Pilot plant

Aclara inaugurated its semi-industrial heavy rare earths pilot plant facility in Aparecida de Goiania, Goias, Brazil on April 28^th 2025. The ceremony was attended by key government authorities from the State of Goias, the Municipality of Nova Roma, and representatives from federal agencies and international embassies.
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The main products from this pilot plant are Dysprosium and Terbium, which, along with other heavy and light rare earths, will be contained in the carbonate produced by the facility. Aclara expects to process approximately 200 tons of clays, resulting in an estimated production of 150 kilograms of heavy rare earth carbonates.

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Government relations

This agreement, signed on August 16th, 2024, underscores the strategic importance of the Carina Project, aligning it with the best interests of both the State and Nova Roma. The partnership aims to expedite the permitting process and support the execution, implementation, and operation of the project, highlighting its significance for the social and economic development of Nova Roma and Goiás. This initiative also strengthens Brazil's position as a key player in the sustainable supply of critical minerals.

Key Responsibilities:

• State of Goiás and Municipality of Nova Roma: To work to efficiently evaluate the environmental and other permits required for the Project, support critical infrastructure enhancements and partner with Aclara to assist in the development of the local workforce.

• Aclara: To invest $582.3 million (expected CAPEX outlined on the preliminary economic assessment of the Carina Project previously announced by the Company on January 22, 2024), creating 3,200 direct jobs and prioritizing local work force and suppliers.

Meetings

Aclara regularly engages with key government and industry representatives in Goiânia to strengthen partnerships and advance the Carina Project. In January 2025, Vice President José Palma and Country Manager Murilo Nagato provided updates on project milestones. That same month, meetings with the Governor of Goiás and state officials focused on economic benefits, licensing, and infrastructure, while discussions with the Federation of Industries of Goiás (FIEG) underscored the project's role in driving sustainable development.

Permitting

Aclara initiated the development of environmental baseline studies for the Carina Project in 2024, aiming to deliver an Environmental Impact Assessment by the first half of 2025.