Aclara Appoints New General Manager to Accelerate Penco Module Development Toward Construction Readiness
Aclara Appoints New General Manager to Accelerate Penco Module Development
Toward Construction Readiness
TORONTO, ON, February 2, 202 6 – Aclara Resources Inc. (“Aclara” or the “Company”) (TSX: ARA) is
pleased to announce the appointment of Enrique Donoso Moscoso as General Manager of Aclara Chile,
effective February 2, 2026. This leadership appointment strengthens Aclara’s organizational structure as the
Company advances the Penco Module through an accelerated technical development toward construction
readiness.
“We are very pleased to welcome Enrique as our new General Manager in Chile,” said Ramón Barúa, CEO of
Aclara. “Enrique brings more than 35 years of executive leadership experience across complex industrial,
energy, infrastructure and natural resources projects in Chile and internationally. His proven track record in
operational excellence, project execution and stakeholder engagement will be instrumental as Aclara enters
this next stage of development.”
Mr. Donoso is a Civil Engineer from the Pontificia Universidad Católica de Chile and holds a Diploma in
Business Administration from Universidad Adolfo Ibáñez. He has held senior executive positions in leading
national and multinational organizations, including CMPC, Colbún, Aguas Andinas and Endesa, among
others, spanning the energy, infrastructure, industrial services and natural resources sectors.
Over the course of his career, Mr. Donoso has led large multidisciplinary teams and capital-intensive projects,
with extensive expertise in operational management, project development, environmental permitting,
contract administration, and engagement with authorities, communities and other key stakeholders. His
professional background is distinguished by a strong commitment to safety, sust ainability, efficiency and
long-term value creation.
As part of this leadership transition, Nelson Donoso, who has served as General Manager since 2023, will
assume the newly created role of Director of Corporate Development for Aclara Chile. In this position, Mr.
Donoso will continue to play a strategic rol e in strengthening Aclara’s relationships with authorities,
academia, industry associations, the media and other high -priority stakeholders, while leading the
development strategy for Aclara’s future modules in Chile.
This enhanced organizational structure reflects Aclara’s commitment to combining continuity and renewal,
reinforcing execution capabilities while maintaining a strong focus on stakeholder engagement and long -
term sustainable development.
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 minera l resources 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 Biobío
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
environmental impact through recycling and circular economy principles. Through its wholly -owned
subsidiary, Aclara Technologies Inc., the Company is further enhancing its product value by develop ing a
rare earths separation plant in the United States. This facility will process mixed rare earth carbonates
sourced from Aclara’s mineral resource projects, separating them into pure individual rare earth oxides.
Additionally, Aclara through a joint ve nture with CAP , 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.
Forward-Looking Statements
This news 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 the anticipated contributions of Enrique Donoso Moscoso as General Manager of Aclara Chile;
the strengthening of the Company’s organizational structure and execution capabilities; the advancement of
the Penco Module through accelerated technical development toward construction readiness; the Company’s
ability to successfully execute its project development plans, including environmental permitting, stakeholder
engagement, and project execution; the expected role of Nelson Donoso as Director of Corporate
Development; and the development strategy for Aclara’s future modules in Chile. 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. Such risks and uncertainties include, but a re not limited to, the factors
discussed under “Risk Factors” in the Company’s annual information form dated as of March 20, 2025, 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 news release is provided as of the date of this news 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:
Ramón Barúa Costa
Chief Executive Officer