Aclara Resources, Inc. ( (TSE:ARA) ) has issued an update.
Aclara Resources Inc. has submitted an Addendum to the Environmental Service Assessment Authority as part of the Penco Module Environmental Impact Assessment process. This submission addresses technical and citizen observations, demonstrating Aclara’s commitment to meeting high environmental and social standards. The SEA will take approximately 30 days to confirm the next steps. This advancement in the evaluation process is crucial for Aclara’s operations, as it aims to implement the Penco Module swiftly, enhancing its industry positioning and stakeholder relations.
More about Aclara Resources, Inc.
Aclara Resources Inc., listed on the Toronto Stock Exchange, focuses on building a vertically integrated supply chain for rare earth alloys used in permanent magnets. The company develops rare earth mineral resources in ionic clay deposits, featuring high concentrations of heavy rare earths. Aclara’s flagship projects include the Carina Project in Brazil and the Penco Module in Chile, utilizing its patented Circular Mineral Harvesting technology for sustainable extraction. Aclara is also developing a rare earth separation plant in the U.S. and advancing alloy-making capabilities through a joint venture with CAP.
YTD Price Performance: 15.71%
Average Trading Volume: 35,167
Technical Sentiment Signal: Sell
Current Market Cap: $79.11M
For detailed information about ARA stock, go to TipRanks’ Stock Analysis page.