Aclara Resources – Penco Module EIA Submitted, Carina Module Drill Results And Growth Plans; Both Assets Being Advanced

June 12, 2024

Francios Motte, CFO of Aclara Resources (TSX:ARA) joins me to provide an update on the Penco Module, in Chile, and Carina Module, in Brazil. Both heavy rare earth assets (ionic clay) are being de-risked and moved toward a construction decision. 


We discuss the improved Environmental Impact Assessment (EIA) for the Penco Module in Chile, and recent drill results from the Carina Module in Brazil. The conversation highlights changes in project design, community engagement, and operational metrics that followed the first EIA rejection. 


Additionally, the discussion covers the timeline for EIA evaluation, the significance of new drill results, upcoming updates in resources, and future economic reports. Aclara’s progress towards vertically integrating rare earths processing within the U.S. is also explored. Lastly, the discourse delves into metallurgical testing, project timelines, and capital requirements for moving towards production and construction decisions by 2026-2027.

Click here to visit the Aclara Resources website to learn more about the Company.