Northwire Canada EditionWednesday, August 5, 2026
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DEF 0.175 +6.1% UCU 3.49 +1.2% BBB 0.680 +0.0% PML 1.67 +0.6% GR 0.065 +0.0% GSKR 3.40 +3.3% LAR 9.03 −0.2% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.380 +22.6% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 11.07 +8.6% ODV 3.82 +12.0% DEF 0.175 +6.1% UCU 3.49 +1.2% BBB 0.680 +0.0% PML 1.67 +0.6% GR 0.065 +0.0% GSKR 3.40 +3.3% LAR 9.03 −0.2% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.380 +22.6% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 11.07 +8.6% ODV 3.82 +12.0%
Technical Study Material +

Aclara Announces Results from Technical Reports on Its Integrated Heavy Rare Earths Supply Chain

Aclara Feasibility Study Validates Heavy Rare Earth Strategy With 26% IRR

By The Northwire Desk — AI Analysis Apr 13, 2026 · 07:00 ARA · 3.57 Aclara Resources Inc.
Executive Summary
  • On April 13, 2026, Aclara Resources released NI 43-101 feasibility study results for its flagship Carina Project in Brazil and scoping/FEL-2 studies for its U.S. downstream projects (Project Dynamo and Metals & Alloys).
  • The Carina Feasibility Study shows an after-tax NPV of US$1.7 billion (8% discount), IRR of 26.9%, and a payback period of 2.9 years, with construction capex estimated at US$780.9 million.
  • Combined integrated chain studies project total capex of approximately US$1.21 billion across mining, separation, and alloy production, with an average IRR of ~26% and commercial start-up targeted for H2 2028.
  • Production forecasts include 4,378 tonnes/year of mixed rare earth carbonate from Carina, feeding a U.S. separation facility producing 148 tonnes/year of Dysprosium oxide and 1,131 tonnes/year of NdPr oxide.
  • This follows the November 2025 Pre-Feasibility Study (PFS) which showed an NPV of US$1.1 billion and IRR of 22%, indicating a significant upgrade in project economics upon conversion to Feasibility level.
  • Financing progress includes the closing of Tranche 1 of a US$50 million private placement on April 2, 2026, at C$2.83 per share, with Tranche 2 expected May 12, 2026.
Material Impact
  • The news confirms the bankable feasibility study that was anticipated following the PFS in November 2025, validating the technical and economic viability of the project.
  • Economics improved materially from PFS to FS: NPV increased by ~54% (US$1.1bn to US$1.7bn) and IRR rose from 22% to 26.9%, reducing execution risk.
  • The integrated supply chain studies (Mine-to-Alloys) de-risk the downstream revenue model, showing a clear path to value capture beyond raw carbonate sales.
  • However, the capital requirement remains substantial (~US$1.21 billion total) compared to the US$50 million raised in April 2026, indicating significant future dilution or debt financing will be required before construction begins in 2027/2028.
  • The news is not a "Game Changer" relative to market expectations because the PFS and financing were already priced into the stock leading up to this date; it is a confirmation of value rather than an unexpected surprise.
ARA · Price
Company Overview
  • Company: Aclara Resources Inc. is a critical minerals company focused on developing an integrated heavy rare earths (HREE) supply chain outside of China.
  • Flagship Project: Carina Project (Brazil). An ionic clay deposit hosting heavy rare earths (Dysprosium, Terbium, NdPr). It is the first project to declare NI 43-101 compliant mineral reserves for an ionic-clay resource.
  • Downstream Projects: Project Dynamo (Louisiana, USA) for separation; Metals & Alloys JV with CAP S.A. for magnet alloy production.
  • Technology: Proprietary "Circular Mineral Harvesting" process which avoids blasting, crushing, and milling, claiming >93% water recirculation and tailings-free operations.
Read the original news release →

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Aclara’s Penco Module cleared a Chilean environmental milestone, advancing its integrated heavy rare earth strategy despite remaining capital and permitting challenges.

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