Aclara Announces Special Meeting Voting Results and Update ON Private Placement
ACLARA ANNOUNCES SPECIAL MEETING VOTING RESULTS
AND UPDATE ON PRIVATE PLACEMENT
TORONTO, ON, February 13, 2025 ― Aclara Resources Inc. (“ Aclara" or the " Company") (TSX: ARA) is
pleased to announce that the Company’s share holders approved an ordinary resolution (the “ Share Issuance
Resolution”) approving the proposed issuance by the Comp any of up to 51,303,573 common shares of the
Company (the “Common Shares”), on a private placement basis, to cert ain investors at a pr ice of C$0.70 per
Common Share (the “Private Placement”), at a special meeting of shareholders of the Company held on February
13, 2025. The matter voted upon at the Meeting, as required pursuant to the rules of the Toronto Stock Exchange
and applicable securities laws, is discussed in detail in the Company’s Management Information Circular dated
January 15, 2025 (the “ Circular”), which can be found under the Company’s profile on SEDAR+ at
www.sedarplus.ca.
The total number of Common Shares represented at t he Meeting was 124,549,170, representing approximately
74.85% of the Company’s issued and outstanding Common Shares as of the record date, which was fixed as of
the close of business on January 14, 2025. The Share Issuance Resolution was approved by the requisite number
of votes cast by disinterested shareholders (excluding Common Shares of excluded shareholders) at the Meeting
as follows:
Votes FOR % FOR Votes AGAINST % AGAINST
29,204,952 98.94 311,510 1.06
The Company has filed a report of voting results on the Share Issuance Resolution under its profile on SEDAR+
at www.sedarplus.ca.
The Company anticipates that the closing of the Private Placement will occur on or about February 19, 2025.
About Aclara
Aclara Resources Inc. (TSX: ARA), a Toronto Stock Exchange listed company, is focused on building a vertically
integrated supply chain for rare earths alloys used in permanent magnets. This strategy is supported by Aclara’s
development of rare earth mineral res ources hosted in ionic clay deposits, which contain high concentrations of
the scarce heavy rare earths, providing the Company with a long-term, reliable source of these critical materials.
The Company’s rare earth mineral resource development projects include the Carina Project in the State of Goiás,
Brazil as its flagship project and the Penco Module in the Bi o-Bio Region of Chile. Both projects feature Aclara’s
patented technology named Circular Mineral Harvesting, which offers a sustainable and energy-efficient extraction
process for rare earths from ionic clay deposits. The Circular Mineral Harvesting process has been designed to
minimize the water consumption and overall environm ental impact through recycling and circular economy
principles.
Through its wholly-owned subsidiary, Aclara Technologi es Inc., the Company is further enhancing its product
value by developing a rare earths separation plant in the United States. This facility will process mixed rare earth
carbonates sourced from Aclara’s mineral resource pr ojects, separating them into pure individual rare earth
oxides. Additionally, Aclara through a joint venture with CAP S.A., is advancing its alloy-making capabilities to
convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture
leverages CAP’s extensive expertise in metal refining and special ferro-alloyed steels.
Beyond the Carina Project and the Penco Module, Aclara is committed to expanding its mineral resource portfolio
by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil, Chile,
and Peru, aiming to increase future production of heavy rare earths.
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Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable securities legislation,
which reflects the Company’s current expectations regarding future events, including statements with regard to,
among other things, the timing of the closing of the Private Placement. Forward-looking information is based on a
number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the
Company’s control. Please refer to the risk factors discussed under “Risk Factors” in the Company’s annual
information form dated as of March 22, 2024, filed on the Company’s SEDAR+ profile. Actual results and timing
could differ materially from those projected herein. Unless otherwise noted or the context otherwise indicates, the
forward-looking information contained in this press release is provided as of the date of this press release and the
Company does not undertake any obligation to update such forward-looking information, whether as a result of
new information, future events or otherwise, except as expressly required under applicable securities laws.
For further information, please contact:
Ramon Barua
Chief Executive Officer