Aclara received a certification from CORFO for its patented method of extracting Rare Earth Elements, known as "Circular Mineral Harvesting." This recognition highlights Aclara's work, focusing on researching various operational variables and boundary conditions to develop a highly innovative system for processing Rare Earth Elements from ionic clay deposits in Chile.
CORFO is a Chilean Government agency under the Ministry of Economy, Development, and Tourism, dedicated to supporting entrepreneurship, innovation, and competitiveness in the country while strengthening human capital and technological capabilities. Its main objective is to promote a society with more and better opportunities for all, contributing to the economic development of the nation.
The certification also includes a tax rebate of approximately US$2.1 million for expenses related to the installation and operation of Aclara's Pilot Plant. This financial support reflects CORFO's acknowledgment of Aclara's significant contribution to innovation and sustainability in the mineral extraction sector.