Company Highlights
- Aclara Resources is a heavy rare earths company developing two ionic-clay heavy rare earth deposits; one in Chile and one in Brazil.
- The company’s unique, patented process, known as Circular Mineral Harvesting is a closed-circuit that extracts heavy rare earth elements (HREE) in a clean way. 95 percent of the water used and 99 percent of the main reagent (a fertilizer) are recirculated, eliminating the need for a tailings dam and conditioning the spent clays for future revegetation with native trees.
- Aclara announced a positive PEA for its Carina Module (Brazil) in January 2024: After-tax Net Present Value of ~US$1.2 billion using an 8% discount rate, 29% IRR over the 17-year project life
- The company successfully tested its clean process with ionic clays from both projects at its pilot plant in Chile in 2023-2024.
- In March 2024, the Company announced a strategic investment from CAP S.A in its Chilean subsidiary of up to US$80M
- Aclara was awarded the 2022 Sustainability Initiative of the Year Award and the 2023 Innovation Award for its Circular Mineral Harvesting process.
- As at Q1 2024, the Company’s cash balance totaled US$27.744M
Pilot Plant May 2023
Overview
Aclara Resources (TSX:ARA), a heavy rare earth element (HREE) exploration and development company, is on a quest to reinvent rare earths mining as a climate-friendly industry, sustainably supplying these critical metals the world requires to achieve a low-carbon future.
Aclara has patented unique process to extract heavy rare earths in a sustainable way. The process, called “Circular Mineral Harvesting” requires no tailings dam, prioritizes full revegetation of impacted areas, and recirculates up to 95%of water used and 99% of the main reagent (a common fertilizer that recovers the rare earths from the clays). Additionally, Aclara will leave a low carbon footprint due to the lack of explosives, grinding or milling in its extraction process. This transformative new process led to the company earning the 2022 Sustainability Initiative of the Year award and the 2023 Innovation Award from SEAL Awards.
Aclara ran a successful piloting operation for the Penco Module’s ionic clays from June to August 2023. The Company processed a total of 120 tonnes of ionic clays and produced approximately 107 kilograms of wet high purity Heavy Rare Earth Elements. The piloting operation was a pivotal element of Aclara's commercial strategy, resulting in the production of representative product samples that have been sent to more than ten separation companies across the United States, Europe, and Asia.
The Company followed a similar piloting operation with its Carina Module (Brazil) clays from December 2023 to February 2024, producing ~15 kilograms of heavy rare earth mixed carbonates, which were key in commercial discussions with potential separators, other stakeholders from the rare earths value chain and original equipment manufacturers.
Aclara plans to become a fully integrated heavy rare earths company, from mine to alloy. In collaboration with the Saskatchewan Research Council and Hatch, the company is developing a rare earths separation facility in the U.S. using a solvent extraction process. In addition, Aclara is developing its metals and alloys capability through a joint venture with CAP S.A, a Chilean company leading in the world. A strategic investment from CAP S.A in Aclara’s Chilean subsidiary of up to US$80M was announced in March 2024. CAP is one of the leading high-grade iron ore producers in the world, with four operating mines in Chile. In addition, CAP operates five ports, and has a strong connection with the people of the Biobío region, where it has been a major employer for several decades.*Disclaimer: This profile is sponsored by Aclara Resources ( TSX:ARA ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Aclara Resources in order to help investors learn more about the company. Aclara Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Aclara Resources and seek advice from a qualified investment advisor.