ACLARA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF US$50 MILLION

Executive Summary

• Aclara Resources Inc. announced a US$50 million non‑brokered private placement of 24,215,548 common shares at C$2.83 per share, to be completed in two tranches (closing expected March 31 and May 12, 2026).
• Proceeds will fund development of the Carina Project in Brazil, the heavy‑rare‑earths “Project Dynamo” facility in Louisiana (U.S.), and related value‑chain initiatives; a small portion may support the Penco Module in Chile.
• The transaction is a related‑party financing requiring shareholder approval for the second tranche; the company will seek approval at its May 7, 2026 annual/general meeting.

Key Details

• Placement Size & Price: 24,215,548 common shares for aggregate gross proceeds of US$50,000,001 at C$2.83 per share.
• Investors & Allocation:
• CAP S.A. – 9,686,219 shares (now 12.92% post‑closing)
• Hochschild Mining Holdings Ltd. – 4,843,109 shares (now 19.32%)
• New Hartsdale Capital Inc. – 9,686,220 shares (now 36.51%)
• Tranche Structure:
• Tranche 1: 20,078,697 shares; US$41,458,276 gross proceeds; expected close ~31 Mar 2026.
• Tranche 2: 4,136,851 shares; US$8,541,725 gross proceeds; expected close ~12 May 2026 (subject to shareholder approval).
• Regulatory & Shareholder Approval:
• Transaction qualifies for MI 61‑101 exemption (≤25% of market cap).
• TSX manual requires disinterested shareholder approval for Tranche 2 due to >10% insider issuance; meeting scheduled for 7 May 2026.
• Use of Proceeds:
• Advance Carina Project development – NI 43‑101 feasibility study (Q1 2026) and Environmental Impact Study/Construction Permit (Q2 2026).
• Fund “Project Dynamo” in Louisiana – pilot plant commissioning (Q1 2026), AI digital twin & training (Q2–Q4 2026), basic engineering for industrial facility (Q3 2026).
• Support metals & alloys demonstration plant (Q2‑Q3 2026) and related pre‑feasibility/feasibility studies.
• Minor allocation, together with potential government funding, to U.S. heavy rare earths facility development.
• No proceeds earmarked for the Penco Module in Chile (financed separately by CAP’s prior investment).
• Key Project Milestones Highlighted:
• Carina: NI 43‑101 feasibility report (Q1 2026); EIS approval & construction permit (Q2 2026).
• Project Dynamo – Separation pilot plant start‑up (Q1 2026); digital twin demonstration (Q2–Q4 2026); basic engineering for industrial plant (Q3 2026).
• Metals & Alloys: Pre‑feasibility report (Q1 2026), feasibility report (Q4 2026), demo plant operation (Q2‑Q3 2026).
• Quotes:
• Eduardo Hochschild, Chair of Aclara: emphasized shareholder support and capital enabling progression to construction phase.
• Ramón Barúa, CEO of Aclara: highlighted financing as essential for 2026 priorities across Brazil, Chile, and the U.S., focusing on permits, bankable studies, and technology demonstrations.

Notable Quotes

• “This financing reinforces the long‑term commitment of Aclara's principal shareholders and provides the capital required to advance the Company toward the construction phase.” – Eduardo Hochschild, Chair
• “This financing provides the capital needed to deliver on our 2026 priorities across Brazil, Chile, and the United States… we are positioned to accelerate the development of our integrated projects toward construction and operational readiness.” – Ramón Barúa, CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company’s filings.