Aclara Receives Positive Environmental Qualification Resolution For The Penco Module
Aclara Receives Positive Environmental Qualification Resolution
For The Penco Module
TORONTO, ON / ACCESS Newswire / June 23, 2026 / Aclara Resources ("Aclara" or the
"Company") (TSX:ARA) announces that the Environmental Qualification Resolution ("RCA")
for the Penco Module project (the "Penco Module" or the "Project"), which is being
developed in partnership with Grupo CAP , has been formally issued and published in
Chile's Environmental Impact Assessment System ("SEIA"). The publication of the RCA
formalizes the environmental approval granted by the Environmental Assessment
Commission of the Biobío Region on June 8, 2026, thereby concluding the environmental
assessment process for the Project. In addition to the RCA, the environmental approval
includes the corresponding environmental authorizations associated with the applicable
Sectoral Environmental Permits ("PAS") evaluated as part of the environmental review
process.
The RCA and associated environmental authorizations establish the environmental
conditions, commitments, monitoring programs, and management measures that will
govern the development and operation of the Project. With the environmental permitting
phase now complete, the Company will advance the next stage of project development,
including the processing of sectoral permits required for construction and operation, the
completion of basic and detailed engineering activities, and the implementation of the
environmental and community commitments established during the assessment process.
The Company acknowledges and appreciates the participation of public agencies, local
communities, Indigenous representatives, technical experts, academic institutions, and
other stakeholders who contributed throughout the environmental review process.
Aclara remains committed to transparency, accountability, and ongoing stakeholder
engagement. The Company will continue to maintain open and constructive
communication with local communities, public authorities and other stakeholders as it
advances the Project and fulfils its environmental commitments and monitoring programs.
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
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 o\ers a sustainable and energy-e\icient extraction
process for rare earths from ionic clay deposits. The Circular Mineral Harvesting process
has been designed to minimize 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 developing
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 venture 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.
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 the development of the Penco Module, the
advancement of the next stage of project development, the processing and receipt of
sectoral permits required for construction and operation, the completion of basic and
detailed engineering activities, the implementation of environmental and community
commitments, the execution of monitoring programs and management measures, the
timing and progression of permitting activities, and the Company's ongoing engagement
with local communities, public authorities and other stakeholders. 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 are not limited to risks related to operating in a foreign
jurisdiction, including political and economic problems in Chile and Brazil; risks related to
changes to mining laws and regulations and the termination or non-renewal of mining
rights by governmental authorities; risks related to failure to comply with the law or obtain
necessary permits and licenses or renew them; compliance with environmental
regulations can be costly; dependence on relations and agreements with local
communities; actual production, capital and operating costs may be di\erent than those
anticipated; the Company may not be able to successfully complete the development,
construction and start-up of mines and new development projects; risks related to
fluctuation in commodity prices; risks related to mining operations; and dependence on
the Penco Module and/or the Carina Project. Aclara cautions that the foregoing list of
factors is not exhaustive. For a detailed discussion of the foregoing factors, among others,
please refer to the risk factors discussed under "Risk Factors" in the Company's annual
information form dated as of March 18, 2026, filed on the Company's SEDAR+ profile.
Actual results and timing could di\er 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 Barúa
Chief Executive O\icer
Media Inquiries
Nancy Thompson
SOURCE: Aclara Resources Inc.