Toronto, Ontario--(Newsfile Corp. - October 25, 2024) - 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.
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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
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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
SOURCE: Toronto Stock Exchange
