Aclara Announces Significant Progress in Its Metals and Alloys Project
Aclara bridges the "mine-to-magnet" gap with successful metallurgical alloy production milestones.

The most recent news (March 11, 2026) announces the completion of technological development for Aclara’s metals and alloys project. The company will now implement a demonstration plant using molten salt electrolysis technology to produce 175 kgs per day of NdPr (Neodymium-Praseodymium) alloy with >99.5% purity. This plant is scheduled to commence operations in H2 2026. The project is a 50/50 joint venture with Chilean steelmaker CAP S.A. and aims to process oxides from Aclara’s proposed Louisiana separation facility.
The news is Routine - Positive. While the technological completion is a necessary milestone for the "mine-to-magnet" strategy, it was largely expected following the formation of the JV with CAP S.A. in 2024 and the hiring of COO Hugh Broadhurst to lead downstream initiatives. - Strategic Alignment: It validates the company's ability to move beyond raw mining into high-value downstream processing. - De-risking: Moving to a demonstration plant scale (175kg/day) is a standard but vital step before full-scale commercialization. - Integration: It confirms the flow-sheet: Ionic clay (Brazil/Chile) -> Carbonates -> Oxides (Louisiana) -> Alloys (JV with CAP). - Financials: The news does not provide new CAPEX figures for this specific plant, though previous guidance suggested a total vertical integration cost of $1.2B.
Aclara is developing two primary heavy rare earth (HREE) ionic clay deposits: - Carina Project (Brazil): The flagship asset. PFS (Nov 2025) showed an NPV8 of $1.1B and IRR of 22%. It is characterized by low-cost "Circular Mineral Harvesting" (no tailings, 95% water recycling). - Penco Module (Chile): A smaller but high-grade HREE deposit currently in the final stages of a contentious environmental permitting process. - Downstream: A planned separation facility in Louisiana, USA, and an alloy JV with CAP S.A.