Aclara Resources, Inc. (TSE:ARA) has released an update.
Aclara Resources Inc. has successfully closed a strategic deal with CAP S.A., receiving an initial payment of US$9.7 million as part of a larger US$29.1 million investment for a 20% stake in its Chilean subsidiary REE Uno. The investment, which will be completed in two additional tranches by 2026, values REE Uno at US$116.5 million pre-money and could lead to CAP increasing its stake to 40% post-environmental approval. Additionally, the two companies have established a joint venture to develop materials for the rare earths magnet industry.
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