Penco Module Eia Application Admitted FOR Evaluation
PENCO MODULE EIA APPLICATION ADMITTED FOR EVALUATION
TORONTO, ON, June 24, 2024 – Aclara Resources Inc. (“Aclara” or “Company”) (TSX: ARA) is pleased to
announce that, after a five-business day review period, it has received confirmation of the admissibility of its
Environmental Impact Assessment (“EIA”) application by the Environmental Service Assessment (“SEA”) in
Concepción, Chile. This confirmation marks the first step in the application process.
In addition, on June 22, 2024 , an extract of the EIA was published by SEA in the Official Gazette . This
publication initiates the citizenship participation process, which lasts 60 business days. In parallel, the initial
technical review process for the first round of observations is underway and is expected to last
approximately 30 business days. Subject to SEA 's confirmation that there are no further requirements of
material information, the technical assessment will advance to the next phase of the process. The Company
anticipates that the EIA will undergo an evaluation period of approximately 18 months and is committed to
working with the SEA throughout the assessment and review process.
About Acara
Aclara Resources Inc. (TSX: ARA) is a development -stage company that is focused on heavy rare earth
mineral resources hosted in Ion -Adsorption Clay deposits. The Company’s rare earth mineral resource
development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the
State of Goiás, Brazil.
Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral
harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and
eliminates the need for a tailing’s storage facility. The extraction process developed by Aclara minimizes
water consumption through high levels of water recirculation made possible by the inclusion of a water
treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with
a common fertilizer main reagent, ammonium sulfate. Further, harmful levels of radionuclides, typical of hard
rock rare earth deposits, are not concentrated within the Aclara’s processing flowsheet. In addition to the
development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate
opportunities to increase future production of heavy rare earths through greenfield exploration programs
and the development of additional projects within the Company's concessions in Brazil, Chile, and Peru.
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, among other things, the Company’s expectations including statements with regard to, among
other things, the EIA submission, and the review thereof by the SEA and other evaluation services resulting in
the continuation of the EIA evaluation process . 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, the 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, timing, performance, achievements or future events or developments could differ materially from
those expressed or implied 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:
Ramon Barua
Chief Executive Officer