Business
Aclara Wins Two Technology Excellence Awards for Innovation and Sustainability
TORONTO, ON / ACCESSWIRE / August 22, 2024 / Aclara Resources Inc. ("Aclara" or the "Company")...
About this update from Aclara Resources, Inc.
[{"type":"text","content":"Aclara Wins Two Technology Excellence Awards for Innovation and SustainabilityTORONTO, ON / ACCESSWIRE / August 22, 2024 / Aclara Resources Inc. (\"Aclara\" or the \"Company\") (TSX:ARA) is proud to announce that it has received two notable awards from the 2024 Mining Technology Excellence Awards. Aclara received accolades in both the \"Innovation\" and \"Environmental Sustainability\" categories, accepting recognition for its groundbreaking technology for environmentally responsible extraction of heavy rare earth elements (HREEs). The Mining Technology Excellence Awards is one of the most widely recognized programmes in the industry, powered by GlobalData's business intelligence, celebrating the leading achievements and innovations within the mining industry. The awards programme highlights companies and individuals who are driving meaningful progress and transformation in the sector.\"We are honored to receive these two awards, which reflect our unwavering commitment to sustainable innovation and environmental stewardship,\" said Ramon Barua, CEO of Aclara. \"Our patented Circular Mineral Harvesting process exemplifies our dedication to creating a positive impact on both our industry and the planet. The Innovation Award highlights our distinctive approach to vertical integration, which focuses on creating a robust supply chain for ESG-compliant permanent magnets, essential to supporting the increasing demand for a reliable, transparent source in the clean technology sector.\"The Company's proprietary Circular Mineral Harvesting (\"CMH\") technology garnered the Innovation award, as Aclara seeks to set a new benchmark in sustainable rare earth extraction. This technology, which has been successfully piloted at a semi-industrial scale, allows for the production of high-purity heavy rare earth carbonates with minimal environmental impact. Aclara's strategic initiatives, including the establishment of its subsidiary Aclara Technologies Inc. in the United States and partnerships with industry leaders such as VACUUMSCHMELZE GmbH & Co. KG and CAP S.A., further progresses the Company's position as a forerunner in the development of a responsible supply chain for permanent magnets essential to clean technology sectors.In the realm of Environmental Sustainability, Aclara's CMH process has continued to develop the heavy rare earths s...