Aclara Resources submits final addendum for Penco EIA

Executive Summary

• Aclara Resources Inc. has formally submitted Addendum 3 to Chile's Environmental Assessment Service (SEA), marking the final stage of the environmental impact assessment for the Penco module project.
• The addendum delivers comprehensive responses to final technical observations, incorporating refined engineering designs, enhanced environmental analyses, and adaptive measures for January wildfires.
• The Penco module is a strategic asset for producing heavy rare earths, supporting Aclara's vertically integrated supply chain and sustainable extraction goals in the Biobio region.

Key Details

• Submission: Formal filing of "Addendum 3" (extraordinary addendum) to the Environmental Assessment Service (SEA) of Chile.
• Project Stage: Final stage of the environmental impact assessment/permitting process for the Penco module.
• Technical Updates: Includes detailed responses to the final round of technical observations, refined engineering designs, and enhanced environmental analyses.
• Wildfire Response: Outlines specific adaptive measures implemented in response to wildfires that impacted the project area in January.
• Project Focus: Penco module is designed to produce significant quantities of heavy rare earths critical for global supply chains.
• Location: Biobio region, Chile.
• Strategic Context: Part of Aclara's vertically integrated rare earths supply chain strategy, utilizing patented "circular mineral harvesting" technology for ionic clay deposits to minimize water consumption and environmental impact.
• Broader Portfolio: Complements the Carina project in Brazil and advances alongside Aclara Technologies Inc.'s US-based separation plant and the CAP joint venture for alloy production.

Notable Quotes

• Jose Augusto Palma, Executive Vice-President: "As we reach this final stage of the permitting process, we are proud of the progress achieved and excited about what lies ahead for the Penco module. The submission of this exceptional addendum reflects the rigour of our technical work and our deep commitment to the communities and environment around us."
• Jose Augusto Palma: "The Penco module is a key project that will produce significant quantities of heavy rare earths, which are critical to enabling a more diversified and cleaner global supply chain for these scarce elements. We are advancing a project that upholds the highest environmental standards and has the potential to deliver long-term value for the Biobio region and Chile."