Aclara was founded to provide the world with a clean source of heavy rare earths outside of China. Aclara’s concessions are located in the Maule, Ñuble, Biobío and Araucanía regions of Chile, covering an extensive 451,985 hectares of land (1,1 million acres). Aclara is currently developing the Penco Module, which extends across 600 hectares (1,483 acres) about 15 kilometres from Chile’s second most important city: Concepción.
The Company aims to produce quality rare earth oxide baskets sourced from ionic clay deposits rich in heavy rare earths in order to become a leading supplier of choice for clean-tech companies and technologies integral to green energy.
In October, 2021, the Company issued a Preliminary Economic Assessment prepared by Ausenco for the Penco Module Project, its only material property for the purposes of NI 43-101. The Company filed a robust Environmental Impact Assessment in April 2023 (read the news release here).
In an effort to define potential new modules, Aclara is conducting an aggressive exploration plan at its other mining concessions that can be developed economically, and with a minimal environmental footprint.