Business
Aclara Secures New 100% Recycled Water Source for the Penco Module as Part of Its Enhanced EIA Application
TORONTO, ON / ACCESSWIRE / March 16, 2023 / Aclara Resources Inc. ("Aclara" or the "Company") (T...
About this update from Aclara Resources, Inc.
[{"type":"text","content":"Aclara Secures New 100% Recycled Water Source for the Penco Module as Part of Its Enhanced EIA ApplicationTORONTO, ON / ACCESSWIRE / March 16, 2023 / Aclara Resources Inc. (\"Aclara\" or the \"Company\") (TSX:ARA) is pleased to announce that it has successfully secured a recycled water source, which fulfills the full water requirement of the Penco Module (the \"Project\"). This represents a major milestone in improving the environmental attributes of the Project and strengthens the Company's position in preparation of filing its enhanced Environmental Impact Assessment (\"EIA\") application in the second quarter of 2023.The Company has confirmed that its decision to obtain a 100% recycled water source was made as a result of its ongoing dialogue with the community to further improve the sustainability measures of the Project. The recycled water will be provided by Essbio, the water utility company of Concepcion, which collects water from the city and treats it prior to discharge into the environment. This solution is the result of collaborative efforts between Aclara and Essbio to preserve the area's hydric resources and to develop the first fully recycled water supply project in the Biobío region.Ramón Barúa, Aclara's Chief Executive Officer, commented: \"At Aclara, creating environmental wealth is at the core of our value proposition. We are proud to announce that the Penco Module will solely use a sustainable water source in its future operations. Using recycled water allows us to strengthen our relationship with the community by demonstrating that we are excited to codevelop this Project, that we share their environmental concerns and that we are committed to the protection of natural resources. Securing this fully sustainable water source further strengthens Aclara's overall EIA application by materially improving the sustainability measures of the Project.\"Previously, the Company had confirmed that its innovative \"Circular Mineral Harvesting\" closed-circuit process achieved a rate of 95% of water recycling efficiency, resulting in a zero liquid discharge. On September 6, 2022, the Company received the Sustainable Initiative of the Year award by the Business Intelligence Group in recognition of the Penco Module's environmentally friendly design, which excluded the use of explosives, crushing and milling pr...