a Class 5-AACE CAPEX and OPEX estimate, while also incorporating robust environmental features such as significant waste reduction and zero liquid discharge. The initial results are highly encouraging, and positions Aclara to become the first vertically integrated heavy rare earths company outside of Asia

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Update Regarding the Penco Module Permitting Process

Update Regarding the Penco Module Permitting Process

Aclara Resources Inc. ("Aclara" or "Company") (TSX:ARA) informs that the evaluation process of the Penco Module's Environmental Impact Assessment ("EIA") continues and has now formally received from the Environmental Service Assessment ("SEA") the consolidated report with the observations and questions ("ICSARA") received from the different agencies involved in the evaluation process

The Company is diligently working to file its response addressing questions and observations received by the end of Q1, 2025. The Company is committed to working with the SEA throughout the assessment and review process.

News Provided by ACCESSWIRE IA via QuoteMedia

Keep reading...Show less
Business handshake with Australian money in background.

Australian Rare Earths Finalises AU$5 Million Federal Government Grant Agreement

Australian Rare Earths (ASX:AR3) has signed and finalised its AU$5 million grant agreement under the Australian government's International Partnerships in Critical Minerals (IPCM) program.

The funding will go toward the advancement of the company's Koppamura project in South Australia and Victoria.

“The grant validates the potential of the Koppamurra Rare Earths Project and its strategic importance in building diverse, resilient and sustainable supply chains through strong and secure international partnerships,” the company said.

Keep reading...Show less
Businessmen signing contract.

EVZ Secures Energy and Resources Sector Contracts Worth AU$28.5 Million

Australian engineering services company EVZ (ASX:EVZ) said on Tuesday (January 7) that it has been awarded two contracts in the energy and resources sector through its subsidiary Brockman Engineering.

The contracts are for the engineering and construction of the Hastings fuel terminal expansion, and for storage tanks for the Eneabba rare earths refinery project in Western Australia. In total they amount to AU$28.5 million.

“We are very pleased with the ongoing success of our businesses in the Energy & Resources sectors, as they expand their presence and grow their backlog for the upcoming periods,” said CEO Scott Farthing.

Keep reading...Show less
Different types of rare earth metals magnets laid out over black surface.

Rare Earths Stocks: 5 Biggest ASX Companies in 2024

Prices and demand for rare earths have taken a hit in recent years. However, the long-term outlook for these important materials remains positive.

Rare earth elements (REEs) are key metals for high-tech applications, including permanent magnets, which have widespread potential, especially in the technology and electric vehicle sectors.

With future demand looking strong, countries around the world are keen to secure rare earths from sources outside of China — which is good news for rare earths companies in Australia. Indeed, looking at the next couple of decades, the International Energy Agency notes that rare earths demand could double by 2040.

Keep reading...Show less
American Rare Earths Limited

Wyoming Rare USA Secures Strategic Facility to Support Halleck Creek Project

American Rare Earths Limited (ARR) (ASX: ARR | OTCQX: ARRNF, AMRRY) is pleased to announce that its wholly owned subsidiary, Wyoming Rare (USA) Inc., has secured a facility at the Western Research Institute in Laramie, Wyoming. This significant development marks a key step forward in the company’s efforts to progress the Halleck Creek Rare Earths Project and enhance its operational capabilities in the region.

Keep reading...Show less
Businessmen shaking hands.

Victory Metals Signs Rare Earths Offtake MOU for North Stanmore with Sumitomo

Victory Metals (ASX:VTM) said Tuesday (December 17) that it has signed a strategic non-binding memorandum of understanding (MOU) with Sumitomo (TSE:8053), a leading integrated trading and investment enterprise.

The MOU establishes a potential long-term mixed rare earth carbonate offtake partnership between the two companies. It will have an initial five year offtake term with a possible five year extension.

According to Victory Metals, its target is to provide Sumitomo with 30 percent of the annual mixed rare earth carbonate production from the North Stanmore heavy rare earth elements (HREE) project.

Keep reading...Show less
US currency and US flag.

Ucore Receives US$1.8 Million DoD Payment to Build North American Rare Earths Supply Chain

Critical minerals company Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF) announced the receipt of a US$1.8 million payment from the US Department of Defense (DoD) on December 13.

The funding will support Ucore’s subsidiary, Innovation Metals, in demonstrating its RapidSX rare earths separation technology at a commercial demonstration facility in Kingston, Ontario.

This effort forms part of a broader initiative to establish a sustainable rare earths supply chain in North America, a key step in moving away from foreign sources for these essential materials.

Keep reading...Show less

Latest Press Releases

Related News

×